CBB Bank

CBB Bancorp Announces Appointment of Richard Koh as Chief Financial Officer

Retrieved on: 
Tuesday, October 3, 2023
Small Business, Banking, Professional Services, Finance, Treasury, Growth, M&A, Bank, CBB Bank, Financial management, Strategic planning, Cryptocurrency

CBB Bancorp, Inc. (“CBB” or the “Company”) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced that Richard Koh has joined the company as Executive Vice President and Chief Financial Officer on October 2, 2023.

Key Points: 
  • CBB Bancorp, Inc. (“CBB” or the “Company”) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced that Richard Koh has joined the company as Executive Vice President and Chief Financial Officer on October 2, 2023.
  • Mr. Koh has over 26 years of combined experience in public accounting and financial management in the banking industry, having worked extensively in accounting, treasury, strategic planning, M&A, and asset liability management.
  • “We are pleased to have Mr. Koh join our management team,” James Hong, President and CEO of CBB Bank, commented.
  • “His extensive financial experience in community banking will be an invaluable asset as the Bank looks to future growth and expansion.”

CBB Bancorp, Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
Friday, April 28, 2023
Small Business, Banking, Professional Services, Finance, CBB Bank, CBB, Current Expected Credit Losses, MMDA, Common equity, Commercial property, Sale, Federal Home Loan Banks, SBA, Commercial, Bank, CRE, Environment, Real estate, Security (finance), Video game, Cryptocurrency

The return on average assets for first quarter 2023 was 1.59% compared to 1.64% for fourth quarter 2022 and 1.91% for first quarter 2022.

Key Points: 
  • The return on average assets for first quarter 2023 was 1.59% compared to 1.64% for fourth quarter 2022 and 1.91% for first quarter 2022.
  • The return on average equity for first quarter 2023 was 13.45% compared to 14.04% for fourth quarter 2022 and 18.05% for first quarter 2022.
  • The net interest margin for first quarter 2023 was 4.38% compared to 4.59% for fourth quarter 2022 and 3.68% for first quarter 2022.
  • The efficiency ratio for first quarter 2023 was 51.04% compared to 51.41% for fourth quarter 2022 and 50.71% for first quarter 2022.

CBB Bancorp, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Friday, January 27, 2023
Small Business, Banking, Professional Services, Finance, CBB, Federal Home Loan Banks, DDA, Federal Reserve Bank of St. Louis, The Company, MMDA, Sale, Common equity, Federal Reserve Bank, SBA, Commercial property, CBB Bank, Bank, Environment, CRE, Security (finance), Cryptocurrency, Video game

The net interest margin for fourth quarter 2022 was 4.59% compared to 4.28% for third quarter 2022 and 3.49% for fourth quarter 2021.

Key Points: 
  • The net interest margin for fourth quarter 2022 was 4.59% compared to 4.28% for third quarter 2022 and 3.49% for fourth quarter 2021.
  • The efficiency ratio for fourth quarter 2022 was 51.41% compared to 55.64% for third quarter 2022 and 52.84% for fourth quarter 2021.
  • Our net interest margin for fourth quarter 2022 was 4.59% compared to 4.28% for third quarter 2022 and 3.49% for fourth quarter 2021.
  • Our cost of funds increased for fourth quarter 2022 to 1.19% from 0.63% for third quarter 2022 and 0.30% for fourth quarter 2021.

CBB Bancorp, Inc. Announces Retirement of Chief Executive Officer Joanne Kim and Appointment of James Hong as New CEO

Retrieved on: 
Tuesday, April 12, 2022
Banking, Professional Services, Finance, Board, CBB, Growth, CBB Bank, Â, Company, Bank, Senior, Financial services

CBB Bancorp, Inc. (CBB or the Company) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the Bank) today announced that Ms. Joanne Kim is retiring this month from her positions as President and Chief Executive Officer of the Company and the Bank.

Key Points: 
  • CBB Bancorp, Inc. (CBB or the Company) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the Bank) today announced that Ms. Joanne Kim is retiring this month from her positions as President and Chief Executive Officer of the Company and the Bank.
  • The Company further announced that Mr. James Hong, currently Senior Executive Vice President of the Bank and Chief Executive Officer and President of the Bank's Ohana Pacific Bank division, will be promoted to the positions of President and Chief Executive Officer of the Company and the Bank upon Ms. Kim's retirement.
  • James Hong has over 35 years of executive level experience in the Korean-American banking market, including in the Los Angeles area prior to his time with Ohana Pacific Bank.
  • CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in serving small-to-medium-sized businesses and does business as CBB Bank.

CBB Bancorp Declares Quarterly Cash Dividend of $.061 per share

Retrieved on: 
Wednesday, August 4, 2021
Small business, Banking, Professional services, Finance, CBB Bank, Dividend, Companies

CBB Bancorp, Inc. (the "Company') (OTCQX: CBBI) announced today that its Board of Directors declared a quarterly cash dividend of $.061 per common share.

Key Points: 
  • CBB Bancorp, Inc. (the "Company') (OTCQX: CBBI) announced today that its Board of Directors declared a quarterly cash dividend of $.061 per common share.
  • The dividend is payable on or about August 27, 2021, to all stockholders of record as of the close of business on August 13, 2021.
  • CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to medium-sized businesses and does business as CBB Bank.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20210803006163/en/

CBB Bancorp Announces Addition of Martin Feuer to Board of Directors

Retrieved on: 
Tuesday, July 13, 2021
Small business, Banking, Professional services, Finance, CBB Bank, Companies

CBB Bancorp, Inc. (CBB or the Company) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the Bank), today announced that Martin Feuer has been appointed to its Board of Directors, as well as to the Board of the Companys subsidiary bank.

Key Points: 
  • CBB Bancorp, Inc. (CBB or the Company) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the Bank), today announced that Martin Feuer has been appointed to its Board of Directors, as well as to the Board of the Companys subsidiary bank.
  • His prior management experience has included senior management positions with MFUG Union Bank, Deloitte & Touch, and Zurich Financial Services.
  • We are excited to have Mr. Feuer join our board, said Soon Han Pak, Chairwoman of both the Company and the Board.
  • CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to medium-sized businesses and does business as CBB Bank.

CBB Bancorp Announces Completion of the Acquisition of Ohana Pacific Bank

Retrieved on: 
Thursday, July 1, 2021
Small business, Banking, Professional services, Finance, CBB Bank, Hawaiian Airlines, Ohana, Banks of the United States, Airlines, Regions of the United States

CBB Bancorp, Inc. (OTCQX: CBBI) announced today that it has completed its acquisition of Ohana Pacific Bank (Ohana) (OTCPK:OHPB), located in Honolulu, Hawaii.

Key Points: 
  • CBB Bancorp, Inc. (OTCQX: CBBI) announced today that it has completed its acquisition of Ohana Pacific Bank (Ohana) (OTCPK:OHPB), located in Honolulu, Hawaii.
  • Ohana Pacific Bank will continue to provide services to its customers in the Hawaiian market, operating as a division of Commonwealth Business Bank (CBB).
  • We are thrilled to announce the completion of our acquisition of Ohana Pacific Bank and our expansion into the Hawaii markets.
  • CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to medium-sized businesses and does business as CBB Bank.

CBB Bancorp Initiates Payment of Quarterly Dividend of $.05 Per Share

Retrieved on: 
Thursday, May 27, 2021
Banking, Professional services, Finance, Shareholders, CBB Bank, Dividends, Corporate finance, Stock market, Financial markets

CBB Bancorp, Inc. (the "Company') (OTCQX: CBBI) announced today that its Board of Directors declared a quarterly cash dividend of $.05 per common share.

Key Points: 
  • CBB Bancorp, Inc. (the "Company') (OTCQX: CBBI) announced today that its Board of Directors declared a quarterly cash dividend of $.05 per common share.
  • The dividend is payable on or about June 25, 2021, to all stockholders of record as of the close of business on June 11, 2021.
  • This initiation of a quarterly dividend program reflects our confidence in the Companys growth and earnings power.
  • CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to medium-sized businesses and does business as CBB Bank.

CBB Bancorp Announces Receipt of Regulatory Approvals for Acquisition

Retrieved on: 
Friday, May 14, 2021
Banking, Professional services, Finance, CBB Bank

b'CBB Bancorp, Inc. (\xe2\x80\x9cCompany\xe2\x80\x9d) (OTCQX: CBBI) announced today that it has received all regulatory approvals required to complete its previously announced agreement to acquire Ohana Pacific Bank, located in Honolulu, Hawaii.

Key Points: 
  • b'CBB Bancorp, Inc. (\xe2\x80\x9cCompany\xe2\x80\x9d) (OTCQX: CBBI) announced today that it has received all regulatory approvals required to complete its previously announced agreement to acquire Ohana Pacific Bank, located in Honolulu, Hawaii.
  • The Company also announced that the Ohana Pacific Bank stockholders have approved the transaction.\nThe transaction is expected to be completed in the third quarter of this year, subject to satisfaction of customary closing conditions.\nCBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small- to medium-sized businesses and does business as \xe2\x80\x9cCBB Bank.\xe2\x80\x9d The Bank has eight full-service branches in Los Angeles, Orange, and Dallas Counties; two SBA regional offices in Los Angeles and Dallas Counties; and five loan production offices in Texas, Georgia, Colorado, and Washington.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513006098/en/\n'

Pacific Premier Bancorp to Participate in the Piper Jaffray Western Bank Symposium

Retrieved on: 
Thursday, November 7, 2019
Small business, Banking, Professional services, Finance, Companies, Economy of the United States, Piper Jaffray, U.S. Bancorp, Pacific Premier Bancorp, Ameris Bancorp, CBB Bank

Pacific Premier Bancorp, Inc. (NASDAQ: PPBI), the holding company of Pacific Premier Bank, announced today that Steven R. Gardner, Chairman, President and Chief Executive Officer, and Ronald J. Nicolas, Jr., Senior Executive Vice President and Chief Financial Officer, will participate in the Piper Jaffray Western Bank Symposium being held in Santa Monica, California, on November 7, 2019.

Key Points: 
  • Pacific Premier Bancorp, Inc. (NASDAQ: PPBI), the holding company of Pacific Premier Bank, announced today that Steven R. Gardner, Chairman, President and Chief Executive Officer, and Ronald J. Nicolas, Jr., Senior Executive Vice President and Chief Financial Officer, will participate in the Piper Jaffray Western Bank Symposium being held in Santa Monica, California, on November 7, 2019.
  • During the conference, the management team will hold a series of meetings with institutional investors.
  • Pacific Premier Bancorp, Inc. is the holding company for Pacific Premier Bank, one of the largest banks headquartered in Southern California with approximately $11.8 billion in assets.
  • Through its more than 40 depository branches, Pacific Premier Bank offers a diverse range of lending products including commercial, commercial real estate, construction and SBA loans, as well as specialty banking products for homeowners associations and franchise lending nationwide.