An investigation on behalf of investors in RBB Bancorp (NASDAQ:RBB) shares over potential wrongdoing at RBB Bancorp was announced.
San Diego, CA -- (SBWIRE) -- 05/12/2022 -- An investigation was announced for long-term investors in shares of RBB Bancorp (NASDAQ: RBB) over potential breaches of fiduciary duties by certain directors at RBB Bancorp.
Investors who purchased shares of RBB Bancorp (NASDAQ: RBB) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain RBB Bancorp directors breached their fiduciary duties and caused damage to the company and its shareholders.
Los Angeles, CA based RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities.
On Feb. 18, 2022, RBB Bancorp announced the departure of the EVP and Chief Lending Officer (Tammy Song) of RBB Bancorp's wholly owned subsidiary Royal Business Bank.
Then on Feb. 22, 2022, RBB Bancorp announced its President and CEO (Alan Thian) would take a leave of absence, effective immediately, pending an internal investigation being conducted by a special committee of the company's board of directors.
Shares of RBB Bancorp (NASDAQ: RBB) declined from $27.43 per share on February 02, 2022, to as low as $20.68 per share on February 24, 2022.
Those who purchased shares of RBB Bancorp (NASDAQ: RBB) have certain options and should contact the Shareholders Foundation.
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