RBB Bancorp redeems 6.5% subordinated fixed-to-floaters due 2026

By Rebecca Melvin

Concord, N.H., March 31 – RBB Bancorp redeemed on Wednesday all of its 6.5% fixed-to-floating rate subordinated notes due March 31, 2026 (Cusip: 74930BAAA3), according to a company news release.

The redemption priced was set at $50 million. The notes were redeemed at par plus accrued and unpaid interest.

The financial company is based in Los Angeles, with its commercial banks serving Chinese-American communities in California, New York, New Jersey and Illinois.

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