CBB Bank
From Wikipedia, the free encyclopedia
 | |
| Company type | Private company |
|---|---|
| OTCQX: CBBI | |
| Industry | Banking |
| Founded | 2005 |
| Headquarters | , |
Key people | James Hong, president and chief executive officer |
| Revenue | $51.2 million (2016)[1] |
Number of employees | 170 (2023) |
| Parent | CBB Bancorp, Inc. |
| Website | cbb-bank |
CBB Bank is an American bank that operates in the states of California, Texas and Hawaii providing commercial and personal banking services to the Korean-American community. It owned by the holding company CBB Bancorp, Inc.
As of 2015[update], CBB Bank had 11 retail branches in California, Texas and Hawaii. It is one of five major Korean-American banks in the United States.[2]
Commonwealth Business Bank, as well known as CBB Bank, was founded on March 9, 2005, in Los Angeles, California with only 20 employees and $23.1 million of capital. It had its first stock traded on March 21 of that same year. It got TARP CPP Redemption on July 22, 2013, and had total assets of over $1 billion as of July 31, 2017. On September 1, 2017, it formed CBB Bancorp.[3]
In February 2021 CBB Bancorp announced it was acquiring Honolulu-based Ohana Pacific bank and its two retail locations. The sale was completed in July of that year.[4][5]