The Law Offices of Frank R. Cruz continues its investigation of RBB Bancorp (“RBB Bancorp” or the “Company”) (NASDAQ: RBB) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On February 18, 2022, RBB Bancorp announced the departure of its Executive Vice President and Chief Lending Officer of its wholly owned subsidiary Royal Business Bank.
Then, on February 22, 2022, the Company announced that its President and CEO would be taking a leave of absence, effective immediately, pending an internal investigation.
On this news, RBB Bancorp’s stock fell $2.70, or 10.5%, to close at $23.06 on February 22, 2022, thereby injuring investors.
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If you purchased RBB Bancorp securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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