RBB Bancorp launched a wealth management business and an income property lending business at the beginning of 2018, according to an investor presentation.
The Los Angeles-based company also expects its loan pipeline to support double-digit growth. Its residential mortgage loan production benefited from the expansion of the company's lending activity in Las Vegas, Northern California and San Diego. Small business administration loan production will remain at low levels, however, until additional loan officers are hired. The company is also in the process of hiring a new SBA manager.
Net interest margin is also expected to benefit from additional rate increases.
As for M&A, the company is looking at select Metropolitan Statistical Areas that have a lot of Asian-Americans and have a high number of Chinese-American banks and branches.
