Royal Business Bank
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Royal Business Bank
Royal Business Bank () is a Chinese American bank based in Los Angeles, California. It is one of the biggest Chinese American banks in the country, and has branches in California, Nevada, and New York. It is a wholly-owned subsidiary of RBB Bancorp. History The Bank was founded by Louis Chang in November 2008 in Los Angeles, California. It started out with one location but since 2011, and has since has opened three new locations in San Gabriel, Torrance, and Rowland Heights. RBB has acquired First Asian Bank (Las Vegas) in 2011, Ventura County Business Bank, Oxnard, Los Angeles National Bank, Buena Park, and TomatoBank (Alhambra) for $83.2 million in 2015, spreading its coverage all over California and Las Vegas. In July 2017, RBB entered the Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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