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LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. (“CBB” or the “Company”) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), announced the appointment of Alex Ko as Executive Vice President and Chief Operating Officer, effective January 2, 2025. Mr. Ko brings over 27 years of experience in banking and finance, including leadership roles as Senior EVP and CFO of Bank of Hope, where he led strategic growth, operational improvements, and M&A initiatives. He also spent.
LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. (the "Company') (OTCQX: CBBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per common share. The dividend is payable on February 28, 2025, to all stockholders of record as of the close of business on February 14, 2025. About CBB Bancorp, Inc.: CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to-medium-sized businesses and doe.
LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. ("CBB" or the "Company') (OTCQX: CBBI), the holding company of Commonwealth Business Bank, doing business as “CBB Bank” (the "Bank"), announced today net income of $5.7 million for the fourth quarter 2024, or $0.54 per diluted share compared to $5.6 million in the third quarter 2024, or $0.53 per diluted share. Additionally, CBB reported net income for the year ended December 31, 2024 of $22.4 million, or $2.12 per diluted share compared to $28.9.
LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. (the "Company') (OTCQX: CBBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per common share. The dividend is payable on November 22, 2024, to all stockholders of record as of the close of business on November 08, 2024. About CBB Bancorp, Inc.: CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to-medium-sized businesses and doe.
LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. ("CBB" or the "Company') (OTCQX: CBBI), the holding company of Commonwealth Business Bank, doing business as “CBB Bank” (the "Bank"), announced today net income of $5.6 million for the third quarter 2024, or $0.53 per diluted share compared to $5.5 million in the second quarter 2024, or $0.51 per diluted share. OVERALL RESULTS Net income for the third quarter 2024 increased due to higher net interest income after provision for credit losses offset.
LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. (the “Company”) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced that James R. Walther has been appointed to its Board of Directors, as well as to the Board of the Company's subsidiary bank. The appointment to each of the Boards is effective August 1, 2024. Mr. Walther has over 45 years of experience with expertise in banking and financial services, corporate governance, corporate finance/securities, me.