RBB Bancorp CEO Alan Thian resigns after internal investigation finds policy violations

RBB Bancorp

CEO Alan Thian resigned immediately after special committee investigation found policy violations including personnel decisions and adverse morale effects.
David Morris appointed interim President and CEO; Morris also serves as EVP and CFO.
Board stated violations had no overall adverse financial impact on the company.
Thian had been on paid leave since February 22, 2022; investigation conducted by independent outside law firm.

item 5.02 item 9.01

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Departed

Alan Thian

President and Chief Executive Officer

RBB · RBB Bancorp

Effective: 2022-04-11
Filed: April 11, 2022, 7:59 PM ET

On April 11, 2022, the registrant issued a press release announcing the resignation of Mr. Alan Thian, president and chief executive officer of Royal Business Bank, the wholly owned subsidiary of RBB Bancorp, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.9

Alan Thian resigned as President and Chief Executive Officer at RBB Bancorp.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On April 11, 2022, the registrant issued a press release announcing the resignation of Mr. Alan Thian, president and chief executive officer of Royal Business Bank, the wholly owned subsidiary of RBB Bancorp, effective immediately.

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Source: SEC EDGAR

accession 0001437749-22-008692

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