RBB Bancorp, a California commercial bank focused on serving first-generation Asian immigrants, raised $66 million by offering 2.9 million shares at $23, within the range of $22 to $24.
RBB Bancorp plans to list on the Nasdaq under the symbol RBB. Sandler O'Neill, Keefe Bruyette Woods and Stephens Inc. acted as lead managers on the deal.
