Brief: RBB Bancorp Agrees To Acquire Gateway Bank, F.S.B.

RBB BANCORP

28/12/2021 21:38

Dec 28 (Reuters) - RBB Bancorp  RBB.O :
    * RBB BANCORP ANNOUNCES ENTRY INTO THE SAN FRANCISCO BAY
AREA WITH
AGREEMENT TO ACQUIRE GATEWAY BANK, F.S.B.
    * RBB BANCORP - ENTERED INTO A DEFINITIVE AGREEMENT TO
ACQUIRE
GATEWAY BANK, F.S.B IN A CASH TRANSACTION VALUED AT ABOUT $22.9
MILLION
    * RBB BANCORP - EXPECTS TRANSACTION TO BE ACCRETIVE TO
EARNINGS
PER SHARE IN 2022 IN MID-SINGLE DIGIT RANGE
    * RBB BANCORP - ALSO EXPECTS TO INCUR TANGIBLE BOOK VALUE
PER
SHARE DILUTION OF APPROXIMATELY 1.8% UPON CLOSING OF TRANSACTION

Source text for Eikon:  ID:nBw4Whpm3a 
Further company coverage:  RBB.O 

 ((Reuters.Briefs@thomsonreuters.com;))