RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (the "Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as (the "Company"), announced that its Board of Directors authorized a stock repurchase plan providing for the repurchase of up to 1 million shares of the Company's outstanding common stock through June 30, 2028 (the "Repurchase Plan") and a partial redemption of the 4.0% Fixed to Floating Rate Subordinated Notes due March 31, 2031 (the "Notes").

The Repurchase Plan represents a dollar amount of approximately $25 million, based on the Company's current stock price, and represents approximately 6% of the Company's current outstanding shares.