RBB Bancorp Resumes Share Repurchases; Plan Is Part Of The Company's Previously Announced 1M Share Repurchase Program Under Which ~433,000 Shares Remain Available And Authorized For Repurchase
Portfolio Pulse from Benzinga Newsdesk
RBB Bancorp has announced the appointment of Mina Rizkalla as SVP/Sr. BSA Officer and Deputy Chief Risk Officer. Rizkalla will head the Bank's Bank Secrecy Act department and oversee the Bank's Anti-Money Laundering/Countering the Financing of Terrorism compliance program. The company also announced that it will resume its share repurchase program, with approximately 433,000 shares remaining available for repurchase.
October 31, 2023 | 8:46 pm
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RBB Bancorp's appointment of Mina Rizkalla and resumption of its share repurchase program could potentially boost investor confidence and positively impact the company's stock price.
The appointment of Mina Rizkalla, who has significant experience in BSA/AML compliance, could strengthen the company's risk management and compliance programs, potentially boosting investor confidence. Additionally, the resumption of the share repurchase program, which is often seen as a sign of a company's confidence in its own stock, could also positively impact the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100