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BRIEF-RBB Bancorp Agrees To Acquire Gateway Bank, F.S.B.

reuters ·  Dec 28, 2021 21:42

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

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