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LOS ANGELES - CBB Bancorp, Inc. (OTCQX:CBBI), the parent company of Commonwealth Business Bank, today announced the appointment of Seungho Park as President and Chief Executive Officer of both the Company and the Bank. The small-cap financial institution, with a market capitalization of $113.29 million, is currently trading below its InvestingPro Fair Value, suggesting potential upside for investors.
Park, who previously served as Executive Vice President, Chief Commercial Banking Officer, and Eastern Region President at CBB Bank, assumes his new role effective today. He replaces Richard Koh, who had held the position since April 2025 after joining the organization as Chief Financial Officer in 2023.
Prior to joining CBB, Park was Executive Vice President and Midwest Region President at Bank of Hope. His career in the financial industry spans over 29 years, including management of business operating units across New York, New Jersey, Virginia, Georgia, and Alabama.
"Seungho Park brings years of experience in the Korean American banking market, and he has consistently demonstrated the ability to generate profitable growth," said Chairwoman Soon Pak in a press release statement. This leadership change comes as the bank maintains profitability, with InvestingPro data showing the company has been profitable over the last twelve months and trades at an attractive P/E ratio of 6.25.
CBB Bancorp operates as a full-service commercial bank specializing in small-to-medium-sized businesses under the name CBB Bank. The bank maintains twelve full-service branches across Los Angeles, Orange, and Dallas Counties, as well as in Honolulu, Hawaii, and Fort Lee, New Jersey. It also operates three SBA regional offices and loan production offices in Georgia, Washington, and New York. Notably, CBB has raised its dividend for 5 consecutive years, with a current dividend yield of 4.67% and impressive dividend growth of 56.25% in the last year. For more financial insights and metrics on CBB Bancorp, visit InvestingPro, which offers additional ProTips and detailed analysis.
In other recent news, CBB Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. This dividend will be payable on November 21, 2025, to stockholders who are on record as of November 7, 2025. The announcement signifies the company’s ongoing commitment to returning value to its shareholders. Investors often view dividend declarations as a positive indicator of a company’s financial health and stability. This recent development provides shareholders with a clear timeline for the upcoming dividend distribution. The declaration of dividends is a regular practice for companies to share profits with their investors. Such announcements can play a significant role in attracting and retaining investors.
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