Rbb Bancorp · NASDAQ:RBB
Rbb Bancorp — Merger or Acquisition (April 2018)
11 slides from Rbb Bancorp's merger presentation, Apr 23, 2018
Slide 1: Strategic Acquisition of First American International Corp.
April 23, 2018 Strategic Acquisition of First American International Corp. Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to RBB’s current business plans, its future fina
Slide 3: Transaction Highlights
Expands the RBB franchise to the New York market Grants RBB access to the largest Asian-American population in the US with 2.3 million Asian-Americans in the New York City MSA Creates $2.5+ billion institution with improved scale and efficiencies Enhances residential mortgage loan production platfor
Slide 4: Franchise Highlights and Pro Forma Financial Highlights
Franchise Highlights ($ in millions) Assets $2,564 Loans $2,086 Deposits $1,967 Equity $345 Market Cap.(1) $529 Branches 21 Pro Forma Financial Highlights(1) New York City Branch Locations California Branch Locations Branches (8) 1) Pro forma as of December 31, 2017, with the exception of market cap
Slide 5: Overview of First American International Corp.
Overview of First American International Corp. Founded in 1999 Largest locally focused Chinese-American Bank Over 90% of the customer base is Chinese-American Over 85% of the employee base is Chinese-American 8 full service branches principally serving Chinese-American communities in Manhattan, Quee
Slide 6: Extensive due diligence conducted between RBB and FAIT
Extensive due diligence conducted between RBB and FAIT Credit Accounting ALCO Branch network (visited and assessed) Due Diligence Process Robust credit diligence completed RBB and third party loan review Over 60% of the loan portfolio is 1-4 family residential mortgages – low risk portfolio Customer
Slide 7: Transaction Overview
Transaction Overview Two board members from FAIT’s board will join the Board of Directors of RBB Raymond Yu, Chairman of FAIT will serve as Vice Chairman of RBB’s Board of Directors Closing expected in second half of 2018 FAIT shareholder approvals required Customary regulatory approvals NY regional
Slide 8: Pro Forma Loan Portfolio
Pro Forma Loan Portfolio (as of December 31, 2017) Note: Regulatory data shown, does not include purchase accounting adjustments Source: S&P Global Market Intelligence RBB FAIT Pro Forma Composition Composition Composition Loan Type ($000) % of Total Loan Type ($000) % of Total Loan Type ($000) % of
Slide 9: Pro Forma Deposit Mix
RBB FAIT Pro Forma Pro Forma Deposit Mix (as of December 31, 2017) Note: Regulatory data shown, does not include purchase accounting adjustments Source: S&P Global Market Intelligence Composition Composition Composition Deposit Type ($000) % of Total Deposit Type ($000) % of Total Deposit Type ($000
Slide 10: Transaction Assumptions and Pro Forma Impacts
Transaction Assumptions and Pro Forma Impacts Accretion/Dilution Pro Forma Capital Ratios Transaction Assumptions Estimated cost savings of 30% of FAIT’s non-interest expense, 25% phased-in during 2018 and 100% phased-in during 2019 Loan mark of 1.1%, or $7.9 million CDI of approximately 1.00%, or $
Slide 11: Contact
Contact Yee Phong (Alan) Thian Chairman, President and CEO (626) 307-7559 or David Morris Executive Vice President and CFO (714) 670-2488