CBB Bancorp, Inc. Announces Addition of James R. Walther to Board of Directors
02 Agosto 2024 - 4:14PM
Business Wire
CBB Bancorp, Inc. (the “Company”) (OTCQX: CBBI), the parent
company of Commonwealth Business Bank (the “Bank”), today announced
that James R. Walther has been appointed to its Board of Directors,
as well as to the Board of the Company’s subsidiary bank. The
appointment to each of the Boards is effective August 1, 2024.
Mr. Walther has over 45 years of experience with expertise in
banking and financial services, corporate governance, corporate
finance/securities, mergers and acquisitions, among others. He has
served as Senior Counsel of Arnold & Porter Kaye Scholer LLP
until his retirement at the end of 2023. He was recognized as Best
Lawyers in Corporate Law, Mergers & Acquisition Law, and
Securities/Capital Markets Law from 2006 through 2023. He graduated
from Stanford University in 1967 and received his J.D. degree from
UCLA in 1972.
“We are excited to have Mr. Walther join our board,” said Soon
Han Pak, Chair of both the Company and the Bank. “His legal,
financial institution regulation, risk management and financial
services expertise will be an invaluable asset as the Bank
continues its growth and expansion.”
ABOUT CBB Bancorp, Inc.
CBB Bancorp, Inc. is the holding company of Commonwealth
Business Bank, a full-service commercial bank which specializes in
small-to medium-sized businesses and does business as “CBB Bank.”
The Bank has eleven full-service branches in Los Angeles and Orange
Counties in California, Dallas County in Texas and Honolulu,
Hawaii; two SBA regional offices in Los Angeles and Dallas
counties; and three loan production offices in the states of
Georgia and Washington.
For additional information, please go to www.cbb-bank.com.
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Richard Koh SVP & CFO (323) 988-3037
Richardk@cbb-bank.com