RBB Bancorp in Los Angeles has separated its chairman and CEO positions.
The $3.7 billion-asset company said in a press release Tuesday that James Kao had become its chairman, succeeding President and CEO Alan Thian.
Kao has been a director at RBB since 2015. Thian, who has been RBB’s chairman since the company’s formation in 2011, will remain on the board.
Kao “is an experienced member of the board and has a wealth of experience and success as a businessman and investor,” Thian said in the release.
“The board and I elected to separate the chairman and [CEO] roles in anticipation of the continued growth of the bank and to reflect best corporate governance practices,” Thian said.