RBB Bancorp in Los Angeles didn’t have to look too hard to find its permanent CEO.
The $3.9 billion-asset company said in a press release that it has removed “interim” from David Morris’ title. Morris, who will remain RBB’s chief financial officer, will join the company’s board.
Morris will spearhead efforts to hire a president.
RBB said that Shalom Chang, who had been its controller, had become chief accounting officer.
“After conducting a thorough search, it was clear that David’s familiarity with RBB, leadership these past eight months and 35 years of community banking experience make him the best person to lead Royal Business Bank,” James Kao, RBB’s chairman, said in the release.
“David also understands the factors that will contribute to RBB’s continued success: high ethical standards, commitment to our customers and our communities, and the importance of maintaining an outstanding workplace for all our employees,” Kao added.
Morris, who joined the company as CFO in 2010, became interim president and CEO in February when his predecessor, Alan Thian, was placed on leave while the company began an internal investigation. Thian later resigned when the investigation identified violations of company policies and procedures.