RBB Bancorp in Los Angeles has set the stage for a new CEO.
The $4 billion-asset company said in a press release that Johnny Lee will become its president and CEO of its bank on Jan. 1. Lee, who is the bank’s president and chief banking officer, will become corporate CEO on May 22.
Lee will succeed David Morris as he moves into each new position. Morris will remain on the boards of the company and the bank.
“We wish to express our sincere appreciation for the tremendous work … Morris has completed for the company over the past 15 years and we are grateful for his service and dedication,” Christina Kao, the company’s chair, said in the release. “Our company has grown substantially due in large part to his strategic efforts and we are so pleased he plans to continue his service as a director.”