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  6. RBB Bancorp. Acquires TFC Holding Co.

M&A Deal Summary

RBB Bancorp. Acquires TFC Holding Co.

On February 19, 2016, RBB Bancorp. acquired financial services company TFC Holding Co.

Acquisition Highlights
  • This is RBB Bancorp.’s 1st transaction in the Financial Services sector.
  • This is RBB Bancorp.’s 1st transaction in the United States.
  • This is RBB Bancorp.’s 1st transaction in California.

M&A Deal Summary
Date 2016-02-19
Target TFC Holding Co.
Sector Financial Services
Buyer(s) RBB Bancorp.
Deal Type Add-on Acquisition
Advisor(s) Sanli Pastore & Hill (Financial)
Gary Steven Findley & Associates (Legal)

Target

TFC Holding Co.

Alhambra, California, United States
TFC Holding Co. is a Delaware bank holding company and sole shareholder of TomatoBank. TB operates six full–service branches in orange and los angeles counties.

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Buyer(S) 1

Buyer

RBB Bancorp.

Los Angeles, California, United States
Category Company
Sector Financial Services
DESCRIPTION

RBB Bancorp. is a holding company of Royal Business Bank. RBB is a provider of FDIC insured, minority owned community bank services.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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