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CBB Bancorp Announces Appointment of Richard Koh as Chief Financial Officer

CBB Bancorp, Inc. (“CBB” or the “Company”) (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced that Richard Koh has joined the company as Executive Vice President and Chief Financial Officer on October 2, 2023.

Mr. Koh has over 26 years of combined experience in public accounting and financial management in the banking industry, having worked extensively in accounting, treasury, strategic planning, M&A, and asset liability management. Retiring CFO Douglas Goddard has agreed to continue as a consultant with the Company through the month of October 2023 to assist with the transition process.

“We are pleased to have Mr. Koh join our management team,” James Hong, President and CEO of CBB Bank, commented. “His extensive financial experience in community banking will be an invaluable asset as the Bank looks to future 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 loans to small- to medium-sized businesses and does business as “CBB Bank.” The Bank has ten full-service banking offices 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 five loan production offices in Texas, Georgia, Colorado, and Washington.

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