Arnold & Porter Advises First American International Corporation on $117 Million Sale to RBB Bancorp
Arnold & Porter advised First American International Corporation, parent of First American International Bank, in its $117 million sale to RBB Bancorp, Inc. (RBB), parent of Royal Business Bank. The definitive agreement includes cash and stock.
RBB provides business banking services to Chinese-American Communities in California and Nevada. First American International Bank, which principally serves Chinese-American communities in New York and has eight full-service branches offering consumer and business banking and loan products services, adds regional market leadership to RBB’s franchise.
The transaction team was led by Financial Services partner Michael Mancusi, Corporate & Finance partner Robert Azarow and associate Marianna Shelenkova. The team also included Tax partner Laurie Abramowitz, counsel Kathleen Wechter, and associate Reuven Graber; Corporate & Finance associate Eric An; and Financial Services associate Anthony Raglani.