AP NEWS

CBB Bancorp, Inc. Announces the Hiring of J. Duncan Smith as Chief Financial Officer

October 2, 2018

LOS ANGELES--(BUSINESS WIRE)--Oct 2, 2018--CBB Bancorp, Inc. (“CBB” or the “Company”) (OTCQB: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced that J. Duncan Smith has been hired as EVP and Chief Financial Officer.

Mr. Smith adds significant expertise to the Bank’s financial areas such as mergers and acquisitions, capital markets and process management. In addition, Mr. Smith, a CPA, brings over 30 years of experience in banking and financial services companies, including shareholders’ relations and SEC reporting.

He started his career in public accounting and worked for several notable firms including Ernst and Young and Grant Thornton. Mr. Smith went on to become the Chief Financial Officer of several Philadelphia area financial institutions including Bryn Mawr Bank Corporation (NASDAQ – BMTC) and most recently with Community Bank in Pasadena, CA (recently purchased by CVB Financial Corporation Bank).

Mr. Smith received his undergraduate degree from Shippensburg University, along with his Masters in taxation and MBA from Widener University and Penn State - Great Valley, respectively. Mr. Smith resides in Pasadena, CA.

“We are pleased to have someone of Mr. Smith’s caliber to join our management team. His expansive knowledge and experience of the banking industry will provide a guidance for a successful foundation for our company’s growth,” said CEO, Joanne Kim.

ABOUT CBB Bancorp, Inc.

CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small- to medium-sized businesses and does business as “CBB Bank.” The Bank has eight full service branches in Los Angeles, Orange, and Dallas Counties; two SBA regional offices in Los Angeles and Dallas counties; and six loan production offices in the states of Texas, Georgia, Colorado, Utah and Washington.

For additional information, please go to www.cbb-bank.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005251/en/

CONTACT: CBB Bancorp, Inc.

Joanne Kim

President & CEO

(323) 988-3005

JoanneK@cbb-bank.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: CBB Bancorp, Inc.

Copyright Business Wire 2018.

PUB: 10/02/2018 09:00 AM/DISC: 10/02/2018 09:01 AM

http://www.businesswire.com/news/home/20181002005251/en

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