LOS ANGELES--(BUSINESS WIRE)--PBB Bancorp (OTCQX: PBCA), the holding company of Premier Business Bank, announced today that on April 20, 2018, at a special meeting, the shareholders of PBB Bancorp approved the Agreement and Plan of Reorganization and Merger dated December 18, 2017, by and between PBB Bancorp and First Foundation Inc, pursuant to which PBB Bancorp will be merged with and into First Foundation Inc, with First Foundation Inc. surviving the merger, and immediately thereafter Premier Business Bank will be merged with and into First Foundation Bank, with First Foundation Bank surviving the bank merger.
About PBB Bancorp and Premier Business Bank
PBB Bancorp is the parent company of Premier Business Bank and its full service community bank divisions, Premier Bank of Palos Verdes and First Mountain Bank. Premier Business Bank is headquartered in downtown Los Angeles, California, and has three additional locations in Los Angeles County; two community-based full service retail branches in Rolling Hills Estates and Palos Verdes Estates, and an SBA loan center in Torrance. Its First Mountain Bank division has three full service retail branches located in San Bernardino County, California. Branches are located in Big Bear Lake, Running Springs and Lucerne Valley.
More information about PBB Bancorp and Premier Business Bank can be found at the following website: www.premierbusinessbank.com
The statements contained in this release that are not historical facts are “forward-looking statements” based on management’s current expectations and beliefs concerning future developments. These forward-looking statements involve inherent risks and uncertainties. Specific relevant risks include whether other closing conditions are met and whether the transaction with First Foundation Inc. will be completed. PBB Bancorp cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. PBB Bancorp undertakes no obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.