Item 7.01. Regulation FD Disclosure.

On January 13, 2020, RBB Bancorp, a California corporation ("RBB"), issued a press release announcing the completion of its previously-announced acquisition of PGB Holdings, Inc. ("PGB"). A copy of the press release is furnished herewith as Exhibit 99.1.

The information furnished pursuant to this Item and the related exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

Item 8.01. Other Events.

On January 10, 2020, RBB completed its previously-announced acquisition (the "Merger") of PGB pursuant to an Agreement and Plan of Merger dated as of September 5, 2019 (the "Merger Agreement"), by and among RBB, its wholly-owned subsidiary, Royal Business Bank, PGB and its wholly-owned bank subsidiary, Pacific Global Bank. At the effective time of the transaction, PGB merged with and into RBB (the "Merger"). Immediately following the Merger, Pacific Global Bank merged with and into Royal Business Bank.

Pursuant to the terms of the Merger Agreement, each holder of PGB common stock has the right to receive $69.49 per share, for each share of PGB common stock held immediately prior to the effective time of the Merger (the "Merger Consideration"). Unexercised PGB options were terminated by PGB prior to the effective time of the Merger, as provided for in the Merger Agreement. The value of the total Merger Consideration was approximately $32,885,274.

The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which was filed as Exhibit 2.1 to RBB's Form 10-Q filed with the Securities and Exchange Commission on November 12, 2019, and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits.




2.1      Agreement and Plan of Merger, dated as of September 5, 2019, between RBB
       Bancorp and PGB Holdings Inc. (incorporated by reference to Exhibit 2.1 to
       RBB's Form 10-Q filed on November 12, 2019)*

99.1     Press Release, dated January 13, 2020




*   Certain schedules to this agreement have been omitted pursuant to
    Item 601(b)(2) of Regulation S-K and RBB agrees to furnish supplementally to
    the Securities and Exchange Commission a copy of any omitted schedule upon
    request.


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