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Get filing alertsRBB Bancorp COO Gary Fan to depart September 30 after mutual non-renewal of employment agreement
Filed September 8, 2026 · Period ending August 31, 2026 · ~1 min read
Key Changes
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COO Gary Fan will leave Royal Business Bank effective September 30, 2026, after the company and Fan mutually agreed not to renew his employment agreement beyond its December 4, 2026 expiration.
Item 5.02 verify on EDGAR → -
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Fan will receive six months of his current annual base salary as severance, conditioned on executing a general release of claims.
Item 5.02 verify on EDGAR →
Summary
RBB Bancorp disclosed that Gary Fan, Executive Vice President and Chief Operations Officer of its wholly-owned subsidiary Royal Business Bank, will conclude his tenure effective September 30, 2026. The departure follows a mutual decision on August 31, 2026 not to renew his employment agreement, which was set to expire December 4, 2026. The filing describes the move as part of the Bank's leadership transition plan.
Fan will receive a severance payment equal to six months of his current annual base salary, contingent on his execution of a general release of claims in favor of the Bank and related parties. The filing does not identify a successor or provide further details on the transition. For retail holders, the departure of a senior operations executive is a moderate governance event. The mutual non-renewal and standard severance terms suggest an orderly transition rather than a dispute, but the lack of a named successor leaves a near-term operational question for the Bank.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 9, 2026 · How we verify