CBB Bancorp, Inc. Announces Addition of Douglas Goddard to Board of Directors

LOS ANGELES, February 29, 2024--(BUSINESS WIRE)--CBB Bancorp, Inc. (the "Company") (OTCQX: CBBI), the parent company of Commonwealth Business Bank (the "Bank"), today announced that Douglas Goddard has been appointed to its Board of Directors, as well as to the Board of the Company’s subsidiary bank. The appointment to each of the Boards is effective March 1, 2024.

Mr. Goddard has over 40 years of financial management experience in commercial banking, with over 20 years in the role of Chief Financial Officer for publicly traded financial institutions. Most recently, he served as Chief Financial Officer of Commonwealth Business Bank before retiring from that role in October of 2023.

"We are excited to have Mr. Goddard join our board," said Soon Han Pak, Chair of both the Company and the Bank. "His extensive experience in Bank Asset/Liability management, financial controls, and treasury operations will be important assets for our board as we continue to plan for the Bank’s future success."

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 eleven full-service branches in Los Angeles and Orange Counties in California, Dallas County in Texas, and Honolulu, Hawaii; two SBA regional offices in Los Angeles and Dallas counties; and loan production offices in Georgia and Washington.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240229547716/en/

Contacts

James Hong
President & CEO
(323) 988-3005
JamesH@cbb-bank.com