CBB Bancorp, Inc. (CBBI)

Overview

CBB Bancorp, Inc. serves as a significant player in the commercial banking sector, primarily catering to the needs of individuals and business entities across the United States. Operating under the brand Commonwealth Business Bank, the institution began its journey in 2005, with its headquarters strategically positioned in Los Angeles, California. CBB Bancorp has expanded its footprint to include not only full-service and limited-service branches in Southern California, Dallas, Texas, and Honolulu, Hawaii but also loan production offices in Colorado, Georgia, Texas, and Washington. This broad network enables the bank to effectively reach and serve a diverse clientele with varying financial services and needs.

Products and Services

CBB Bancorp, Inc. offers a comprehensive suite of commercial banking products and services designed to meet the financial requirements of its varied customer base:

• Checking, Savings, Money Market, and Certificate of Deposit Accounts: These traditional banking products offer a range of options for customers to manage their daily financial operations and save for the future, each tailored to different needs for accessibility, yield, and investment horizon.
• SBA Lending: Specializing in Small Business Administration (SBA) loans, CBB Bancorp provides critical financial support to small businesses seeking to start up, expand, or manage their operations, ensuring these entities have the capital they need to grow and succeed.
• Business Lines of Credit: Offering flexible financing solutions, these credit lines empower businesses to manage cash flow effectively, handle unexpected expenses, or capitalize on timely opportunities by providing access to pre-approved funds.
• Business Term Loans: For businesses looking to finance larger investments or projects, business term loans provide lump-sum capital that is paid back over a set period, ideal for long-term growth initiatives.
• Business and Commercial Property Loans: Tailored to the needs of businesses investing in real estate, these loans offer financing solutions for purchasing or refinancing commercial properties, including offices, retail spaces, and industrial sites.
• Construction Loans: CBB Bancorp supports businesses and real estate developers with loans specifically designed for the construction phase of buildings and projects, addressing the unique cash flow and timing requirements of construction endeavors.
• Credit Cards: In addition to standard banking products, the company provides credit card options to its customers, facilitating easy and secure transactions for both personal and business expenses.
• Treasury Management: This service includes a suite of tools and solutions for managing a business's daily financial operations more efficiently, including cash management, payment processing, and fraud prevention.
• Mobile and Online Banking Services: Recognizing the importance of accessibility and convenience in today’s banking, CBB Bancorp offers robust digital banking solutions that allow customers to manage their finances anytime and anywhere.
• Title and Escrow Services: The bank extends beyond traditional banking services to offer support in real estate transactions, providing title and escrow services that ensure the smooth transfer of property from seller to buyer.
• Trade Finance Services: For businesses engaged in international trade, CBB Bancorp offers an array of services including commercial letters of credit, standby letters of credit, and documentary collection services, facilitating secure and efficient cross-border transactions.