Royal Business Bank achieves approval as a participating financial institution program member
Small Business Development Corporation of Orange County congratulates Royal Business Bank (RBB) on its recent certification as a member institution of the California Infrastructure & Economic Development Bank (IBank). We welcome RBB to the family of financial institutions supporting small business communities across the state, providing capital equity among underserved and disadvantaged communities of color while bridging the wealth gap, and eliminating blight and homelessness with a strong emphasis on creating and retaining jobs in California.
Royal Business Bank combines the service benefits of a national bank with a personal banking touch that community banks offer, providing Commercial and Industrial loans, residential mortgages, and small business lending. Established in Los Angeles in 2008, Royal Business Bank has grown to serve Southern California, Nevada, New York, Chicago, and Hawaii. With over 60 community partners, RBB prioritizes creating a positive change for low to moderate-income communities.
The IBank was created by the state legislature in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. It is a self-supporting entity financed through service fees and interest earnings and has financed more than 55 billion in infrastructure and economic development projects.