04/18/25
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Press Release – RBAZ Bancorp, Inc. Announces Unaudited Financial Results for the Quarter Ending March 31, 2025
(04.18.2025)
Phoenix, Arizona – April 18, 2025. RBAZ Bancorp, Inc. (OTCIQ: RBAZ) (the “Company”), parent company of Republic Bank of Arizona (the “Bank” or “RBAZ”), announced a consolidated net income of $1,064,000, or $0.59 per share, for the quarter ended March 31, 2025 as compared to a consolidated net income of $713,000, or $0.40 per share, for the quarter ended March, 31, 2024.
President and CEO Brian Ruisinger stated “I am proud to report strong earnings in our final reporting quarter as RBAZ reflecting a 49% increase from the year ago quarter bolstered by net interest margin at 4.61% and expense control. Solid loan yields coupled with static cost of funds resulted in a 15% net interest margin improvement while expenses remained consistent reflecting a decrease of 1%.
”Mr. Ruisinger continued, “As an update to our May 16, 2024 announcement of our intent to join forces with Pima Federal Credit Union, the Company’s shareholders approved the transaction on August 22, 2024 and regulatory applications were approved during Q1. We have announced a closing date of May 2, 2025, at which time the Company intends for its common stock to no longer trade or be quoted on the OTC Pink Market. As we approach the end of our 18-year history as RBAZ, we are extremely proud of ending as the top performing bank headquartered in the state. We look forward to continuing to serve our valued customers with expanded products and resources as Pima Federal Credit Union.”
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(03.17.2025)
Status Update on Merger with Pima Federal Credit Union
(09.20.2024)
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(06.03.2024)
Press Release
(05.16.2024)