Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Website
- royalbusinessbankusa.com
- Founded
- 2008
- Employees
- 51-250
- Estimated annual revenue
- $50M-$100M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
Royal Business Bank is a minority-owned, for-profit corporate entity registered in SAM.gov since 2012, with its primary location in Los Angeles, California. As an Asian-Pacific American owned financial institution, the bank specializes in community development financial services, focusing on supporting low- and moderate-income communities through targeted lending and investment strategies. While the bank has not been awarded federal contract vehicles, it has been a significant recipient of grants from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, demonstrating its commitment to economic development in underserved areas.
Through its federal grant awards, Royal Business Bank has consistently received funding to support community development initiatives, particularly in response to economic challenges such as the COVID-19 pandemic. The bank has been awarded three notable grants, including a $258,750 Bank Enterprise Award (BEA) Program grant in September 2024, a $1.8 million CDFI Rapid Response Program (RRP) grant in June 2021, and another Economic Recovery Program (ERP) grant in April 2023. These grants have enabled the bank to expand lending, provide financial services, and support minority communities through targeted financial products. The grants specifically focus on increasing investments in certified Community Development Financial Institutions (CDFIs), supporting small businesses, providing affordable housing lending, and creating tailored financial products for low- and moderate-income populations. By participating in these federal grant programs, Royal Business Bank demonstrates its role in addressing economic disparities and supporting community development through strategic financial interventions.
Quick answers
Is Royal Business Bank registered in SAM.gov?
Yes. Royal Business Bank's SAM.gov registration is active through February 26, 2027.
What is Royal Business Bank's CAGE code?
Royal Business Bank's CAGE code is 5JVC5, and its Unique Entity ID (UEI) is EWMPF2RNXCU1.
What is Royal Business Bank's most recent federal award?
Royal Business Bank's most recent federal grant award is The bank enterprise award program (BEA program) provides monetary awards to fdic insured depository institutions (i.e… (241BE066460G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Royal Business Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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