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News 1/22/2019 - Women’s Empowerment to receive $45,000, Amador College Connect to receive $25,000
(Sacramento, Calif. – January 11, 2019) -- American River Bankshares (NASDAQ-GS: AMRB) is pleased to announce the two local recipients of grants from Access to Housing and Economic Assistance for Development (AHEAD) a program of the Federal Home Loan Bank of San Francisco (FHLB San Francisco). American River Bank sponsored and helped guide the two recipient organizations through the application process. This year’s recipients include Women’s Empowerment in Sacramento which will receive $45,000 to continue to develop and expand the use of their “Get A Job Kit” which helps program graduates successfully find employment and stay out of homelessness. The second grant recipient is the Amador Community College Foundation’s Amador College Connect which will receive $25,000 to support their apprenticeship program in culinary and hospitality arts at Jackson Rancheria Casino Resort. Graduates of the intensive eight-month program will earn a culinary arts certificate and guaranteed employment at the Casino.
 AHEAD grant recipients receive generous donations from FHLB San Francisco with help from American River Bank. L to R - Cecilia Miles, VP of Loan Operations and CRA Officer, American River Bank; Lisa Culp, Executive Director, Women's Empowerment; Craig Burman, Treasurer, Amador Community College Foundation; David E. Ritchie, Jr, President & CEO, American River Bank and President, American River Bank Foundation 1/17/2019 - Sacramento, CA, January 17, 2019 – American River Bankshares (NASDAQ-GS: AMRB) announced its first quarter cash dividend of 5 cents per share ($0.05) payable on February 13, 2019 to shareholders of record on January 30, 2019.
The cash dividend is equal to the 5 cents declared in the fourth quarter of 2018 and represents the ninth cash dividend since the quarterly program was reinstated in January of 2017. 1/17/2019 - SACRAMENTO, CA, January 17, 2019 – American River Bankshares (NASDAQ-GS: AMRB) today announced that it will host a conference call on Thursday, January 24, 2019 at 1:30 p.m. Pacific Time to discuss fourth quarter 2018 financial results.
David E. Ritchie, Jr., President and Chief Executive Officer, and Mitchell A. Derenzo, Executive Vice President and Chief Financial Officer, both of American River Bankshares, will lead a live presentation and answer analysts’ questions. 10/18/2018 - Sacramento, CA, October 18, 2018 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.2 million, or $0.20 per diluted share for the third quarter of 2018 compared to $1.1 million, or $0.17 per diluted share for the third quarter of 2017. For the nine months ended September 30, 2018, net income was $3.8 million or $0.64 per diluted share, compared to $3.6 million or $0.55 per diluted share for the nine months ended September 30, 2017.
10/18/2018 - Sacramento, CA, October 18, 2018 – American River Bankshares (NASDAQ-GS: AMRB) announced its fourth quarter cash dividend of 5 cents per share ($0.05) payable on November 14, 2018 to shareholders of record on October 31, 2018.
The cash dividend is equal to the 5 cents declared in the third quarter of 2018 and represents the eighth cash dividend since the quarterly program was reinstated in January of 2017. 10/11/2018 - SACRAMENTO, CA, October 11, 2018 – American River Bankshares (NASDAQ-GS: AMRB) today announced that it will host a conference call on Thursday, October 18, 2018 at 1:30 p.m. Pacific Time to discuss third quarter 2018 financial results.
David E. Ritchie, Jr., President and Chief Executive Officer, and Mitchell A. Derenzo, Executive Vice President and Chief Financial Officer, both of American River Bankshares, will lead a live presentation and answer analysts’ questions. 7/19/2018 - Sacramento, CA, July 19, 2018 – American River Bankshares (NASDAQ-GS: AMRB) announced its third quarter cash dividend of 5 cents per share ($0.05) payable on August 15, 2018 to shareholders of record on August 1, 2018.
The cash dividend is equal to the 5 cents declared in the second quarter of 2018 and represents the seventh cash dividend since the quarterly program was reinstated in January of 2017. 7/19/2018 - Sacramento, CA, July 19, 2018 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.3 million, or $0.22 per diluted share for the second quarter of 2018 compared to $1.3 million, or $0.20 per diluted share for the second quarter of 2017. For the six months ended June 30, 2018, net income was $2.6 million or $0.44 per diluted share, compared to $2.5 million or $0.38 per diluted share for the six months ended June 30, 2017.
“During the quarter we began to see the results of the hard work from our new lending team,” said David E. Ritchie, Jr., President and CEO of American River Bankshares. “While we experienced a decrease in loans outstanding due to higher than usual loan payoffs, we did record $30 million in new loan commitments during the quarter and included in that total was $8 million in commercial loans.” Ritchie continued, “Of the $30 million in commitments, $13 million funded in the second quarter and it is anticipated that many of these remaining commitments will begin funding in the third quarter of 2018.”  Rates, fees and policies in the banking industry are changing rapidly. Make sure that you’re getting the most out of your banking relationship with a complimentary Financial Review. |
