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3/23/2018 - Sacramento, CA, March 23, 2018 – The Board of Directors of American River Bankshares (NASDAQ – GS: AMRB) today announced that it has appointed Nicolas Anderson to the American River Bankshares Board. In addition, the Company has also appointed Mr. Anderson to the Board of American River Bank.
“Nic’s successful track record in investment banking and financial services as well as his achievements in innovative digital arenas will add key insights to our Board of Directors,” said David E. Ritchie, Jr., President and CEO of American River Bankshares. “He is a strategic thought leader and his entrepreneurial experience will provide valuable insight and contribution to our Board of Directors.”
1/26/2018 - Sacramento, CA, January 25, 2018 – American River Bankshares (NASDAQ-GS: AMRB) today reported a net loss of $392,000, or ($0.06) per diluted share for the fourth quarter of 2017 compared to net income of $1.9 million, or $0.29 per diluted share for the fourth quarter of 2016. For the twelve months ended December 31, 2017, net income was $3.2 million or $0.50 per diluted share, compared to $6.4 million or $0.94 per diluted share for the twelve months ended December 31, 2016.
1/26/2018 - Sacramento, CA, January 25, 2018 – American River Bankshares (NASDAQ-GS: AMRB) today announced that the Board of Directors has approved and authorized a new Stock Repurchase Program for 2018 (the “2018 Program”). The 2018 Program authorizes the repurchase during 2018 of up to 5% of the outstanding shares of the Company’s common stock, or approximately 306,618 shares based on the 6,132,362 shares outstanding as of December 31, 2017.
1/18/2018 - American River Bankshares (NASDAQ-GS: AMRB) today announced its first quarter cash dividend of 5 cents per share ($0.05) payable on February 14, 2018 to shareholders of record on January 31, 2018.
1/10/2018 - American River Bank today announced that the American River Bank Foundation will be awarding $150,000 to 20 nonprofit organizations in Northern California.
1/5/2018 - SACRAMENTO, Calif, Jan. 5, 2018 – American River Bank and American River Bankshares [NASDAQ-GS: AMRB] today announced that Loren Hunter, who has served American River Bank as Executive Vice President & Chief Credit Officer since 2014, is stepping down from his position.
12/7/2017 - SACRAMENTO, Calif, December 7, 2017 – American River Bank and American River Bankshares [NASDAQ-GS: AMRB] today announce the appointment of Dennis Raymond to the newly created role of Executive Vice President and Chief Lending Officer. Mr. Raymond will oversee the loan production for the Company.
10/27/2017 - SACRAMENTO, Calif, Oct. 27, 2017 – American River Bank and American River Bankshares today announced that David Taber, who has served American River Bank as Chief Executive Officer since 2004, is stepping down from his post. Taber has held leadership positions with American River Bank since 1985, serving on the boards of both the Bank and its parent company, American River Bankshares.
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