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.
10/19/2017 - AMRB today reported net income of $1.1 million, or $0.17 per diluted share for the third quarter of 2017 compared to $1.8 million, or $0.27 per diluted share for the third quarter of 2016. For the nine months ended September 30, 2017, net income was $3.6 million or $0.55 per diluted share, compared to $4.5 million or $0.66 per diluted share for the nine months ended September 30, 2016.
10/19/2017 - AMRB today announced that the Board of Directors has approved an increase to the Stock Repurchase Program for 2017 (the “2017 Program”). In January 2017, the Board approved a 5% target for the 2017 Program. During the first six months of 2017, the Company successfully acquired 5% of its outstanding common stock (333,086 shares) at an average price of $14.99 per share. The increase authorizes the repurchase of up to an additional 5% of the outstanding shares of the Company’s common stock or approximately 319,624 shares, of the 6,392,480 shares outstanding as of September 30, 2017.
American River Bank serves clients throughout Northern California, including Sacramento, Roseville, Santa Rosa, Healdsburg and Jackson (Greater Sacramento Area, Sonoma County, Amador County, San Francisco Bay Area - South Bay, North Bay, and East Bay).
Mailing Address P.O. Box 276300
Sacramento, CA 95827-6300