American River Bank Announces Leadership Change 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.
AMRB Reports Third Quarter 2017 Results10/19/2017
—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.
AMRB Expands its Stock Repurchase Program for 201710/19/2017
—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.
AMRB Announces its Fourth Quarter Cash Dividend10/19/2017
—AMRB today announced its fourth quarter cash dividend of 5 cents per share ($0.05) payable on November 15, 2017 to shareholders of record on November 1, 2017.
American River Bankshares Schedules its Quarterly Conference Call10/12/2017
—AMRB today announced that it will host a conference call on Monday, October 23, 2017 at 1:30 p.m. Pacific Time to discuss third quarter 2017 financial results.