American River Bankshares Announces its Third Quarter Cash Dividend7/19/2018
—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.
American River Bankshares Reports Second Quarter 2018 Results 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.”
American River Bankshares Schedules its Quarterly Conference Call7/10/2018
—SACRAMENTO, CA, July 10, 201
8 – American River Bankshares (NASDAQ-GS: AMRB) today announced that it will host a conference call on Friday, July 20, 2018 at 10:30 a.m. Pacific Time to discuss second quarter 2018 financial results.
American River Bankshares Announces its 2018 Annual Meeting Results5/21/2018
—Sacramento, CA, May 18, 2018
– The Board of Directors of American River Bankshares (NASDAQ – GS: AMRB), announced the election of all nine Director nominees at its Annual Meeting held Thursday, May 17th in Rancho Cordova, California.
Shareholders elected Nicolas C. Anderson, Kimberly A. Box, Charles D. Fite, Jeffery Owensby, William A. Robotham, David E. Ritchie, Jr. Stephen H. Waks, Philip A. Wright, Michael A. Ziegler as Directors, each of whose current term expired at the 2018 Annual Meeting and their new term will expire in 2019.
Dan McGregor Named Chief Credit Officer at American River Bank5/3/2018
—SACRAMENTO, CA May 3, 2018
– American River Bankshares [NASDAQ – GS: AMRB], the parent company of American River Bank, today announced that Dan McGregor has been named Executive Vice President and Chief Credit Officer. McGregor will be responsible for the management of credit evaluation and risk analytics for lending at American River Bank, including underwriting, loan review process and policy and risk management.