AMRB Announces a 5% Stock Repurchase Program for 20171/26/2017
—AMRB today announced that the Board of Directors has approved and authorized a new Stock Repurchase Program for 2017 (the “2017 Program”). The 2017 Program authorizes the repurchase during 2017 of up to 5% of the outstanding shares of the Company’s common stock, or approximately 333,086 shares based on the 6,661,726 shares outstanding as of December 31, 2016.
AMRB Resumes Quarterly Cash Dividend at $0.05 Per Share 1/26/2017
—AMRB today announced that the Board of Directors has declared a quarterly cash dividend on the Company’s common stock in the amount of $0.05 per share, payable on February 22, 2017 to shareholders of record on February 8, 2017.
AMRB Reports Fourth Quarter 2016 Results 1/26/2017
—AMRB today reported net income of $1.9 million, or $0.29 per diluted share for the fourth quarter of 2016 compared to $1.5 million, or $0.20 per diluted share for the fourth quarter of 2015. For the twelve months ended December 31, 2016, net income was $6.4 million or $0.94 per diluted share, compared to $5.3 million or $0.70 per diluted share for the twelve months ended December 31, 2015.
American River Bankshares Schedules its Quarterly Conference Call1/19/2017
—AMRB today announced that it will host a conference call on Thursday, January 26, 2017 at 1:30 p.m. Pacific Time to discuss fourth quarter 2016 financial results.
American River Bank Foundation Donates $130,000 to Nonprofit Organizations1/18/2017
—American River Bank announced that the American River Bank Foundation will be awarding $130,000 to 15 nonprofit organizations in Northern California.