American River Bankshares Announces Re-election of Directors and the Ratification of Perry-Smith LLP as Independent Public Accountants
Sacramento, CA, May 19, 2006 – The Board of Directors of American River Bankshares (Nasdaq: AMRB), announced the re-election of four Directors at the Annual Meeting held yesterday at North Ridge Country Club, 7600 Madison Avenue, Fair Oaks, California.
Shareholders re-elected Charles D. Fite, David T. Taber, Stephen H. Waks and Michael A. Ziegler as Director, each of whose current term expired at the 2006 Annual Meeting. All new terms will expire in 2008. Directors continuing in office through 2007 are Amador S. Bustos, Robert J. Fox, William A. Robotham and Roger J. Taylor, DDS.
Additionally, the selection of Perry-Smith LLP as independent public accountants for American River Bankshares was ratified by a majority of votes cast. Perry-Smith LLP has served as independent public accountants for the Company since 1990.
In his annual report to shareholders, David Taber, President and CEO of American River Bankshares, said: “Year after year, I address shareholders and clients with the same story. American River Bankshares’ success is reliant on our ability to build relationships and so our Company’s strategy remains focused on attracting and retaining the best people to provide each of our clients with high-quality financial solutions and exceptional service”.
He continued: “A softening real estate market and a flat yield curve are industry challenges that we’ll face in 2006. But we believe that our consistent approach to smart growth and solidly underwritten loans will serve us well in the years to come”.
About American River Bankshares
American River Bankshares is the parent company of American River Bank (“ARB”), a community business bank serving Sacramento, CA that operates a family of financial services providers, including North Coast Bank [a division of “ARB”] in Sonoma County and Bank of Amador [a division of “ARB”] in Amador County. For more information, please call 916-565-6100 or visit www.amrb.com; www.americanriverbank.com; www.northcoastbank.com; or www.bankofamador.com.
American River Bankshares
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