American River Bankshares Announces the Results of their 2013 Annual Meeting
Sacramento, CA, May 17, 2013 – The Board of Directors of American River Bankshares (NASDAQ – GS: AMRB), announced the re-election of all nine Directors at their Annual Meeting held Thursday, May 16h in Rancho Cordova, California.
Shareholders re-elected Kimberly A. Box, Charles D. Fite, Robert J. Fox, William A. Robotham, David T. Taber, Dr. Roger J. Taylor, Stephen H. Waks, Philip A. Wright and Michael A. Ziegler as Directors, each of whose current term expired at the 2013 Annual Meeting and their new term will expire in 2014.
The shareholders also approved the advisory vote concerning named executive officer compensation. In addition, the selection of Crowe Horwath LLP as independent registered public accountants for American River Bankshares was ratified by a majority of votes cast. Crowe Horwath LLP, formally Perry-Smith LLP, has served the Company since 1990.
In his address to shareholders, David Taber, President and CEO of American River Bankshares, discussed the Company’s performance and strategic direction.
“Over the last couple of years, American River Bank has been taking a long term strategic approach to improving credit quality while making the necessary investments in our infrastructure and people in order to grow our franchise value,” said Taber. “While our efforts are building momentum, we continue to face headwinds in our primary marketplace, which we are addressing with a results-oriented, client-focused sales team and expansion into the more economically robust market of the San Francisco Bay Area.”
To view the American River Bankshares 2012 Annual Report, Giving Business More Reach, visit www.envisionreports.com/AMRB
About American River Bankshares
American River Bankshares is the parent company of American River Bank, a regional bank serving Northern California since 1983. We give business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and services. Our honest approach, commitment to community and focus on profitability is intended to lead our clients to greater success. For more information, call (800) 544-0545 or visit AmericanRiverBank.com.
Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Actual results may differ materially from the results in these forward-looking statements. Factors that might cause such a difference include, among other matters, changes in interest rates, economic conditions, governmental regulation and legislation, credit quality, and competition affecting the Company’s businesses generally; the risk of natural disasters and future catastrophic events including terrorist related incidents; and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, and in subsequent reports filed on Form 10-Q and Form 8-K. The Company does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or otherwise, except as required by law.
Diana La Point
American River Bankshares
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