Robert H. Muttera Named Chief Credit Officer at American River Bank
Sacramento, CA January 3, 2012 – American River Bankshares [NASDAQ – GS: AMRB], the parent company of American River Bank, a community business bank serving the Greater Sacramento Area and Counties of Placer, Sonoma and Amador, today announced that Robert H. Muttera has been named Executive Vice President and Chief Credit Officer. Mr. Muttera will join the team on February 1, 2012, replacing Douglas E. Tow, who is retiring from the Company in March 2012.
Mr. Muttera will be responsible for leading American River Bank’s Underwriting and Special Assets Departments as well as working with the Commercial Banking and Retail Banking teams to increase loan totals.
“Management turnover is rare for us, but when it happens, we endeavor to find replacements that raise the bar on our Company’s capabilities and the addition of Bob to our team accomplishes that goal,” said David T. Taber, President and CEO of American River Bankshares. “Bob brings valuable experience from his days as a Chief Credit Officer and as an executive with a lender advisory firm helping both community and national banks work through credit challenges.”
Mr. Muttera has over 32 years of industry experience, most recently as Senior Vice President at Preferred Capital Advisors, a full-service commercial real estate advisory firm and as Director at Redding Bank of Commerce. He was previously Executive Vice President and Chief Credit Officer at Placer Sierra Bank prior to its acquisition by Wells Fargo Bank.
About American River Bankshares
American River Bankshares [NASDAQ – GS: AMRB] 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 916-851-0123 or visit www.amrb.com; www.americanriverbank.com; www.northcoastbank.com; or www.bankofamador.com.
Diana La Point
American River Bankshares
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