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ICBA Honors American Riviera Bank for Exceptional Service During COVID-19

Washington, D.C. (Sept. 1, 2020)—The Independent Community Bankers of America (ICBA) announced American Riviera Bank (OTC Markets: ARBV) as a recipient of its 2020 National Community Bank Service Award for extraordinary efforts to help small businesses, consumers and their communities amid the COVID-19 pandemic.

“We are a proud member of this community, which serves as a lifeline for every small business that calls the Central Coast home,” said Jeff DeVine, President and CEO at American Riviera Bank in Santa Barbara, CA. “We are grateful for the opportunity to support our friends and neighbors and humbled by this recognition from ICBA for doing what we’ve always done—supporting our community through good times and adversity.”

As consumers and small businesses grappled with the onset of COVID-19, American Riviera Bank stepped up as a financial first responder and steward of its community by:

  • Working around the clock to provide Small Business Administration’s Paycheck Protection Program (PPP) assistance, processing over 600 loans totaling $117 million to save an estimated 12,500 jobs.
  • Employees volunteering their time to provide virtual financial literacy classes for children from kindergarten through eighth grade for the entire month of April, and over the summer as part of summer camp programs.
  • Providing online webinars and Q&A in support of topics such as elder financial abuse, the PPP loan application process, and PPP Loan Forgiveness.
  • Producing podcasts with local small businesses on how they are innovating in these unprecedented times, in addition to blog posts and materials on topics such as COVID-related scams shared through social media and on their website.
  • Donating money in support of essential workers, businesses, local charities, and those in need, including obtaining matching grants through the Federal Home Loan Bank for local foodbanks and neighborhood clinic.

“ICBA is proud to honor the extraordinary dedication and commitment of community bankers, whose spirit of service shined through when our country needed it most,” said ICBA President and CEO Rebeca Romero Rainey. “We are so fortunate to represent such thoughtful and compassionate community leaders, and we commend their efforts to go above and beyond, even during times of challenge.”

The 2020 National Community Bank Service Awards, presented by ICBA and sponsored by FIS, generated more than 100 inspirational stories from community banks like American Riviera Bank, a sampling of which is showcased in the September issue of ICBA’s award-winning magazine, Independent Banker.

ICBA founded the National Community Bank Service Awards program in 2002 to celebrate outstanding volunteer efforts and bring national recognition to the unmatched contributions community banks make to help sustain their communities.

About American Riviera Bank

American Riviera Bank is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers on the Central Coast of California. The state-chartered bank opened for business on July 18, 2006, with the support of local shareholders. Full-service branches are located in Santa Barbara, Montecito, Goleta, San Luis Obispo and Paso Robles. The Bank provides commercial, residential mortgage, construction and Small Business Administration lending services as well as convenient online and mobile technology.  For ten consecutive years the Bank has been recognized for strong financial performance by the Findley Reports, and has received the highest “Super Premier” rating from Findley every year since 2016.  As of March 31, 2020, the Bank was rated five stars by BauerFinancial. The Bank was rated “Outstanding” by the Federal Deposit Insurance Corporation in 2020 for its performance under the Community Reinvestment Act.

American Riviera Bank
www.americanrivierabank.com
805-965-5942
Rechelle Ringer

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org. 

 

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