American Riviera Bank opened for business on July 18, 2006 in Santa Barbara, California with the support of approximately 400 local shareholders. The Bank is a full service community bank, focused on serving the lending and deposit needs of businesses and consumers in our community. The Bank has two branches, located downtown Santa Barbara and in the upper village of Montecito.
As a state-chartered non-member bank, the Bank is subject to regulation by the California Department of Business Oversight (the “DBO”), and the Federal Deposit Insurance Corporation (the “FDIC”). The Bank’s deposits are insured by the FDIC up to applicable legal limits.
American Riviera Bank is the premier relationship bank in the greater Santa Barbara area by consistently and responsively delivering innovative solutions to our customers from local bankers empowered to make decisions. Our customers, employees, shareholders and community are the beneficiaries of our integrity, professionalism, teamwork and flexibility.
In Santa Barbara, there’s certainly no shortage of banks to choose from. It’s hard to go a block downtown without passing at least one bank. Although on the surface they all seem similar (each boasts a nice lobby, an ATM outside, and similar rates), we hope you’ll take just a few minutes to learn why we are different. It starts at the top with access to our President and our experienced banking team. With us, you’ll find it’s possible to actually feel good about your bank.
Where does your money go?
One of the big differences between banks is where your deposits go. At American Riviera Bank, we don’t send your money off to Wall Street like other banks do. We keep it right here in your backyard in the form of loans to you, your neighbors, and local small businesses. When you bank with us, your money plays a significant role in supporting the local economy.
Who will be helping you?
We understand that a lot of your banking can be done with technology (online banking, ATM, remote deposit, mobile banking - we have all the latest and greatest). But there will come a time (usually a critical one) when technology won’t do, and you need a real person. That’s when you’ll appreciate our size. We don’t have the layers that other banks do. You don’t have to navigate through automated voice menu systems trying to find someone to help you. At American Riviera Bank, you deal directly with bankers who know you personally, and have the expertise and authority to make things happen—quickly.
Is your money safe here?
Since we opened our doors, we’ve followed a simple, low-risk community banking approach: accepting deposits and issuing loans to the local community. We could have pursued more exotic, potentially higher return investments, but not without exposing our customers’ money to higher risk. Our decision to play it safe, and local, is exactly what you’d expect from a true community bank. While customers at other banks are worrying about the health and future of their bank, our Tier 1 capital ratio is well above the amount required by bank regulators to be considered well capitalized. So the answer is “yes”, your money is safe at American Rivera Bank.