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American Riviera Bank Reports Strong Growth and Expansion

Santa Barbara, California (July 19, 2019) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $3,274,000 ($0.65 per share) for the six months ended June 30, 2019. This represents a 16% increase in net income from the $2,827,000 ($0.64 per share) for the same reporting period in the prior year. The Bank reported an annualized return on average assets of 1.07% and return on average equity of 10.06%.

American Riviera Bank Welcomes Jen Napoli as Vice President, Regional Branch Banking Manager

Jenifer NapoliSanta Barbara, California - Jenifer Napoli joins American Riviera Bank (OTC Markets: ARBV) as Vice President, Regional Branch Banking Manager, where she will continue doing what she does best: building great teams and growing customer relationships. With 15 years of managerial experience in the region, Napoli’s expertise fits American Riviera Bank’s goals to deliver true community banking across our communities.

American Riviera Bank’s Barbara Caballero-Muñoz Honored in Latino Business Awards

Barbara Caballero-Munoz

Santa Barbara, CA - The Pacific Coast Business Times’ Latino Business Awards announced Barbara Caballero-Muñoz, VP, Loan Administrator at American Riviera Bank, as the honoree in the Banking & Finance category. The awards remarked on Caballero-Muñoz’s work ethic, contributions to the community, and her dedication to her family.

American Riviera Bank Opens Full-Service Branch in Downtown San Luis Obispo

Santa Barbara, CA, June 10, 2019 - American Riviera Bank is proud to announce the Grand Opening of its latest full-service branch, in Downtown San Luis Obispo at 1085 Higuera Street.  The new branch offers personal and business accounts, as well as business, commercial, real estate, agricultural, residential mortgage, construction and Small Business Administration (“SBA”) loans.

American Riviera Bank Reports Record Quarterly Net Income

American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $1,768,000 ($0.35 per share) for the quarter ended March 31, 2019. This represents a 31% increase in net income from the $1,352,000 ($0.31 per share) for the same reporting period in the prior year. The annualized return on average assets of 1.19% and return on average equity of 11.90% represent an increase from the 1.09% and 10.27%, respectively, achieved for the same reporting period in the prior year.

Joanne Funari, honored amongst 50 Top Women for 11th year running.

American Riviera Bank Executive Vice President and Chief Operating Officer, Joanne Funari has again been named one of the Top 50 Women in Business in Santa Barbara, San Luis Obispo and Ventura Counties by the Pacific Coast Business Times. This is Joanne’s 11th consecutive year receiving the award which honors the 50 top women executives in financial services, technology, agribusiness, nonprofits and other fields.

Jeff DeVine, American Riviera Bank CEO named Executive of the Year

Santa Barbara, CA - The South Coast Business & Technology Awards Committee announced that Jeff DeVine, President and CEO of American Riviera Bank, will be named Executive of the Year for 2019 at their awards event on Tuesday, June 4th. The awards are heralded as an opportunity to join over 700 business leaders at the largest networking event on the South Coast with proceeds benefiting the Scholarship Foundation of Santa Barbara. The event honors and recognizes companies and individuals for their commitment to the local community and economy.  

American Riviera Bank Completes $8.5 Million Capital Raise

Santa Barbara, California – American Riviera Bank (OTC Markets: ARBV) (the “Bank”) announced today that it has completed a capital raise of $8.5 million through the sale of 472,222 shares of common stock at a price of $18.00 per share. The shares of common stock were sold to institutional and select “accredited investors” as defined in Rule 501(a) of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a stock permit issued by the California Department of Business Oversight and an exemption from the Securities Act. 

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