Blogs

American Riviera Bank Approaches Half a Billion in Assets

SANTA BARBARA, CALIFORNIA (July 25, 2017) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $2,118,000 ($0.48 per share) for the six months ended June 30, 2017, an increase from $1,606,000 ($0.37 per share) for the first six months of 2016.

American Riviera Bank Expands into Paso Robles with Loan Production Office

SANTA BARBARA, CA (July 11, 2017) - American Riviera Bank (OTC Markets: ARBV) is pleased to announce its expansion into San Luis Obispo County, with the opening of a new loan production office in Paso Robles.

The new loan production office will open on August 7, 2017 at 205 Oak Hill Road, Suite 106, in The Highlands Shopping Center. The office will provide business, commercial real estate, agricultural, residential mortgage, construction, and Small Business Administration loans.

American Riviera Bank Small Business Administration Loans

SANTA BARBARA, CALIF. (June 22, 2017) - If it has always been your dream to launch and run your own business, what are you waiting for? Want to buy a commercial building that your business will occupy with as little as 10 percent down?

American Riviera Bank Recognized as a “Super Premier” Performing Bank

SANTA BARBARA, CALIF. (May 26, 2017) – American Riviera Bank (OTC Markets: ARBV) has been awarded a Super Premier performing designation for 2016 by The Findley Reports. The Super Premier performing rating is the highest possible rating for a California community bank to attain.

American Riviera Bank Experiences Continued Growth

Santa Barbara, California (April 20, 2017) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $956,000 ($0.22 per share) for the first quarter ended March 31, 2017, which represents a 426% increase from the $182,000 ($0.04 per share) reported for the first quarter ended March 31, 2016.  The Bank reported an annualized return on average assets of 0.91% and return on average equity of 7.88%, which represents an increase from the 0.20% and 1.88%, respectively, achieved for the same reporting period prior year.

Santillan Named Service Manager at American Riviera Bank Goleta

Santa Barbara, California (February 22, 2017) - American Riviera Bank has named Sasha Santillan as service manager of its Goleta branch, said Joanne Funari, executive vice oresident and COO of the community bank. In her new position, Santillan will be responsible for managing the day-to-day operations of the branch ensuring accuracy and efficiency, and upholding customer service standards. “Sasha’s position also entails community

American Riviera Bank Merger Benefits Clients, Community and Shareholders

Santa Barbara, California (January 30, 2017) – American Riviera Bank (OTC Markets: ARBV) announced today record unaudited net income of $4,130,000 ($0.94 per share) for the year ended December 31, 2016, compared to the $1,303,000 ($0.48 per share) reported for the previous fiscal year prior to the merger. For the fourth quarter ended December 31, 2016, unaudited net income was $1,115,000 ($0.25 per share), as compared to the $365,000 ($0.14 per share) achieved for the same reporting period last year prior to the merger.

American Riviera Bank names Darren Doi Team Leader

American Riviera Bank has named Darren Doi as commercial team leader for its business lending operations, said Joanne Funari, executive vice president and COOof the community bank. Doi’s new title is vice president, commercial team leader.

“In Darren’s team leader role, he supervises a team of lenders who service the credit needs of the Santa Barbara community,” Funari said. “His team specializes in business, commercial real estate and construction loans.”

American Riviera Bank Announces Staff Changes at the Downtown Santa Barbara Branch

Santa Barbara, Calif. - American Riviera Bank would like to announce that Stevie Balfour-Ritchie, the longtime Service Manager at the Downtown Santa Barbara Branch, has moved into the new role as Client Relationship Manager, and Laurra Mitchell has taken his place as the branch’s new Service Manager.
 

American Riviera Bank Achieves Financial Synergies of Merger

American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $1,409,000 ($0.32 per share) for the third quarter ended September 30, 2016, compared to the $133,000 ($0.05 per share) reported September 30, 2015. For the nine months ended September 30, 2016 unaudited net income was $3,015,000 ($0.69 per share), as compared to the $938,000 ($0.35 per share) achieved for the same reporting period last year prior to the merger.

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