Blogs

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.

American Riviera Bank Reports Increased Earnings

Santa Barbara, California (July 25, 2016) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $1,425,000 ($0.33 per share) for the second quarter ended June 30, 2016, compared to the $362,000 ($0.13 per share) reported June 30, 2015. Pre-tax, unaudited, operating income excluding merger related costs and income for the six months ended June 30, 2016 was $3,654,000 ($0.85 per share), which is 136% better on a share adjusted basis than the $966,000 ($0.36 per share) achieved for the same reporting period last year prior to the merger.

American Riviera Bank names new SVP/Chief Credit Officer

Santa Barbara, California (July 25, 2016) – Eusebio Cordova has been named Senior Vice President/Chief Credit Officer at American Riviera Bank, according to Jeff DeVine, President and Chief Executive Officer of the community bank.

American Riviera Bank to mark 10-year anniversary

Santa Barbara, California (July 11, 2016) – With approximately 400 local shareholders to lay the foundation, American Riviera Bank opened its doors as a full-service community bank focusing on the lending and deposit needs of the area’s businesses and consumers. On July 18, the Bank will celebrate its 10th Anniversary.

And it has good reasons to celebrate, financial success and a rosy forecast for continued development among them.

Robert Mislang joins American Riviera Bank

Santa Barbara, California (July 11, 2016) – Robert Mislang is the new Vice President and Regional Banking Manager at American Riviera Bank, according to Jeff DeVine, President and CEO of the popular Santa Barbara-based community bank.

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