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News

American Riviera Bank Reports Record Quarterly Earnings

Santa Barbara, California (October 23, 2018) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $4,398,000 ($0.99 per share) for the nine months ended September 30, 2018. This represents a 26% increase in net income from the $3,501,000 ($0.80 per share) for the same reporting period in the prior year. The annualized return on average assets of 1.06% and return on average equity of 10.38% represents an increase from the 0.99% and 8.92%, respectively, achieved for the same reporting period in the prior year.

American Riviera Bank Employees Volunteer with Habitat for Humanity Building Carpinteria Homes

CARPINTERIA, CA - American Riviera Bank employees enjoyed their time volunteering to help build new homes with Habitat for Humanity for three local families in need.

Habitat for Humanity of Southern Santa Barbara County is building an affordable home project. The new homes will house three families, including eight children. The three, three-bedroom townhomes are for low-income and very low-income residents.

American Riviera Bank is pleased to announce that Jason Kaufman has been promoted to the position of Service Manager at the bank’s Montecito branch.

MONTECITO, CALIFORNIA - Jason has been with American Riviera Bank since October of 2016. He previously served as the Client Relationship Manager and as a Financial Services Representative for the bank at the Downtown Santa Barbara office. This new position will allow Jason to continue to expand on his six years of management experience.

American Riviera Bank Welcomes Sonja Smith as New Vice President/Human Resources Director

SANTA BARBARA, CALIFORNIA - Sonja Smith has joined American Riviera Bank as the new Vice President/Human Resources Director.

Sonja brings over 15 years of skills and experience in human resources and recruitment to the Bank. She is an expert in offering guidance and leadership. She will focus on projects, training and development; recruiting; compensation; performance management; and employee engagement.

Her role at American Riviera Bank is critical as the Bank hires and replaces from within, recruits from the outside, and grows locations. 

American Riviera Bank Reports Growth and Earnings

SANTA BARBARA, CALIFORNIA - American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $2,827,000 ($0.64 per share) for the six months ended June 30, 2018. This represents a 33% increase in net income from the $2,118,000 ($0.48 per share) for the same reporting period in the prior year. The annualized return on average assets of 1.08% and return on average equity of 10.37% represents an increase from the 0.95% and 8.40%, respectively, achieved for the same reporting period in the prior year.

American Riviera Bank Increases Earnings with Expansion

SANTA BARBARA, CALIFORNIA – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $1,352,000 ($0.31 per share) for the three months ended March 31, 2018. This represents a 41% increase in net income from the $956,000 ($0.22 per share) reported for the first three months of 2017. The annualized return on average assets of 1.09% and return on average equity of 10.27% represents an increase from the 0.91% and the 7.88%, respectively, achieved for the same reporting period prior year.

American Riviera Bank Branch in Paso Robles Welcomes New Assistant Vice President/Residential Lending Officer

PASO ROBLES, CALIFORNIA -  American Riviera Bank is pleased to announce that Tara Tedeschi, a San Luis Obispo County native with 12 years of experience in the financial industry, has been hired as an Assistant Vice President/Residential Lending Officer at the bank’s new Paso Robles branch. Tedeschi will serve as a full-time residential lender at the Paso Robles branch that opened the first week of March of this year at 1601 Spring Street.

American Riviera Bank opens new branch in Paso Robles

PASO ROBLES, CALIFORNIA - American Riviera Bank (OTC Markets:  “ARBV”) is pleased to announce that its new full-service branch in Paso Robles opened for business on February 26, 2018, furthering the Bank’s commitment to serving customers in San Luis Obispo County.

American Riviera Bank Reports Continued Growth and Strong Earnings

SANTA BARBARA, CALIFORNIA (JANUARY 31, 2018) – American Riviera Bank (OTC Markets: ARBV) announced today that excluding a nonrecurring charge to tax expense, the Bank reported unaudited net income of $4,655,000 ($1.06 per share), a 0.96% return on average assets and an 8.70% return on average equity for the year ended December 31, 2017.

American Riviera Bank Donates to Foodbank of Santa Barbara County and Unity Shoppe to Assist Thomas Fire Victims

SANTA BARBARA, CALIFORNIA (DECEMBER 22, 2017) – Seeking to help people in the local community it serves, American Riviera Bank is donating $5,000 to be shared equally by the Unity Shoppe and the Foodbank of Santa Barbara County to help victims of the Thomas Fire.

These donations will be matched by a grant from the Federal Home Loan Bank for a total gift of $10,000- $5,000 to each organization. The Federal Home Loan Bank of San Francisco is working with other financial institutions to support victims of wildfires and other natural disasters in California.

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