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American Riviera Bank Reports Benefits of Merger

Santa Barbara, California (April 27, 2016) – American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $176,000 ($0.04 per share) for the quarter ended March 31, 2016, compared to $443,000 ($0.17 per share) for the quarter ended March 31, 2015. Pre-tax, unaudited, operating income excluding merger related costs for the quarter ended March 31, 2016 was $1,652,000 ($0.38 per share), which is 41% better on a share adjusted basis than the $734,000 ($0.27 per share) achieved for the same reporting period last year prior to the merger.

American Riviera Bank Reports Merger and Growth

Santa Barbara, California (January 28, 2016) – American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $1,303,000 ($0.48 per share) for the year ended December 31, 2015, compared to $1,569,000 ($0.59 per share) for the year ended December 31, 2014. Pre-tax, unaudited, net income excluding merger related costs for the year ended December 31, 2015 was $3,022,000, which is 18% better than the $2,567,000 recorded for the same reporting period last year.

American Riviera Bank Announces Completion of the Merger of The Bank of Santa Barbara into American Riviera Bank

Santa Barbara, California (January 1, 2016) – American Riviera Bank (OTC Markets: ARBV) announced today that on January 1, 2016, it completed its previously announced merger with The Bank of Santa Barbara.

Shareholders Approve Merger

Santa Barbara, California (October 27, 2015) – American Riviera Bank (OTC Markets: ARBV) announced that its shareholders approved the merger with The Bank of Santa Barbara at its annual meeting today. The Bank of Santa Barbara separately approved the merger at a special meeting of its shareholders today. The merger is expected to close at the end of December 2015 subject to final regulatory approval.

American Riviera Bank and The Bank of Santa Barbara will transition to one name in early 2016

SANTA BARBARA, CALIF. Aug. 27, 2015 – Following the recent announcement of their definitive agreement to merge, American Riviera Bank and The Bank of Santa Barbara commissioned a locally based firm, Idea Engineering, to conduct a branding study.  As a result of the findings, both banks are excited to announce that the unanimous decision for the name of the merged bank will be: American Riviera Bank. 

American Riviera Bank Reports Strong Financials

Santa Barbara, California (July 21, 2015) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited pre-tax operating income of $763,000 for the second quarter ended June 30, 2015. This represents a 20% increase from the $635,000 generated during the same reporting period last year. Due to merger related costs of $160,000, the Bank reported unaudited net income of $362,000 ($0.13 per share) for the second quarter ended June 30, 2015.  This compares to $382,000 for the same quarter last year.

American Riviera Bank and The Bank of Santa Barbara to merge

SANTA BARBARA, CALIF. July 15, 2015 – American Riviera Bank (OTC Markets: ARBV) and The Bank of Santa Barbara jointly announced today that a definitive agreement to merge the two institutions has been signed. Once complete, the new bank will be the second largest community bank based in the City of Santa Barbara with assets of over $400 million. 

American Riviera Bank Reports Strong Start to 2015

Santa Barbara, California (April 22, 2015) – American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $443,000 ($0.17 per share) for the quarter ended March 31, 2015, a 55% increase as compared to $286,000 ($0.11 per share) for the quarter ended March 31, 2014.

American Riviera Bank Reports Profits and Growth

Santa Barbara, California (January 15, 2015) – American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $1,569,000 ($0.61 per share) for the year ended December 31, 2014, a 12% increase as compared to $1,401,000 ($0.55 per share) for the year ending December 31, 2013. Unaudited net income for the quarter ending December 31, 2014 was $535,000 ($0.21 per share) versus $198,000 ($0.08 per share) for the comparable quarter of 2013.

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