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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.

American Riviera Bank Expands Market Share

Santa Barbara, California (October 16, 2014) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $365,000 ($0.14 per share) for the third quarter ended September 30, 2014, a decrease from the $473,000 ($0.19 per share) for the third quarter of 2013. For the nine months ending September 30, 2014, the Bank reported unaudited net income of $1,033,000 ($0.40 per share), down from the $1,203,000 ($0.47 per share) for the same reporting period last year.

American Riviera Bank hits $200M in assets

American Riviera Bank reports that total assets passed $200 million for the first time in the institution's eight-year history.

The community bank reached $217 million in total assets for the quarter ending June 30, 2014, which represents a 20 percent increase from the previous year, said company officials.

"Hitting $200 million was tremendously exciting," said Michelle Martinich, senior vice president and chief financial officer. "We had really great loan demand and a big increase in deposits from new accounts and current clients" in the second quarter.

American Riviera Bank Exceeds $200 Million in Assets

Santa Barbara, California (July 23, 2014) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $382,000 ($0.15 per share) for the second quarter ended June 30, 2014, and $668,000 ($0.26 per share) for the six months ended June 30, 2014. The Bank’s focus on building relationships and addressing the lending and deposit needs of our community has also resulted in strong growth in assets. The Bank reached $217 million in total assets at June 30, 2014, which represents a 20% increase from June 30, 2013. 

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