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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. 

American Riviera Bank Reports Profit and Opening of Montecito Branch

Santa Barbara, California (April 23, 2013) – American Riviera Bank (OTC BB: ARBV.OB) announced today unaudited net income of $339,000 ($0.13 per share) for the quarter ended March 31, 2013. Pre-tax income for the quarter increased 105% to $563,000 at March 31, 2013 compared to the $275,000 reported for the quarter ended March 31, 2012.

American Riviera Bank Reports Strong Growth and Innovative Technology

Santa Barbara, California (April 23, 2014) – American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $286,000 ($0.11 per share) for the first quarter ended March 31, 2014.

American Riviera Bank Reports Record Year

Santa Barbara, California (January 24, 2014) – American Riviera Bank (OTC BB: ARBV.OB) announced unaudited net income of $1,401,000 ($0.55 per share) for the year ended December 31, 2013, a 17% increase as compared to $1,193,000 ($0.47 per share) for the year ending December 31, 2012.

American Riviera Bank Reports Strong Quarterly Profit

Santa Barbara, California (October 22, 2013) – American Riviera Bank (OTC BB: ARBV.OB) announced today unaudited net income of $473,000 ($0.19 per share) for the third quarter ended September 30, 2013, a 38% increase from the same quarter last year. For the nine months ending September 30, 2013, the Bank reported unaudited net income of $1,203,000 ($0.47 per share), a 49% improvement from the $807,000 for the same reporting period last year.

American Riviera Bank’s Jeff DeVine appointed to board of California Independent Bankers

Jeff DeVine, president and CEO of Santa Barbara-based American Riviera Bank, has been appointed as a member of the California Independent Bankers (CIB) board of directors. As a board member, Mr. DeVine will help direct and support CIB’s functions and activities on behalf of community banks in California. CIB is a not-for-profit trade association, politically active on behalf of more than 120 financial institutions in California.

American Riviera Bank Reports Profitable Growth

Santa Barbara, California (July 18, 2013) – American Riviera Bank (OTC BB: ARBV.OB) announced today unaudited net income of $391,000 ($0.15 per share) for the quarter ended June 30, 2013 and $730,163 ($0.29 per share) for the six months ended June 30, 2013. Pre-tax income for the quarter increased 68% to $649,000 at June 30, 2013 compared to the $386,000 reported for the quarter ended June 30, 2012. Pre-tax income for the first six months of 2013 was $1,211,334 an 83% improvement from the $660,928 reported for the first six months of 2012.

Teen Checking Accounts at Community Banks

For teenagers, who may be starting their first jobs and earning their own money for the first time, developing banking smarts is critical to being successful in personal finance. All kids eventually grow up, and your teen could grow up to be a strong, independent adult by developing strong financial skills early in life.

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