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ARB's blog

American Riviera Bank VP Ann Hansen Named a Top 20 Under 40 Professional in 2019 SLO Tribune Competition

 

Paso Robles, California -  Ann Hansen, Vice President, Commercial and Agribusiness Banking Officer for American Riviera Bank, has been selected as a winner of the San Luis Obispo Tribune's Top 20 Under 40 annual award that recognizes young San Luis Obispo County professionals who have shown professional excellence and a commitment to community service.

American Riviera Bank Reports over $600 Million in Assets

Santa Barbara, California – American Riviera Bank (OTC Markets: ARBV) announced today record unaudited net income of $5,890,000 ($1.32 per share) for the year ended December 31, 2018. This represents a 67% increase in net income from the $3,536,000 ($0.80 per share) for the same reporting period in the prior year. The annualized return on average assets of 1.03% and return on average equity of 10.19% represent an increase from the 0.73% and 6.61%, respectively, achieved for the same reporting period in the prior year.

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.

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