Santa Barbara, California (July 11, 2016) – With approximately 400 local shareholders to lay the foundation, American Riviera Bank opened its doors as a full-service community bank focusing on the lending and deposit needs of the area’s businesses and consumers. On July 18, the Bank will celebrate its 10th Anniversary.
And it has good reasons to celebrate, financial success and a rosy forecast for continued development among them.
There’s no secret to its success. Jeff DeVine, President and Chief Executive Officer of American Riviera Bank, explains, “ A big difference between banks is where customers’ deposits go. At American Riviera Bank, we don’t send money to Wall Street like other banks do. We keep it right here in the form of loans to customers, our neighbors, and local small businesses. When you bank with us, your money plays a significant role in supporting the local economy.”
From its humble downtown location, American Riviera Bank now has three branches, full-service mortgage and SBA lending departments, and the latest online and mobile banking technology. Additionally, the bank employs over 60 experienced and local bankers. American Riviera Bank offices are located at 525 San Ysidro Road in Montecito, 1033 Anacapa Street in Santa Barbara (headquarters), and 5880 Calle Real in Goleta (with drive-through banking). American Riviera Bank completed its merger with the Bank of Santa Barbara on Jan. 1.
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