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American Riviera Bank Reports Assets Exceeding $1 Billion

News item April 26, 2021 by Michelle Martinich

The Bank achieved record unaudited net income of $2,560,000 ($0.50 per share) for the three months ended March 31, 2021. This represents a 119% increase in net income from the $1,171,000 ($0.23 per share) for the same reporting period in the prior year, and an 8% increase in net income from the $2,…

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American Riviera Bank’s Lights, Camera, Save! Local Winner Selected as National Finalist

News item March 18, 2021 by American Riviera Bank

Wong is one of eight students selected to compete for several awards, including a $5,000 grand prize. The finalists will face off in a bracket-style tournament hosted on ABA’s Instagram page from March 23 to 25. Viewers will have the opportunity to vote for their favorite video to make it to the ne…

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American Riviera Bank Reports Record Earnings and Growth

News item January 28, 2021 by Michelle Martinich

“American Riviera Bank is proud to serve an important role in providing economic stability to the Santa Barbara and San Luis Obispo counties while also reporting strong earnings to our shareholders. During these unprecedented times, the Bank originated tremendous SBA PPP loan volume while still gro…

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American Riviera Bank Reports Earnings and Growth

News item October 26, 2020 by Michelle Martinich

The Bank reported record unaudited net income of $2,264,000 ($0.45 per share) for the third quarter ended September 30, 2020. This represents a 46% increase from the $1,547,000 ($0.31 per share) for the same quarter last year.“Despite significant uncertainty in the economy, the Bank generated recor…

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ICBA Honors American Riviera Bank for Exceptional Service During COVID-19

News item September 1, 2020 by American Riviera Bank

“We are a proud member of this community, which serves as a lifeline for every small business that calls the Central Coast home,” said Jeff DeVine, President and CEO at American Riviera Bank in Santa Barbara, CA. “We are grateful for the opportunity to support our friends and neighbors and humbled…

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American Riviera Bank Reports on Earnings and Paycheck Protection Program

News item July 27, 2020 by Michelle Martinich

The Bank reported an annualized return on average assets of 0.72% and return on average equity of 7.23%. The variance from prior year is primarily due to an increase in the allowance for loan losses related to COVID-19 pandemic economic uncertainty, with the Bank reporting $1,493,000 in loan loss…

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American Riviera Bank Reports Earnings and Community Support

News item April 28, 2020 by Rechelle Ringer

The Bank reported an annualized return on average assets of 0.67% and return on average equity of 6.27%. The variance from prior year is attributed to conservative risk management practices with the Bank providing $783,000 in allowance for loan losses primarily due to anticipated economic impacts…

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Pandemic Response Plans and the Silver Lining

News item April 17, 2020 by Regional Pulse Podcast

Executive Vice President, Chief Compliance and Risk Officer, Laurel Sykes and Paul Abramson, Executive Vice President, Chief Technology Officer, discuss pandemic response and how what we are doing now can shape the future. Regional Pulse Podcast

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American Riviera Bank’s Teen Savings Champion Wins National Video Contest

News item February 26, 2020 by American Riviera Bank

The “Lights, Camera, Save!” video contest encouraged teens ages 13 to 18 to create an educational video showing how to save and use money wisely in a way that was appealing to other teenagers. Teens submitted videos to their local participating banks who were tasked with promoting a local winner to…

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American Riviera Bank Reports Growth and Earnings

News item January 28, 2020 by Michelle Martinich

The Bank reported an annualized return on average assets of 0.97% and return on average equity of 9.01%. The Bank reported unaudited net income of $1,572,000 ($0.31 per share) for the fourth quarter ended December 31, 2019 compared to $1,492,000 ($0.33 per share) for the same quarter last year. Sha…

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