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American Riviera Bank’s Barbara Caballero-Muñoz Honored in Latino Business Awards
The Latino Business Awards, now in its eighth year, honors individuals from companies and organizations representing the leading segments in the tri-county economy. The awards recognize an honoree’s success record, dedication to community service, as well as their recognitions from other profession…
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American Riviera Bank Opens Full-Service Branch in Downtown San Luis Obispo
The new branch offers personal and business accounts, as well as business, commercial, real estate, agricultural, residential mortgage, construction and Small Business Administration (“SBA”) loans.President and CEO, Jeff DeVine said, “SLO is the perfect spot for us. It’s such a special town, with…
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American Riviera Bank Reports Record Quarterly Net Income
This represents a 31% increase in net income from the $1,352,000 ($0.31 per share) for the same reporting period in the prior year. The annualized return on average assets of 1.19% and return on average equity of 11.90% represent an increase from the 1.09% and 10.27%, respectively, achieved for the…
Continue ReadingJoanne Funari, honored amongst 50 Top Women for 11th year running
This is Joanne’s 11th consecutive year receiving the award which honors the 50 top women executives in financial services, technology, agribusiness, nonprofits and other fields.“It isn’t surprising that Joanne has been named one of the top 50 women in business again this year,” said American Rivier…
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Jeff DeVine, American Riviera Bank CEO named Executive of the Year
The awards are heralded as an opportunity to join over 700 business leaders at the largest networking event on the South Coast with proceeds benefiting the Scholarship Foundation of Santa Barbara. The event honors and recognizes companies and individuals for their commitment to the local community…
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American Riviera Bank Completes $8.5 Million Capital Raise
The shares of common stock were sold to institutional and select “accredited investors” as defined in Rule 501(a) of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a stock permit issued by the California Department of Business Oversight and an exemption…
Continue ReadingAmerican Riviera Bank Brings Community Banking Back to Downtown San Luis Obispo
“In the summer of 2017, we opened a loan production office in Paso Robles that has now become the fastest growing full-service bank branch in Paso, with a hand-picked, home-grown team, focused on the specific banking needs of the local community. Our plan for San Luis Obispo is exactly the same,”…
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American Riviera Bank VP Ann Hansen Named a Top 20 Under 40 Professional in 2019 SLO Tribune Competition
The Tribune received about 100 nominations for its fourteenth Top 20 Under 40 competition and Ann was selected by an independent panel of judges. She will be recognized at an award luncheon hosted by The Tribune on Thursday, February 7 at The White Barn in San Luis Obispo.Joining American Riviera…
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American Riviera Bank Reports over $600 Million in Assets
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. For the fourth quarter ended December 31, 2018, the Bank reported unaudited net income of…
Continue ReadingAmerican Riviera Bank Bestows the Prestigious Lutah Maria Riggs Award to Carl Palmer
American Riviera Bank, in partnership with the Santa Barbara chapter of the American Institute of Architects, was honored to serve as the annual sponsor of the Lutah Maria Riggs Award. The award this year honored Montecito resident Carl Palmer for his service to the community after the Jan. 9 debri…
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