Media

News & Press Releases

Filter on: Idea Vault Regional Pulse News & Press Releases Webinar Clear Filter

American Riviera Bank Reports Continued Growth and Strong Earnings

News item October 31, 2018 by Michelle Martinich

This is an increase in net income from the $4,130,000 ($0.94 per share) reported for the previous fiscal year.  As a result of the Tax Cuts and Job Act enacted December 22, 2017, the Bank revalued its deferred tax assets and liabilities to account for the decrease in the federal corporate rate.  Th…

Continue Reading

American Riviera Bank Reports Record Quarterly Earnings

News item October 23, 2018 by Michelle Martinich

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. The Bank reported its best quarter ever with unaudited net income of $1,571,000 ($0.35 per…

Continue Reading

American Riviera Bank is pleased to announce that Jason Kaufman has been promoted to the position of Service Manager at…

News item October 16, 2018 by American Riviera Bank

Jason started his career in banking in Santa Barbara 10 years ago as a teller and has worked his way up in the industry while working as a personal banker and other similar positions at various financial institutions. He has experience with loans, lines of credit and other unique bank products. A…

Continue Reading

American Riviera Bank Employees Volunteer with Habitat for Humanity Building Carpinteria Homes

News item October 10, 2018 by American Riviera Bank

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 always looking for ways to…

Continue Reading

American Riviera Bank Donates to Foodbank of Santa Barbara County and Unity Shoppe to Assist Thomas Fire Victims

News item December 22, 2017 by American Riviera Bank

These donations will be matched by a grant from the Federal Home Loan Bank for a total gift of $10,000- $5,000 to each organization. The Federal Home Loan Bank of San Francisco is working with other financial institutions to support victims of wildfires and other natural disasters in California.“Ou…

Continue Reading

American Riviera Bank's Open House at the Goleta Branch a Success

News item October 24, 2017 by American Riviera Bank

The Goleta Branch, located at 5880 Calle Real, has grown substantially since it opened, and American Riviera Bank wishes to thank the community and its Goleta branch customers. American Riviera Bank CEO Jeff DeVine was joined at the ribbon-cutting by other bank officials as well as Goleta City Coun…

Continue Reading

American Riviera Bank Exceeds Half a Billion in Assets and Expands into SLO County

News item October 24, 2017 by Michelle Martinich

The Bank experienced significant organic growth in the last year, reporting $518 million in total assets as of September 30, 2017. Growth was driven by total deposits increasing 18% from September 30, 2016, reaching $462 million at September 30, 2017. Non-interest bearing demand deposits increased…

Continue Reading

American Riviera Bank Purchases Branch Building in Paso Robles

News item October 3, 2017 by American Riviera Bank

The building, located at 1601 Spring Street, will be American Riviera Bank’s first full-service bank branch in San Luis Obispo County. The Paso Robles branch is scheduled to open in early 2018. The Bank expects to open more branches between Santa Barbara and Paso Robles in the future, offering cust…

Continue Reading

American Riviera Bank's Laurie Leighty Wins Innovative Banker Award

News item September 27, 2017 by American Riviera Bank

The award is given by DCI, the developer of the iCore360® core banking software and related technologies for community banks nationwide.DCI is privately owned by a group of bank clients and established the annual award in 2014 to honor its founder, Nation Meyer, and his legacy of innovation and vis…

Continue Reading

Buy a Teddy Bear and Bank on Tomorrow

News item August 31, 2017 by American Riviera Bank

On display and for sale through September at the bank’s Santa Barbara branches, the soft teddy bears are available at teller stations for $15 each – with all proceeds going to the nonprofit Teddy Bear Cancer Foundation, which helps families with children battling cancer.The teddy bear sale supports…

Continue Reading