American River Bankshares (AMRB) offers its customers a broad spectrum of services to meet their daily banking needs in the Greater Sacramento, California area. Trading on NASDAQ, this financial services company has its main headquarters in Rancho Cordova. They are part of the Regional-Pacific Banks sector and have a market capitalization of $96M.
AMRB is the parent company of American River Bank (ARB), a community business bank located in Sacramento and Placer Counties. They are also the parent company of North Coast Bank in Sonoma County, and Bank of Amador in Amador County. They have eleven branches– five American River, three North Coast, and three Amador.
AMRB’s bank network accepts checking and savings deposits and offers money market deposit accounts. They also offer secured and unsecured commercial and residential loans, various other installment and term loans, and certificates of deposit. AMRB is also a provider of online banking services, online bill paying services, and Visa check card services.
This past March, AMRB announced a first quarter 2008 cash dividend of .15 per share to its shareholders. Their stock dividend plan began in 1992, and their quarterly cash dividend plan began in 2004. AMRB had a 3 for 2 stock split in 2003. American River Bankshares started in 1983 and today has total assets of $574M.
AMRB feels the future of the company lies in growing their relationship banking. They believe growth in this area will come from concentrating on core deposits and common-sense loans. They continue to offer their array of financial services to businesses and homes across the Greater Sacramento area with their team of employees engaged in focused customer service.
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