American Riviera Bnk (ARBV) 10.6500 $ARBV
Horgan, Rosen, Beckham & Coren, L.L.P. Served as Legal Counsel to American Riviera Bank in its merger with The Bank of Santa Barbara
GlobeNewswire - Thu Jul 30, 10:00AM CDT
Horgan, Rosen, Beckham & Coren, L.L.P., (HRBC), served as legal counsel to American Riviera Bank (OTC:ARBV), a commercial bank headquartered in Santa Barbara, California, in connection with its merger with The Bank of Santa Barbara. This merger combines two of the leading community banks in the South Coast region and will result in the second largest community bank based in the City of Santa Barbara with combined assets of over $400 million. The combination of these two financial institutions will benefit the entire Santa Barbara community as the resulting bank will have additional branch locations, expanded product offerings, state of the art technology, and top notch customer service.
American Riviera Bank Reports Strong Financials
Business Wire - Tue Jul 21, 6:45PM CDT
American Riviera Bank (OTC Markets: ARBV) announced today unaudited pre-tax operating income of $763,000 for the second quarter ended June 30, 2015. This represents a 20% increase from the $635,000 generated during the same reporting period last year. Due to merger related costs of $160,000, the Bank reported unaudited net income of $362,000 ($0.13 per share) for the second quarter ended June 30, 2015. This compares to $382,000 for the same quarter last year.
American Riviera Bank and The Bank of Santa Barbara to Merge
Business Wire - Wed Jul 15, 8:00AM CDT
American Riviera Bank (OTC Markets: ARBV) and The Bank of Santa Barbara jointly announced today that a definitive agreement to merge the two institutions has been signed. Once complete, the new bank will be the second largest community bank based in the City of Santa Barbara with assets of over $400 million.
American Riviera Bank Reports Strong Start to 2015
Business Wire - Wed Apr 22, 7:55PM CDT
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $443,000 ($0.17 per share) for the quarter ended March 31, 2015, a 55% increase as compared to $286,000 ($0.11 per share) for the quarter ended March 31, 2014.
American Riviera Bank Reports Profits and Growth
Business Wire - Thu Jan 15, 4:47PM CST
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $1,569,000 ($0.61 per share) for the year ended December 31, 2014, a 12% increase as compared to $1,401,000 ($0.55 per share) for the year ending December 31, 2013. Unaudited net income for the quarter ending December 31, 2014 was $535,000 ($0.21 per share) versus $198,000 ($0.08 per share) for the comparable quarter of 2013.
American Riviera Bank Expands Market Share
Business Wire - Thu Oct 16, 6:51PM CDT
American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $365,000 ($0.14 per share) for the third quarter ended September 30, 2014, a decrease from the $473,000 ($0.19 per share) for the third quarter of 2013. For the nine months ending September 30, 2014, the Bank reported unaudited net income of $1,033,000 ($0.40 per share), down from the $1,203,000 ($0.47 per share) for the same reporting period last year. The decrease in net income is due to non-recurring events primarily related to prepayment penalties and gain on sale of loans which were $310,000 higher in the third quarter of 2013 and $350,000 higher for the first nine months of 2013 versus the same reporting periods in 2014.
Horgan, Rosen, Beckham & Coren, L.L.P. Served as Legal Counsel to American Riviera Bank in its merger with The Bank of Santa Barbara
GlobeNewswire - Thu Jul 30, 10:00AM CDT
Horgan, Rosen, Beckham & Coren, L.L.P., (HRBC), served as legal counsel to American Riviera Bank (OTC:ARBV), a commercial bank headquartered in Santa Barbara, California, in connection with its merger with The Bank of Santa Barbara. This merger combines two of the leading community banks in the South Coast region and will result in the second largest community bank based in the City of Santa Barbara with combined assets of over $400 million. The combination of these two financial institutions will benefit the entire Santa Barbara community as the resulting bank will have additional branch locations, expanded product offerings, state of the art technology, and top notch customer service.
American Riviera Bank Reports Strong Financials
Business Wire - Tue Jul 21, 6:45PM CDT
American Riviera Bank (OTC Markets: ARBV) announced today unaudited pre-tax operating income of $763,000 for the second quarter ended June 30, 2015. This represents a 20% increase from the $635,000 generated during the same reporting period last year. Due to merger related costs of $160,000, the Bank reported unaudited net income of $362,000 ($0.13 per share) for the second quarter ended June 30, 2015. This compares to $382,000 for the same quarter last year.
American Riviera Bank and The Bank of Santa Barbara to Merge
Business Wire - Wed Jul 15, 8:00AM CDT
American Riviera Bank (OTC Markets: ARBV) and The Bank of Santa Barbara jointly announced today that a definitive agreement to merge the two institutions has been signed. Once complete, the new bank will be the second largest community bank based in the City of Santa Barbara with assets of over $400 million.
American Riviera Bank Reports Strong Start to 2015
Business Wire - Wed Apr 22, 7:55PM CDT
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $443,000 ($0.17 per share) for the quarter ended March 31, 2015, a 55% increase as compared to $286,000 ($0.11 per share) for the quarter ended March 31, 2014.
American Riviera Bank Reports Profits and Growth
Business Wire - Thu Jan 15, 4:47PM CST
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $1,569,000 ($0.61 per share) for the year ended December 31, 2014, a 12% increase as compared to $1,401,000 ($0.55 per share) for the year ending December 31, 2013. Unaudited net income for the quarter ending December 31, 2014 was $535,000 ($0.21 per share) versus $198,000 ($0.08 per share) for the comparable quarter of 2013.
American Riviera Bank Expands Market Share
Business Wire - Thu Oct 16, 6:51PM CDT
American Riviera Bank (OTC Markets: ARBV) announced today unaudited net income of $365,000 ($0.14 per share) for the third quarter ended September 30, 2014, a decrease from the $473,000 ($0.19 per share) for the third quarter of 2013. For the nine months ending September 30, 2014, the Bank reported unaudited net income of $1,033,000 ($0.40 per share), down from the $1,203,000 ($0.47 per share) for the same reporting period last year. The decrease in net income is due to non-recurring events primarily related to prepayment penalties and gain on sale of loans which were $310,000 higher in the third quarter of 2013 and $350,000 higher for the first nine months of 2013 versus the same reporting periods in 2014.
