American Riviera Bnk (ARBV) 10.8010 $ARBV
American Riviera Bank Reports Benefits of Merger
BusinessWire - Wed Apr 27, 7:58PM CDT
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $176,000 ($0.04 per share) for the quarter ended March 31, 2016, compared to $443,000 ($0.17 per share) for the quarter ended March 31, 2015. Pre-tax, unaudited, operating income excluding merger related costs for the quarter ended March 31, 2016 was $1,652,000 ($0.38 per share), which is 41% better on a share adjusted basis than the $734,000 ($0.27 per share) achieved for the same reporting period last year prior to the merger. As of March 31, 2016, total shares outstanding was 4,308,372 and market capitalization was $47.7 million.
American Riviera Bank Reports Merger and Growth
BusinessWire - Thu Jan 28, 7:42PM CST
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $1,303,000 ($0.48 per share) for the year ended December 31, 2015, compared to $1,569,000 ($0.59 per share) for the year ended December 31, 2014. Pre-tax, unaudited, net income excluding merger related costs for the year ended December 31, 2015 was $3,022,000, which is 18% better than the $2,567,000 recorded for the same reporting period last year. The Bank will expense remaining, non-recurring, merger related costs in the first quarter of 2016, but will continue to separately identify the amount of such costs for core earnings transparency.
American Riviera Bank closes merger with Bank of Santa Barbara for about USD17.9m
M2 - Mon Jan 04, 3:06AM CST
Full-service state-chartered community bank, American Riviera Bank (OTC Markets:ARBV) closed its merger with the Bank of Santa Barbara on 1 January 2016, the company revealed on Friday.
American Riviera Bank Announces Completion of the Merger of The Bank of Santa Barbara into American Riviera Bank
BusinessWire - Fri Jan 01, 4:28AM CST
American Riviera Bank (OTC Markets: ARBV) announced today that on January 1, 2016, it completed its previously announced merger with The Bank of Santa Barbara.
American Riviera Bank announces shareholders' approval of its merger with Bank of Santa Barbara
M2 - Wed Oct 28, 6:01AM CDT
American Riviera Bank (OTC Markets:ARBV) disclosed on Wednesday that its shareholders at the annual meeting held the same day, approved the company's merger with the Bank of Santa Barbara. Financial details of the merger were undisclosed.
American Riviera Bank Shareholders Approve Merger with The Bank of Santa Barbara
BusinessWire - Tue Oct 27, 9:42PM CDT
American Riviera Bank (OTC Markets: ARBV) announced that its shareholders approved the merger with The Bank of Santa Barbara at its annual meeting today. The Bank of Santa Barbara separately approved the merger at a special meeting of its shareholders today. The merger is expected to close at the end of December 2015 subject to final regulatory approval. Once together, the new bank's name will be American Riviera Bank, and with assets of over $400 million, it will be the second largest bank based in the City of Santa Barbara.
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
BusinessWire - 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 Reports Strong Start to 2015
BusinessWire - 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
BusinessWire - 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 Reports Benefits of Merger
BusinessWire - Wed Apr 27, 7:58PM CDT
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $176,000 ($0.04 per share) for the quarter ended March 31, 2016, compared to $443,000 ($0.17 per share) for the quarter ended March 31, 2015. Pre-tax, unaudited, operating income excluding merger related costs for the quarter ended March 31, 2016 was $1,652,000 ($0.38 per share), which is 41% better on a share adjusted basis than the $734,000 ($0.27 per share) achieved for the same reporting period last year prior to the merger. As of March 31, 2016, total shares outstanding was 4,308,372 and market capitalization was $47.7 million.
American Riviera Bank Reports Merger and Growth
BusinessWire - Thu Jan 28, 7:42PM CST
American Riviera Bank (OTC Markets: ARBV) announced unaudited net income of $1,303,000 ($0.48 per share) for the year ended December 31, 2015, compared to $1,569,000 ($0.59 per share) for the year ended December 31, 2014. Pre-tax, unaudited, net income excluding merger related costs for the year ended December 31, 2015 was $3,022,000, which is 18% better than the $2,567,000 recorded for the same reporting period last year. The Bank will expense remaining, non-recurring, merger related costs in the first quarter of 2016, but will continue to separately identify the amount of such costs for core earnings transparency.
American Riviera Bank closes merger with Bank of Santa Barbara for about USD17.9m
M2 - Mon Jan 04, 3:06AM CST
Full-service state-chartered community bank, American Riviera Bank (OTC Markets:ARBV) closed its merger with the Bank of Santa Barbara on 1 January 2016, the company revealed on Friday.
American Riviera Bank Announces Completion of the Merger of The Bank of Santa Barbara into American Riviera Bank
BusinessWire - Fri Jan 01, 4:28AM CST
American Riviera Bank (OTC Markets: ARBV) announced today that on January 1, 2016, it completed its previously announced merger with The Bank of Santa Barbara.
American Riviera Bank announces shareholders' approval of its merger with Bank of Santa Barbara
M2 - Wed Oct 28, 6:01AM CDT
American Riviera Bank (OTC Markets:ARBV) disclosed on Wednesday that its shareholders at the annual meeting held the same day, approved the company's merger with the Bank of Santa Barbara. Financial details of the merger were undisclosed.
American Riviera Bank Shareholders Approve Merger with The Bank of Santa Barbara
BusinessWire - Tue Oct 27, 9:42PM CDT
American Riviera Bank (OTC Markets: ARBV) announced that its shareholders approved the merger with The Bank of Santa Barbara at its annual meeting today. The Bank of Santa Barbara separately approved the merger at a special meeting of its shareholders today. The merger is expected to close at the end of December 2015 subject to final regulatory approval. Once together, the new bank's name will be American Riviera Bank, and with assets of over $400 million, it will be the second largest bank based in the City of Santa Barbara.
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
BusinessWire - 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 Reports Strong Start to 2015
BusinessWire - 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
BusinessWire - 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.
