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American Riviera Bank Announces Record Growth.

Publication: Business Wire
Publication Date: 17-APR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SANTA BARBARA, Calif. -- American Riviera Bank (OTCBB: ARBV) today announced a record 65% annual growth in total assets, reaching $131 million in assets as of March 31, 2009.

American Riviera Bank reported total loans of $91 million as of March 31, 2009 (1Q2009), an increase of 35% or $24 million, from March 31, 2008 (1Q2008) and 5% growth from December 31, 2008 (YE2008). The Bank's sustained focus on deposit growth yielded...

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