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American Riviera Bank Decides Not to Seek Bailout Money.

Publication: Investment Weekly News
Publication Date: 10-JAN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
American Riviera Bank (OTCBB: ARBV) announced that its Board of Directors has decided it would not be in the best interests of the Company or its shareholders to apply for aid from the U.S. Treasury under its new capital assistance program. This conclusion was reached based on the Company's strong capital position relative to reasonably foreseeable needs, as well as the financial management restrictions that would accompany this governmental capital infusion.

American Riviera Bank had a total...

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