American Riviera Bank Reports Continued Growth and Strong Earnings

Published: 1/02/2018
American Riviera Bank Reports Continued Growth and Strong Earnings
Source: WWW.BUSINESSWIRE.COM

SANTA BARBARA, Calif.--(BUSINESS WIRE)--American Riviera Bank (OTC Markets: ARBV) announced today that excluding a nonrecurring charge to tax expense, the Bank reported unaudited net income of $4,655,000 ($1.06 per share), a 0.96% return on average assets and an 8.70% return on average equity for the year ended December 31, 2017. This is an increase in net income from the $4,130,000 ($0.94 per sha

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