American River Bankshares Announces its Quarterly Cash Dividend
15 Luglio 2021 - 5:00PM
American River Bankshares (NASDAQ-GS: AMRB) announced its quarterly
cash dividend of 7 cents per share ($0.07) payable on August 5,
2021 to shareholders of record on July 28, 2021.
The cash dividend is equal to the 7 cents announced on April 22,
2021 and represents the nineteenth cash dividend since the
quarterly cash dividend program was reinstated in January of
2017.
About American River BanksharesAmerican River
Bankshares [NASDAQ-GS: AMRB] is the parent company of American
River Bank, a regional bank serving Northern California since 1983.
We provide financial expertise and exceptional service to
complement a full suite of banking products and services to meet
the needs of the communities we serve. For more information, call
(800) 544-0545 or visit our website at AmericanRiverBank.com.
Forward-Looking Statements
Certain matters discussed in this release are “forward-looking
statements” within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, Section 27A of the Securities Act
of 1933, as amended, and subject to the safe-harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements may contain words related to future
projections including, but not limited to, words such as “believe,”
“expect,” “anticipate,” “intend,” “may,” “will,” “should,” “could,”
“would,” and variations of those words and similar words that are
subject to risks, uncertainties and other factors that could cause
actual results to differ significantly from those projected.
Factors that could cause or contribute to such differences include,
but are not limited to, the following: the adverse effects of the
COVID-19 pandemic on the economy, our business, borrowers,
customers and employees and the impact of local, state and federal
governments in response to the pandemic, including various
government stimulus packages; current and future legislation and
regulation promulgated by the United States Congress and actions
taken by governmental agencies that may impact the U.S. financial
system; the risks presented by economic volatility and recession,
which could adversely affect credit quality, collateral values,
including real estate collateral, investment values, liquidity and
loan originations and loan portfolio delinquency rates; variances
in the actual versus projected growth in assets and return on
assets; potential loan losses; potential expenses associated with
resolving nonperforming assets; changes in the interest rate
environment including interest rates charged on loans, earned on
securities investments and paid on deposits and other borrowed
funds; competitive effects; the effects of strategic transactions
we are a party to; inadequate internal controls over financial
reporting or disclosure controls and procedures; changes in
accounting policies and practices and the effects of adopting ASU
No. 2016-13, Measurement of Credit Losses on Financial Instruments
(“CECL”); potential declines in fee and other noninterest income
earned associated with economic factors; general economic
conditions nationally, regionally, and within our operating markets
could be less favorable than expected or could have a more direct
and pronounced effect on us than expected and adversely affect our
ability to continue internal growth at historical rates and
maintain the quality of our earning assets; changes in the
regulatory environment including increased capital and regulatory
compliance requirements and government intervention in the U.S.
financial system; changes in business conditions and inflation;
changes in securities markets, public debt markets, and other
capital markets; potential data processing, cybersecurity and other
operational systems failures, breach or fraud; potential decline in
real estate values in our operating markets; the effects of
uncontrollable events such as terrorism, the threat of terrorism or
the impact of military conflicts in connection with the conduct of
the war on terrorism by the United States and its allies, natural
disasters (including earthquakes and wildfires), pandemic disease
and viruses, and disruption of power supplies and communications;
changes in accounting standards, tax laws or regulations and
interpretations of such standards, laws or regulations; projected
business increases following any future strategic expansion could
be lower than expected; the goodwill we have recorded in connection
with acquisitions could become impaired, which may have an adverse
impact on our earnings; our ability to comply with any regulatory
orders or requirements we may become subject to; the effects and
costs of litigation, regulatory, and other legal developments; the
reputation of the financial services industry could experience
deterioration, which could adversely affect our ability to access
markets for funding and to acquire and retain customers; the
possibility that the announced merger with Bank of Marin Bancorp
(“Marin Bancorp”) does not close when expected or at all because
required regulatory, shareholder or other approvals, financial
tests or other conditions to closing are not received or satisfied
on a timely basis or at all; the businesses of the Company and
Marin Bancorp may not be integrated successfully or such
integration may be more difficult, time-consuming or costly than
expected; changes in the Company’s or Marin Bancorp’s stock price
before the effective time of the merger, including as a result of
financial performance, or more generally due to broader stock
market movements, and the performance of financial companies and
peer group companies; the risk that the benefits from the
transaction may not be fully realized or may take longer to realize
than expected, or that expected revenue synergies and cost savings
from the announced merger with Marin Bancorp may not be fully
realized or realized within the expected time frame, including as a
result of changes in general economic and market conditions,
interest and exchange rates, monetary policy, laws and regulations
and their enforcement, the effect of pandemic disease (including
Covid-19) and the degree of competition in the geographic and
business areas in which the Company and Marin Bancorp operate; the
ability to promptly and effectively integrate the businesses of the
Company and Marin Bancorp; the reaction to the merger transaction
of the companies’ clients, employees and counterparties; diversion
of time of directors, management and other employees on
merger-related issues; and the efficiencies we may expect to
receive from any investments in personnel and infrastructure may
not be realized. In addition, the factors set forth under “Item 1A
- Risk Factors” in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2020, and other cautionary statements and
information set forth in the Company’s other periodic filings with
the SEC should also be carefully considered and understood as being
applicable to all related forward-looking statements contained in
this release.
Investor Contact:Mitchell A. DerenzoExecutive Vice
President, Chief Financial OfficerAmerican River
Bankshares916-231-6723
Media Contact: Jennifer J. HeldVice President,
Marketing Director American River Bankshares 916-231-6717
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