American River Bankshares Announces its 2018 Annual Meeting Results
May 18 2018 - 7:21PM
The Board of Directors of American River Bankshares
(NASDAQ-GS:AMRB), announced the election of all nine Director
nominees at its Annual Meeting held Thursday, May 17th in Rancho
Cordova, California.
Shareholders elected Nicolas C. Anderson, Kimberly A. Box,
Charles D. Fite, Jeffery Owensby, William A. Robotham, David E.
Ritchie, Jr. Stephen H. Waks, Philip A. Wright, Michael A. Ziegler
as Directors, each of whose current term expired at the 2018 Annual
Meeting and their new term will expire in 2019. The
shareholders also approved the advisory vote concerning named
executive officer compensation and the frequency of future votes
for executive officer compensation. In addition, the selection of
Crowe Horwath LLP as independent registered public accountants for
American River Bankshares was ratified by a majority of votes cast.
In his annual address to shareholders, David E. Ritchie, Jr.,
President and CEO of American River Bankshares, reviewed the
Company’s performance in 2017 and vision for the coming year.
“American River Bank is well positioned for growth,” said
Ritchie. “We are well underway with our strategic plan to
return the company to top performer status within our
industry.”
To view the American River Bankshares 2017 Annual Report and
Proxy Statement, visit www.envisionreports.com/AMRB. About
American River Bankshares American River Bankshares
(NASDAQ-GS:AMRB) is the parent company of American River Bank, a
regional bank serving Northern California since 1983. We give
business owners more REACH by offering financial expertise and
exceptional service to complement a full suite of banking products
and services. Our honest approach, commitment to community and
focus on profitability is intended to lead our clients to greater
success. For more information, call (800) 544-0545 or visit
AmericanRiverBank.com. Forward-Looking Statements
Certain statements contained herein are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and subject to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, that involve risks and uncertainties. Actual
results may differ materially from the results in these
forward-looking statements. Factors that might cause such a
difference include, among other matters, changes in interest rates,
economic conditions, governmental regulation and legislation,
credit quality, and competition affecting the Company’s businesses
generally; the risk of natural disasters and future catastrophic
events including terrorist related incidents; and other factors
discussed in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2017, and in subsequent reports filed on Form
10-Q and Form 8-K. The Company does not undertake any obligation to
publicly update or revise any of these forward-looking statements,
whether to reflect new information, future events or otherwise,
except as required by law.
Investor Contact:Mitchell A. DerenzoExecutive Vice President
& Chief Financial OfficerAmerican River
Bankshares916-231-6723
Media Contact:Erica DiasVice President, Marketing &
Community EngagementAmerican River Bankshares916-231-6717
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