American River Bankshares Announces its Quarterly Cash Dividend

Rhea-AI Summary

American River Bankshares (NASDAQ-GS: AMRB) has declared a quarterly cash dividend of $0.07 per share, payable on February 17, 2021, to shareholders recorded by February 3, 2021. This marks the seventeenth cash dividend since the program's reinstatement in January 2017 and is consistent with the dividend declared in October 2020. The company operates American River Bank, serving Northern California since 1983, offering a comprehensive range of banking products to its community.

Positive

• Quarterly cash dividend of $0.07 per share reinforces shareholder returns.
• Seventeenth cash dividend since program reinstatement indicates consistent performance.

Negative

• None.

SACRAMENTO, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) -- American River Bankshares (NASDAQ-GS: AMRB) announced its quarterly cash dividend of 7 cents per share ($0.07) payable on February 17, 2021 to shareholders of record on February 3, 2021.

The cash dividend is equal to the 7 cents announced on October 22, 2020 and represents the seventeenth cash dividend since the quarterly cash dividend program was reinstated in January of 2017.

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 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 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, 2019, 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. Derenzo
Executive Vice President, Chief Financial Officer
American River Bankshares
916-231-6723

Media Contact:
Jennifer J. Held
Vice President, Marketing Director
American River Bankshares
916-231-6717

FAQ

What is the cash dividend amount declared by American River Bankshares?

American River Bankshares has declared a cash dividend of $0.07 per share.

When will the dividend be paid?

The dividend will be payable on February 17, 2021.

What is the record date for the dividend?

The record date for the dividend is February 3, 2021.

How often does American River Bankshares pay dividends?

American River Bankshares has reinstated its quarterly cash dividend program.