American River Bankshares Announces its Quarterly Cash Dividend

Rhea-AI Summary

American River Bankshares (NASDAQ-GS: AMRB) declared a quarterly cash dividend of $0.07 per share, payable on May 19, 2021, to shareholders on record as of May 5, 2021. This cash dividend is consistent with the 7 cents announced in January 2021 and marks the 18th cash dividend since the program's reinstatement in 2017. The company continues to serve Northern California with a range of banking services, ensuring financial stability and community support.

Positive

• Continued payment of dividend reflects financial stability and commitment to shareholders.
• Eighteenth consecutive dividend since reinstating the program in January 2017.

Negative

• None.

SACRAMENTO, Calif., April 22, 2021 (GLOBE NEWSWIRE) -- American River Bankshares (NASDAQ-GS: AMRB) announced its quarterly cash dividend of 7 cents per share ($0.07) payable on May 19, 2021 to shareholders of record on May 5, 2021.

The cash dividend is equal to the 7 cents announced on January 21, 2021 and represents the eighteenth 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, 2020, 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 dividend amount declared by American River Bankshares for May 2021?

American River Bankshares declared a dividend of $0.07 per share for May 2021.

When will the dividend be paid to shareholders of American River Bankshares?

The dividend will be paid on May 19, 2021, to shareholders of record as of May 5, 2021.

How many cash dividends has American River Bankshares issued since 2017?

American River Bankshares has issued eighteen cash dividends since reinstating the program in January 2017.

What are the risks associated with the forward-looking statements in the press release?

Risks include changes in interest rates, economic conditions, governmental regulations, and competitive pressures.