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Stock Market & Financial Investment News

News Breaks
September 26, 2011
17:43 EDTAMRBAmerican River announces the retirement of Chief Credit Officer Douglas E. Tow
American River Bankshares announced that Douglas E. Tow, executive vice president and Chief Credit Officer, will retire from the company and its subsidiary American River Bank in March 2012. Tow has made the decision to retire in order to pursue personal interests. American River Bankshares will immediately begin an extensive search to find a suitable replacement. Tow's retirement is not due to any disagreement whatsoever with the company, its operations, policies or practices.
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April 16, 2015
09:19 EDTAMRBAmerican River reports Q1 EPS 12c, consensus 12c
Reports Q1 net interest margin was 3.46%, compared to 3.41% for Q4 and 3.60% for the first quarter of 2014. The allowance for loan and lease losses was $5.3M at March 31, 2015, compared to $5.3M at December 31, 2014. There was no provision for loan and lease losses for Q1 and the first quarter of 2014. The company had net recoveries of $7,000 in Q1, compared to net recoveries of $27,000 in the first quarter of 2014.

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