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American Riviera Bank sees $8.5 million payday after selling shares

By   /   Wednesday, March 27th, 2019  /   Comments Off on American Riviera Bank sees $8.5 million payday after selling shares

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Santa Barbara-based American Riviera Bank announced March 27 that it raised $8.5 million in new capital through the sale of 472,222 shares of common stock. The shares were priced at $18 and the buyers were institutions and accredited investors. American  Riviera said the cash will be used to bolster capital and support future growth. American Riviera, which…

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