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PPP loans drove income growth at American Riviera Bank

By   /  Thursday, January 28th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PPP loans drove income growth at American Riviera Bank

Net income at American Riviera Bank increased in both the fourth quarter and full year of 2020, on the back of high loan growth and other positive factors, the bank announced Jan. 28. The Santa Barbara-based bank said its annual unaudited net income was up 15% from the previous year. In 2019, American Riviera Bank Read More →

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Driven by pandemic loans, American Riviera Bank reports record earnings

By   /  Monday, October 26th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Driven by pandemic loans, American Riviera Bank reports record earnings

American Riviera Bank saw its net income rise sharply this year, with a 46 percent increase in net income in third quarter earnings year-over-year. The Santa Barbara-based bank reported $2.26 million in net income the quarter, or 45 cents per share. For the same quarter in 2019, the bank had $1.55 million in net income, Read More →

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American Riviera Bank reports first quarter results

By   /  Wednesday, April 29th, 2020  /  Banking & Finance, Banking Industry, Latest news, South Coast  /  Comments Off on American Riviera Bank reports first quarter results

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Banks struggling with PPP loans for tri-county small businesses

By   /  Friday, April 10th, 2020  /  Banking & Finance, Banking Industry, Law, left, Small Business, Tri-County Economy, Wine & Viticulture, Women Inc.  /  Comments Off on Banks struggling with PPP loans for tri-county small businesses

Last-minute rules changes and a messy rollout mean small businesses and nonprofits will have to wait a little longer to get the help they’ve been promised under the CARES Act. The $349 billion Payroll Protection Program, a key part of the act, went live on April 3, but few banks were in a place where Read More →

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Tri-county-based banks earn high ratings

By   /  Thursday, April 9th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Latest news, South Coast  /  Comments Off on Tri-county-based banks earn high ratings

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Tri-county public companies adding women to boards

By   /  Thursday, January 30th, 2020  /  Latest news  /  Comments Off on Tri-county public companies adding women to boards

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Harding new SLO regional president for American Riviera Bank

By   /  Wednesday, January 15th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on Harding new SLO regional president for American Riviera Bank

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