American Riviera Bank (ARBV.OB) Posts Record Growth for Q1 2009; Outlines Short and Long-term Plans
American Riviera Bank is a full service bank offering lending and deposit services for community businesses and consumers in Santa Barbara, Calif. The company today announced record growth for the first quarter of 2009, posting a 65 percent annual growth in assets, hitting $131 million for the period ended March 31, 2009. American Riviera Bank reported total loans of $91 million for the first quarter, up 35 percent, or $24 million from the same period last year, and 5 percent growth from year-end 2008. The bank said it yielded total deposits of $105 million for the first quarter, up 80…