American River Bankshares Issues Stock Dividend
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American River Bankshares (NASDAQ–GS:AMRB)
announced a 5% stock dividend on the outstanding shares of common stock
of the Company payable on December 20, 2007 to shareholders of record on
December 5, 2007.
In lieu of fractional shares, cash will be distributed to each
shareholder who would otherwise have been entitled to receive a
fractional share, at the per share price at the close of business on
December 5, 2007.
This is the 12th stock dividend issued by
American River Bankshares and is part of a plan established in 1992 to
enhance shareholder value that includes profitability, dividends and
share repurchases. In January 2007, American River Bankshares reaffirmed
its existing stock repurchase plan which calls for repurchases up to 5%
of its outstanding shares of common stock annually and in October,
expanded the plan beyond the original 5% target with the intent to
repurchase additional shares up to $2 million.
In the third quarter of 2007, the Company marked its 92nd
consecutive profitable quarter and declared a quarterly cash dividend of
15 cents per share, paying 45 cents per share year to date.
About American River Bankshares
American River Bankshares (NASDAQ–GS:AMRB) is
the parent company of American River Bank ("ARB”),
a community business bank serving Sacramento, CA that operates a family
of financial services providers, including North Coast Bank [a
division of "ARB”]
in Sonoma County and Bank of Amador [a
division of "ARB”]
in Amador County. For more information, please call 916-851-0123 or
visit www.amrb.com; www.americanriverbank.com;
www.northcoastbank.com; or www.bankofamador.com.
Forward-Looking Statement
Certain statements contained herein are forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, Section 27A of the Securities Act of 1933, as amended,
and subject to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. 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, 2006, and in reports
filed on 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.
