Larry D. Standing to Retire from Bank of Amador after 25 Years of Service
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Larry D. Standing, President of Bank of Amador, announced his retirement
on March 7, 2008 from the Company and as a Board Member of American
River Bank effective March 21, 2008. Wayne T. Garibaldi has been named
Regional President of Bank of Amador.
Larry Standing is the founding president and CEO of Bank of Amador,
which celebrates its 25th Anniversary this
November. He helped facilitate the merger of Bank of Amador into
American River Bank in 2004, creating a $574 million regional community
bank. Mr. Standing has served the banking industry and his community for
over 46 years. He was the founding Chairman of the Sutter Amador
Hospital Board of Trustees and Past President of the Jackson Lions Club,
where he is currently a Board Member. He is also a member of the Native
Sons and the Restoration Committee of the Preston Castle Foundation.
"Commitment and dedication have been the
hallmark of Larry’s service to Bank of Amador,”
said David Taber, President and CEO of American River Bankshares. "Larry’s
leadership has secured Bank of Amador’s
position as the leading community bank in Amador County.”
Wayne T. Garibaldi has been named Regional President of Bank of Amador
and will be responsible for the continued success of the Bank, including
growth, profitability and asset quality. Mr. Garibaldi has been with
Bank of Amador since their doors opened in November 1983. He was
previously Senior Vice President and Branch Manager of the Jackson
Office. In addition to his responsibilities at the Bank, he is a Jackson
City Councilman, Board Member of the Amador Economic Development
Committee, Board Member of the Amador Community Foundation, Board Member
of Hospice of Amador, Treasurer of the Italian Benevolent Society and
Member of the Jackson Lions Club and Native Sons.
"All of the clients and employees of Bank of
Amador, both past and present, have become part of my family over the
last 25 years,” said Larry Standing. "While
it’s bittersweet moving on, I’m
proud of the legacy I helped build at Bank of Amador and confident in
the Bank’s continued success.”
He continued, "Wayne and I have worked
together as a team for a very a long time, and I can’t
imagine a more suitable person to lead Bank of Amador into the future.” About Bank of Amador
Bank of Amador, a division of American River Bank ("ARB”),
is a community business bank serving Amador County since 1983 through
its three branches in Jackson, Ione and Buckhorn. Bank of Amador offers
a full menu of financial solutions to meet the deposit and lending needs
of individuals and businesses. American River Bank is owned by American
River Bankshares (NASDAQ-GS:AMRB), which operates a family of financial
services providers including American River Bank in the Greater
Sacramento Area, 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 707-528-6300 or visit www.northcoastbank.com;
www.americanriverbank.com;
www.amrb.com or www.bankofamador.com.
Forward-Looking Statements
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, 2007, and in reports
filed on Forms 10-Q and 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, except as may be required by law.
