Tag archives: Jeff Devine

American Riviera Bank announced earlier this week unaudited net income of $11,829,000 for the 12 months ending December 31, 2021. This represents a 60% increase in net income from the $7,378,000 earned in the same reporting period in the prior year. In 2021, the bank achieved an annualized return on average assets of 1.04% and […]

Sometimes it takes a global pandemic to highlight the crucial role that community banks play in rescuing local businesses from the economic nightmare that comes with a year-long statewide shutdown. For American Riviera Bank (ARB), which opened in 2006 thanks to about 400 local shareholders who put up roughly $25 million in start-up cash, the […]

They call it the novel coronavirus. It will have existed for 142 days as of this publication. It’s called a “novel” virus because, while variations have existed before, this one is brand new. It’s unique in that it replicates quickly in asymptomatic people who are stealth carriers, then explodes in the population overwhelmingly, debilitating the […]