American River Bankshares (NASDAQ:AMRB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On March 27, 2017, American River Bankshares (the “Registrant”), received a letter from Director Robert J. Fox tendering his resignation as a director, effective as of March 27, 2017. His resignation is effective as to the Boards of Directors of both the Registrant and its bank subsidiary, American River Bank, as well as each of their respective committees on which he served. The reason for Mr. Fox’s resignation is set forth in his letter and is not the result of any disagreement with the Registrant on any matter relating to the Registrant’s operations, policies or practices. The Registrant has provided Mr. Fox with a copy of this disclosure prior to filing this Form 8-K with the Commission and gave him an opportunity to provide the Registrant with a letter addressed to the Registrant stating whether he disagreed with the statements made by the Registrant in this disclosure. No such additional letter was received by the Registrant.
The foregoing description is qualified in its entirety by reference to the letter of resignation from Mr. Fox, dated March 27, 2017, attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
(99.1) Letter of resignation from Robert J. Fox
About American River Bankshares (NASDAQ:AMRB)
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services. The Bank also conducts lease financing for various types of business equipment, from computer software to heavy earth-moving equipment. It serves various communities located in Sacramento, Placer, Yolo, El Dorado, Sonoma and Amador counties. It also serves Alameda, Contra Costa and Santa Clara Counties through loan production offices located in the Cities of San Jose and San Ramon. Its loans include real estate construction loans; lease financing receivable; agriculture loans, and consumer loans. American River Bankshares (NASDAQ:AMRB) Recent Trading Information
American River Bankshares (NASDAQ:AMRB) closed its last trading session down -0.04 at 14.90 with 11,785 shares trading hands.
