American River Bankshares (NASDAQ:AMRB) Files An 8-K Entry into a Material Definitive Agreement

American River Bankshares (NASDAQ:AMRB) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement

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The information set forth in Item 5.02 is incorporated by reference into this Item 1.01.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 11, 2017, the registrant’s subsidiary, American River Bank, entered into an employment agreement, effective December 7, 2017, with recently hired Chief Lending Officer Dennis F. Raymond, Jr.

The foregoing description is qualified by reference to the Employment Agreement attached as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(99.1) Employment Agreement between American River Bank and Dennis F. Raymond, Jr.

EX-99.1 2 exh_991.htm EXHIBIT 99.1 Exhibit 99.1   AMERICAN RIVER BANK   EMPLOYMENT AGREEMENT   This Employment Agreement (“Agreement”) is made and entered into on,…
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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.

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