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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In October 2008, the registrant executed a lease (the “Lease”) with 90 E Street, LLC (the “Landlord”). The Lease relates to office space to be occupied by one of the issuer’s subsidiary, American River Bank, successor to North Coast Bank, a division of American River Bank. The premises are located at 90 South E Street, Santa Rosa, California. The initial Lease term expires on January 31, 2019. On September 17, 2018 the registrant and 90 E. Street SR, LLC, successor to 90 E Street, LLC entered into the First Amendment to the Lease (the “Amendment”) to extend the Lease term to January 31, 2029. The foregoing description is qualified by reference to the Amendment attached as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.


To view the full exhibit click here

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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