American River Bankshares (NASDAQ:AMRB) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On July 13, 2017, the registrant executed a lease (the “Lease”) with the United States Postal Service. The Lease relates to office space currently occupied by issuer’s banking subsidiary, American River Bank. The premises are located at 424 Sutter Street, Jackson, California. The Lease replaces an expiring lease and an amendment that expired on May 31, 2017, and includes approximately 3,600 square feet. The new Lease is for a term of sixty (60) months and expires on May 31, 2022. The foregoing description is qualified by reference to the Lease Amendment attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| 99.1 | Commercial Lease Agreement between the United States Postal Service and American River Bank. |
AMERICAN RIVER BANKSHARES ExhibitEX-99.1 2 exh_991.htm EXHIBIT 99.1 Exhibit 99.1 Outlease Agreement Revised 10.19. 2016 RMH Facility Name/Location Finance/Sublocation No. Project Number: Jackson Main Office 053774-G01 424 Sutter St Jackson,…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.
