Key Developments For American River Bankshares
American River Bankshares (AMRB.O) (Nasdaq)
American River Bankshares Announces Filing Of Registration Statement For the Offering Of $22 Million Of Common Stock
American River Bankshares announced that it has filed a registration statement with the Securities and Exchange Commission for the offering of $22 million of its common stock. The Company expects to sell its common stock in an underwritten public offering with Howe Barnes Hoefer & Arnett, Inc. acting as lead manager and Wunderlich Securities, Inc. serving as co-manager. The purchase price of the common stock will be determined by agreement of the Company and Howe Barnes at the time of the offering. The Company intends to grant the underwriters an option to purchase up to an additional $3.3 million of common stock offered to cover over-allotments, if any. The common stock will be issued pursuant to a prospectus filed as part of the Company's registration statement under the Securities Act of 1933. The Company intends to use the net proceeds from the offering for general corporate purposes including organic growth and opportunistic acquisitions.
American River Bankshares Temporarily Suspends Cash Dividend And Stock Repurchase Plan
American River Bankshares announced that as the dividend payout for the first half of 2009 exceeded net income, the Board of Directors has decided it is in the Company's best interest to continue to build capital and temporarily suspend both the cash dividend and the stock repurchase plan. The Board of Directors felt it necessary to make the decision to suspend the cash dividend due to the current economic challenges.
American River Bankshares Announces Second Quarter Cash Dividend
American River Bankshares announced its second quarter cash dividend of $0.143 per share payable on July 17, 2009 to shareholders of record on July 3, 2009. The cash dividend remains unchanged from the cash dividend declared in the first quarter of 2009.
American River Bankshares Announces Its First Quarter Cash Dividend
American River Bankshares announced its first quarter cash dividend of $0.143 per share payable on April 17, 2009, to shareholders of record on April 3, 2009.
American River Bankshares Announces Fourth Quarter Cash Dividend
American River Bankshares announced its fourth quarter cash dividend of $0.143 per share payable on January 16, 2009 to shareholders of record on January 2, 2009.
