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AMERICAN RIVIERA BANCORP
Symbol	ARBV
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American Riviera Bancorp Announces Results for the Third Quarter of 2023

2023-10-26 17:15 ET - News Release

Company Website: https://americanriviera.bank
SANTA BARBARA, Calif. -- (Business Wire)

American Riviera Bancorp (“Company”) (OTCQX: ARBV), holding company of American Riviera Bank (“Bank”), announced today unaudited net income of $8.3 million ($1.44 per share) for the nine months ended September 30, 2023, compared to $9.5 million ($1.67 per share) earned in the same reporting period in the previous year. Unaudited net income was $2.6 million ($0.46 per share) for the three months ended September 30, 2023, compared to $3.8 million ($0.67 per share) earned in the same reporting period in the previous year.

Jeff DeVine, President and CEO of the Company and the Bank stated, “We are pleased to report that our core deposits increased $19 million this quarter with the majority of the increase from non-interest bearing checking accounts. Our quarterly net income, earnings per share, non-interest expense, and net interest margin were all relatively stable between the second and third quarters of 2023. Although net income year to date in 2023 compared to 2022 has been impacted by rising deposit costs, our Company was able to increase shareholders’ equity by over 12% in the last year. Our core and digital banking upgrade scheduled for completion in the fourth quarter of 2023 is expected to increase internal efficiencies and enhance client functionality in 2024.”

Third Quarter Highlights

The Bank has the highest “Super Premier” rating for financial performance from the Findley Reports and has maintained a “5 Star - Superior” rating from Bauer Financial as of June 30, 2023.
The Bank was rated “Outstanding” by the Federal Deposit Insurance Corporation in 2023 for its performance under the Community Reinvestment Act.
Return on average assets for the third quarter ended September 30, 2023, was 0.80%, and return on average equity was 10.98%.
Total loans were $941.1 million at September 30, 2023, a decrease of $4.3 million or 0.5% from the prior quarter-end, and an increase of $54.9 million or 6.2% from September 30, 2022. The Bank’s loan-to-deposit ratio at September 30, 2023, was 85.4%.
Non-interest-bearing demand deposits totaled $457.7 million at September 30, 2023, an increase of $15.6 million or 3.5% from the prior quarter-end, and a decrease of $62.1 million or 11.9% from September 30, 2022. Non-interest-bearing demand deposits at September 30, 2023 represent 41.6% of total deposits, an increase from 41.1% one year ago.
Interest-bearing deposits totaled $643.8 million at September 30, 2023, an increase of $3.4 million or 0.5% from the prior quarter-end, and a decrease of $100.3 million or 13.5% from September 30, 2022. The Federal Reserve’s actions over the last year to rapidly increase interest rates have caused a shift in interest-bearing depositor behavior as some clients have decided to reinvest their excess cash in non-FDIC insured, external investment products.
The aforementioned increase in total deposits in the third quarter of 2023 allowed the Bank to reduce its Federal Home Loan Bank (“FHLB”) advances from $70.0 million at June 30, 2023 to $35.0 million at September 30, 2023, which resulted in a $388,000 reduction in interest expense on borrowings in the third quarter of 2023 versus the prior quarter.
Total cost of funding sources increased to 1.06% for the third quarter of 2023, compared to 1.02% in the prior quarter, and 0.16% for the same quarter in the prior year. Overall funding costs for the Company have increased due to Federal Reserve policy but remain modest compared to industry averages based on our relationship banking focus.
On-balance sheet liquidity continues to be substantial with $233.7 million of cash, due from banks, and available-for-sale (“AFS”) securities market value at September 30, 2023.
Access to available sources of liquidity including fed funds lines of credit with correspondent banks, unused secured borrowing capacity with the Federal Home Loan Bank, and unused secured borrowing capacity with the Federal Reserve totaled $380.6 million at September 30, 2023, an increase from $310.2 million at June 30, 2023.
Allowance for Credit Losses (“ACL”) was 1.24% of total loans at September 30, 2023, compared with 1.23% at June 30, 2023, and 1.18% at September 30, 2022. Provision for credit losses for the third quarter of 2023 was $8,000, compared to $163,000 last quarter, and $122,000 for the same quarter last year.
The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due, and only $2.7 million or 0.29% of total loans on non-accrual status, which are well supported by collateral and reserves.
Total shareholders’ equity of $92.4 million at September 30, 2023, has increased $10.2 million or 12.4% from the level reported at September 30, 2022.
All Bank and Company capital ratios increased in the third quarter of 2023. The Bank’s regulatory capital ratios were all above “well-capitalized” standards.

Third Quarter Earnings

For the third quarter of 2023, unaudited net income was $2.6 million, compared to $2.7 million in the second quarter of 2023, and $3.8 million in the third quarter of 2022.

The Bank continues to grow interest and fees on loans sequentially over the last four quarters from $10.1 million in the third quarter of 2022 to $12.1 million in the third quarter of 2023, representing a $2.0 million or 19.4% increase. However, the cost of funding has also increased sequentially from the historically low levels that existed prior to the Federal Reserve’s aggressive rate increase policy. Interest expense on deposits has increased from $0.3 million in the third quarter of 2022 to $2.5 million in the third quarter of 2023.

At the same time, excess cash and due from banks has moved back to a more normalized level as the Federal Reserve has tightened economic conditions, resulting in a decline in interest on cash and due from which was at elevated levels for most of 2022. Interest on cash and due from peaked at $1.3 million for the fourth quarter of 2022, compared to the current level of $0.2 million in the third quarter of 2023.

Overall interest income in the third quarter of 2023 increased by $1.1 million from the same quarter last year yet was offset by a $2.7 million increase in overall interest expense. Overall interest income for the first nine months of 2023 increased by $6.4 million from the same period last year yet was offset by a $6.7 million increase in overall interest expense. The increase in interest expense is due to higher rates paid on deposits and an increase in borrowed funds.

Non-Interest Income and Expense

Non-interest income was $0.7 million for the third quarter of 2023, compared to $1.0 million for the second quarter of 2023, and $0.8 million for the same quarter last year. Variances between the quarters relate primarily to SBA loan sale premiums, mortgage broker fees, loan swap fees, and loan prepayment fees. Loan swap fees totaled $0.3 million in the second quarter of 2023, and no loan swap fees were received in the third quarter of 2023.

Non-interest expense was $7.9 million for the third quarter of 2023, compared to $8.0 million in the second quarter of 2023, and $7.8 million for the same quarter last year. Expenses in the second and third quarter of 2023 are elevated due to the accrual of non-recurring expenses related to technology upgrades. During the fourth quarter of 2023, the Bank will complete these technology upgrades which are expected to reduce future expenses, enhance customer functionality, and streamline internal processes.

Loans and Asset Quality

Total loans were $941.1 million at September 30, 2023, a decrease of $4.3 million or 0.5% from the prior quarter-end, and an increase of $54.9 million or 6.2% from September 30, 2022.

The Bank adopted the Current Expected Credit Losses (“CECL”) accounting standard as of January 1, 2023, and recorded a $1.3 million pre-tax reduction to retained earnings upon adoption, including $0.5 million of additional reserve for unfunded loans recorded in other liabilities. The ACL is unchanged at $11.6 million at September 30, 2023 and June 30, 2023, with resulting coverage ratios of 1.24% and 1.23% respectively of total loans, as compared to $10.5 million or 1.18% at September 30, 2022.

Loan charge-offs totaled zero and loan recoveries totaled $3,000 for the third quarter of 2023. As of September 30, 2023, non-accrual loans totaled $2.7 million, down $0.1 million compared to the previous quarter. $2.1 million of the non-accrual total at September 30, 2023, is comprised of one loan which is real estate secured at a 27% loan-to-value based upon a recent appraisal and is paying full principal and interest payments monthly. Credit quality remains strong.

Deposits & Borrowings

Total deposits were $1.1 billion at September 30, 2023, representing an increase of $19.0 million or 1.8% from June 30, 2023, and a decrease of $162.4 million or 12.8% since September 30, 2022. As a result of the current rate environment, the reduction over the last year in deposit balances is primarily due to some clients deciding to reinvest their excess cash in non-FDIC insured, external investment products. The weighted average cost of deposits for the third quarter of 2023 was 0.90%, compared to 0.73% for the previous quarter, and 0.08% for the same quarter last year. Non-interest-bearing demand deposits represent 41.6% of total deposits at September 30, 2023, an increase from 40.8% at the prior quarter-end, and 41.1% at September 30, 2022.

At September 30, 2023, the Bank had $25.0 million of short-term, 30 days or less, FHLB advances and another $10.0 million of long-term FHLB advances outstanding at September 30, 2023. At September 30, 2023, the Company also had $10.0 million drawn on a correspondent bank line of credit at a favorable rate of 3.85% and $18.0 million of subordinated notes outstanding at a favorable rate of 3.75%. The weighted average cost on all borrowings for the quarter was 4.33%, resulting in $0.6 million in interest expense. The $63.0 million of total wholesale funding at September 30, 2023, was a $35.0 million reduction from the level of wholesale funding carried at the end of the first and second quarters of 2023.

The Bank’s liquidity position remained strong with a primary liquidity ratio (cash and cash equivalents, deposits held in other banks and unpledged AFS securities as a percentage of total assets) of 17.2% at September 30, 2023, compared to 19.2% at June 30, 2023.

As of September 30, 2023, the Bank had available and unused, secured borrowing capacity with the FHLB of San Francisco totaling $230.8 million. In addition to availability through the Federal Reserve Bank’s Term Funding Program, the Bank also had $110.0 million of unused fed funds lines of credit with correspondent banks at September 30, 2023. Available contingent funding sources remain robust.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $410.3 million, or 37.3% of total deposit balances as of September 30, 2023. The actual level of uninsured deposits is lower than the percentage stated above, as our knowledgeable bankers have helped clients obtain more than $250,000 of FDIC insurance with vesting structures such as joint accounts, payable upon death accounts, and revocable trust accounts with multiple beneficiaries. In addition, the Bank can offer up to $50 million of FDIC pass-through insurance to clients via the IntraFi network Insured Cash Sweep (“ICS”) or Certificate of Deposit Account Registry System (“CDARS”) products.

Shareholders’ Equity

Total shareholders’ equity was $92.4 million at September 30, 2023, a $0.4 million or 0.5% decrease since June 30, 2023, and an increase of $10.2 million or 12.4% over the prior year. The tax adjusted unrealized loss on securities, which is a component of equity (accumulated other comprehensive income or “AOCI”), increased from $23.4 million at the end of the second quarter of 2023 to $26.7 million at the end of the third quarter of 2023. The Bank fully expects to receive all principal when the investments mature.

Company Profile

American Riviera Bancorp (OTCQX: ARBV) is a registered bank holding company headquartered in Santa Barbara, California. American Riviera Bank, the 100% owned subsidiary of American Riviera Bancorp, is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers on the Central Coast of California. The state-chartered bank opened for business on July 18, 2006, with the support of local shareholders. Full-service branches are located in Santa Barbara, Montecito, Goleta, Santa Maria, San Luis Obispo, and Paso Robles. The Bank provides commercial business, commercial real estate, residential mortgage, construction, and Small Business Administration lending services as well as convenient online and mobile technology. For thirteen consecutive years, the Bank has been recognized for strong financial performance by the Findley Reports and has received the highest “Super Premier” rating from Findley every year since 2016. The Bank was rated “Outstanding” by the Federal Deposit Insurance Corporation in 2023 for its performance under the Community Reinvestment Act.

Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, effects of interest rate changes, ability to control costs and expenses, impact of consolidation in the banking industry, financial policies of the US government, and general economic conditions.


American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)
		September 30,			September 30,			One Year			One Year
			2023			2022		$ Change			% Change
Assets
	Cash & Due From Banks	$	26,905		$	178,882		$	(151,977	)	-85	%
	Available-for-sale securities		206,842			222,910			(16,068	)	-7	%
	Held-to-maturity securities, net		41,309			41,241			68		0	%

	Loans		941,124			886,208			54,916		6	%
	Allowance For Credit Losses		(11,647	)		(10,500	)		(1,147	)	11	%
	Net Loans		929,477			875,708			53,769		6	%

	Premise & Equipment		14,686			9,649			5,037		52	%
	Goodwill and Other Intangibles		4,934			4,984			(50	)	-1	%
	Other Assets		44,653			38,033			6,620		17	%
Total Assets		$	1,268,806		$	1,371,407		$	(102,601	)	-7	%


Liabilities & Shareholders' Equity
	Non-interest-bearing Deposits	$	457,723		$	519,796		$	(62,073	)	-12	%
	Interest-bearing Deposits		643,750			744,052			(100,302	)	-13	%
	Total Deposits		1,101,473			1,263,848			(162,375	)	-13	%

	Borrowed Funds		63,000			18,000			45,000		250	%
	Other Liabilities		11,976			7,425			4,551		61	%
	Total Liabilities		1,176,449			1,289,273			(112,824	)	-9	%

	Common Stock		67,108			57,123			9,985		17	%
	Retained Earnings		51,972			49,722			2,250		5	%
	Other Capital		(26,723	)		(24,711	)		(2,012	)	08	%
	Total Shareholders' Equity		92,357			82,134			10,223		12	%

Total Liabilities & Shareholders' Equity		$	1,268,806		$	1,371,407		$	(102,601	)	-7	%

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)
		September 30,			June 30,			March 31,			December 31,			September 30,
			2023			2023			2023			2022			2022
Assets
	Cash & Due From Banks	$	26,905		$	30,428		$	64,252		$	61,801		$	178,882
	Available-for-sale securities		206,842			215,951			223,547			223,281			222,910
	Held-to-maturity securities		41,309			41,295			41,274			41,293			41,241

	Loans		941,124			945,389			924,761			907,685			886,208
	Allowance for Credit Losses ^(a)		(11,647	)		(11,638	)		(11,468	)		(10,626	)		(10,500	)
	Net Loans		929,477			933,751			913,293			897,059			875,708

	Premise & Equipment		14,686			14,842			14,098			12,347			9,649
	Goodwill and Other Intangibles		4,934			4,936			4,942			4,947			4,984
	Other Assets		44,653			43,851			40,588			40,931			38,033
Total Assets		$	1,268,806		$	1,285,054		$	1,301,994		$	1,281,659		$	1,371,407


Liabilities & Shareholders' Equity
	Non-interest-bearing Deposits	$	457,723		$	442,078		$	460,667		$	478,519		$	519,796
	Interest-bearing Deposits		643,750			640,359			638,986			685,008			744,052
	Total Deposits		1,101,473			1,082,437			1,099,653			1,163,527			1,263,848

	Borrowed Funds		63,000			98,000			98,000			18,000			18,000
	Other Liabilities		11,976			11,819			12,785			13,036			7,425
	Total Liabilities		1,176,449			1,192,256			1,210,438			1,194,563			1,289,273

	Common Stock		67,108			66,836			67,411			66,346			57,123
	Retained Earnings		51,972			49,324			46,251			44,672			49,722
	Other Capital		(26,723	)		(23,362	)		(21,075	)		(23,922	)		(24,711	)
	Total Shareholders' Equity		92,357			92,798			91,556			87,096			82,134

Total Liabilities & Shareholders' Equity		$	1,268,806		$	1,285,054		$	1,301,994		$	1,281,659		$	1,371,407


Note:
(a) CECL was adopted using the modified retrospective method. Results of reporting periods beginning after 1/1/23 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP.

American Riviera Bancorp and Subsidiaries
Statement of Income (unaudited)
(dollars in thousands, except per share data)
		Quarter Ended								Nine Months Ended
		September 30,			September 30,					September 30,			September 30,
			2023			2022		Change			2023			2022		Change
Interest Income
	Interest and Fees on Loans	$	12,134		$	10,161		19	%	$	35,130		$	28,116		25	%
	Fees on PPP Loans		-			199		-100	%		-			1,320		-100	%
	Interest on Securities		1,664			1,539		8	%		5,189			3,496		48	%
	Interest on Due From Banks		221			1,046		-79	%		761			1,726		-56	%
	Total Interest Income		14,019			12,944		8	%		41,080			34,658		19	%

Interest Expense
	Interest Expense on Deposits		2,514			266		846	%		5,753			693		731	%
	Interest Expense on Borrowings		618			169		266	%		2,044			402		409	%
	Total Interest Expense		3,131			435		620	%		7,797			1,094		613	%

Net Interest Income			10,888			12,509		-13	%		33,283			33,564		-1	%
	Provision for Credit Losses		8			122		-94	%		170			1,038		-84	%
Net Interest Income After Provision			10,880			12,387		-12	%		33,112			32,526		2	%

Non-Interest Income
	Service Charges, Commissions and Fees		467			602		-22	%		1,694			1,945		-13	%
	Other Non-Interest Income		225			210		7	%		514			724		-29	%
	Total Non-Interest Income		692			812		-15	%		2,208			2,668		-17	%

Non-Interest Expense
	Salaries and Employee Benefits		4,599			4,717		-2	%		14,128			13,353		6	%
	Occupancy and Equipment		862			777		11	%		2,635			2,299		15	%
	Other Non-Interest Expense		2,452			2,260		8	%		7,094			6,273		13	%
	Total Non-Interest Expense		7,912			7,754		2	%		23,858			21,925		9	%

Net Income Before Provision for Taxes			3,660			5,446		-33	%		11,462			13,269		-14	%
Provision for Taxes			1,011			1,645		-39	%		3,154			3,739		-16	%
Net Income		$	2,648		$	3,800		-30	%	$	8,308		$	9,531		-13	%

	Shares Outstanding		5,771,679			5,693,820		1	%		5,771,679			5,693,820		1	%
	Earnings Per Share - Basic	$	0.46		$	0.67		-31	%	$	1.44		$	1.67		-14	%
	Return on Average Assets		0.80	%		1.08	%	-26	%		0.88	%		0.95	%	-7	%
	Return on Average Equity		10.98	%		17.26	%	-36	%		12.31	%		14.72	%	-16	%
	Net Interest Margin		3.47	%		3.69	%	-6	%		3.58	%		3.39	%	6	%

	Note> Share data for prior periods has been adjusted to reflect stock dividends

American Riviera Bancorp and Subsidiaries
Five Quarter Statements of Income (unaudited)
(dollars in thousands, except per share data)
		Three Months Ended
		September 30,		June 30,		March 31,		December 31,		September 30,
		2023		2023		2023		2022		2022
Interest Income
	Interest and Fees on Loans	$	12,134	$	11,794	$	11,200	$	11,081	$	10,160
	Fees on PPP Loans		-		-		1		-		199
	Interest on Securities		1,664		1,792		1,733		1,716		1,539
	Interest on Due From Banks		221		265		276		1,323		1,046
	Total Interest Income		14,019		13,851		13,210		14,120		12,944

Interest Expense
	Interest Expense on Deposits		2,514		1,965		1,274		669		266
	Interest Expense on Borrowings		618		1,006		421		169		169
	Total Interest Expense		3,131		2,971		1,695		838		435

Net Interest Income			10,888		10,880		11,515		13,282		12,509
	Provision for Credit Losses		8		163		-		109		122
Net Interest Income After Provision			10,880		10,717		11,515		13,173		12,387

Non-Interest Income
	Service Charges, Commissions and Fees		467		764		463		522		602
	Other Non-Interest Income		225		222		66		157		210
	Total Non-Interest Income		692		987		529		679		812

Non-Interest Expense
	Salaries and Employee Benefits		4,599		4,588		4,942		4,948		4,717
	Occupancy and Equipment		862		868		905		856		777
	Other Non-Interest Expense		2,452		2,508		2,134		2,561		2,260
	Total Non-Interest Expense		7,912		7,964		7,981		8,365		7,754

Net Income Before Provision for Taxes			3,660		3,740		4,063		5,487		5,446
Provision for Taxes			1,011		1,052		1,090		1,524		1,645
Net Income		$	2,648	$	2,687	$	2,973	$	3,963	$	3,800

	Shares Outstanding		5,771,679		5,772,012		5,763,854		5,692,161		5,693,820
	Earnings Per Share - Basic	$	0.46	$	0.47	$	0.52	$	0.70	$	0.67

	Net Income pre-tax, pre-provision, pre-PPP fees (Non-GAAP)	$	3,668	$	3,902	$	4,062	$	5,596	$	5,369

	Note> Share data for prior periods has been adjusted to reflect stock dividends

American Riviera Bancorp and Subsidiaries
Selected Financial Highlights (unaudited)
(dollars in thousands, except per share data)
		At or for the Three Months Ended
		September 30,			June 30,			March 31,			December 31,			September 30,
			2023			2023			2023			2022			2022
Income and performance ratios:
	Net Income	$	2,648		$	2,687		$	2,973		$	3,963		$	3,800
	Earnings per share - basic ^(f)		0.46			0.47			0.52			0.70			0.67
	Return on average assets		0.80	%		0.85	%		0.98	%		1.14	%		1.08	%
	Return on average equity		10.98	%		11.84	%		14.22	%		19.12	%		17.26	%
	Cost of Funds		1.06	%		1.02	%		0.59	%		0.26	%		0.16	%
	Cost of Deposits		0.90	%		0.73	%		0.45	%		0.21	%		0.08	%
	Net interest margin		3.47	%		3.51	%		3.76	%		3.94	%		3.69	%
	Efficiency ratio ^(b)		68.79	%		66.97	%		65.52	%		60.21	%		58.58	%

Asset quality:
	Allowance for credit losses	$	11,647		$	11,638		$	11,468		$	10,626		$	10,500
	Nonperforming assets		2,708			2,818			2,955			3,066			6,337
	Allowance for credit losses / total loans and leases		1.24	%		1.23	%		1.24	%		1.17	%		1.18	%
	Net charge-offs / average loans and leases (annualized)		0.00	%		0.00	%		0.00	%		0.00	%		-0.04	%
	Texas ratio ^(a)		2.73	%		2.83	%		3.01	%		3.30	%		6.07	%

Capital ratios for American Riviera Bank^(c):
	Tier 1 risk-based capital		12.14	%		12.02	%		11.96	%		11.85	%		11.68	%
	Total risk-based capital		13.28	%		13.17	%		13.12	%		12.89	%		12.73	%
	Tier 1 leverage ratio		10.12	%		9.95	%		9.67	%		8.83	%		8.48	%

Capital ratios for American Riviera Bancorp^(c):
	Tier 1 risk-based capital		10.52	%		10.39	%		10.32	%		10.22	%		10.05	%
	Total risk-based capital		13.31	%		13.22	%		13.21	%		12.99	%		12.87	%
	Tier 1 leverage ratio		8.77	%		8.60	%		8.32	%		7.62	%		7.29	%
	Tangible common equity ratio		6.92	%		6.86	%		6.68	%		6.43	%		5.65	%

Equity and share related^(f):
	Common equity	$	92,357		$	92,798		$	91,556		$	87,096		$	82,134
	Book value per share		16.00			16.08			15.88			15.30			14.43
	Tangible book value per share		15.15			15.22			15.03			14.43			13.55
	Tangible book value per share, excluding AOCI ^(d)		19.78			19.27			18.68			18.63			17.89
	Stock closing price per share		16.15			15.20			16.81			17.00			17.15
	Number of shares issued and outstanding ^(e)		5,771.68			5,772.01			5,763.85			5,692.16			5,693.82

Notes:
	(a) The sum of Nonperforming assets and Other Real Estate Owned, divided by the sum of Total Shareholder Equity and Total Allowance for Credit Losses (less Preferred Stock and Intangible Assets).
	(b) Annualized Operating Expense excluding Provision for Credit Losses minus Annualized Extraordinary Expense, divided by Annualized Interest Income including Loan Fees minus Annualized Interest Expense plus Annualized Non-Interest Income minus Annualized Extraordinary Income, expressed as a percentage.
	(c) Current period capital ratios are preliminary.
	(d) Accumulated Other Comprehensive Income (AOCI), is comprised of the tax adjusted unrealized loss on securities and is presented as Other Capital on the Balance Sheet.
	(e) Prior period number of shares issued and outstanding are adjusted for respective 10% stock dividend recorded as of November 24, 2022.
	(f) Share data for prior periods has been adjusted to reflect stock dividends

View source version on businesswire.com: https://www.businesswire.com/news/home/20231026296576/en/

Contacts:

American Riviera Bank
www.americanriviera.bank
805-965-5942
Michelle Martinich

Source: American Riviera Bancorp