| Business Summary | | American
River
Holdings
is
a
bank
holding
company
incorporated
in
1995.
The
Company
owns
100%
of
the
issued
and
outstanding
common
shares
of
American
River
Bank.
American
River
Bank
operates
four
banking
offices
in
Placer
and
Sacramento
Counties,
California.
American
River
Bank
accepts
checking
and
savings
deposits,
offers
money
market
deposit
accounts
and
certificates
of
deposit,
and
makes
secured
and
unsecured
commercial,
secured
real
estate,
and
other
installment
and
term
loans.
American
River
Bank
owns
100%
of
two
inactive
companies,
ARBCO
and
American
River
Mortgage.
ARBCO
was
formed
in
1984
to
conduct
real
estate
development
and
has
been
inactive
since
1995.
American
River
Mortgage
has
been
inactive
since
its
formation
in
1994.
The
Company
also
owns
100%
of
First
Source
Capital,
which
was
formed
in
July
1999
to
conduct
lease
financing
for
most
types
of
business
assets,
from
computer
software
to
heavy
earth-moving
equipment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
River
Holdings
is
a
bank
holding
company
for
American
River
Bank,
a
state
chartered
bank
with
offices
in
California.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$11.1
million.
Net
interest
income
after
loan
loss
provision
rose
13%
to
$6.9
million.
Net
income
rose
10%
to
$1.9
million.
Net
interest
income
reflects
higher
earning
asset
balances,
along
with
decreased
interest
on
deposits.
Earnings
suffered
from
increased
salaries
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Fite, 43 Chairman | -- | David Taber, 40 Pres,
CEO, Director | $370K | Roger Taylor, 55 Vice
Chairman | -- | Mitchell Derenzo, 39 CFO,
Exec. VP | 132K | William Young, 59 Pres
and CEO, American River Bank | 370K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|