Dennis Raymond Named Chief Lending Officer of American River Bank
December 07 2017 - 11:15AM
American River Bank and American River Bankshares (NASDAQ:AMRB)
today announce the appointment of Dennis Raymond to the newly
created role of Executive Vice President and Chief Lending Officer.
Mr. Raymond will oversee the loan production for the Company.
“I am pleased to be joining the American River Bank team,”
Raymond said. “The organization has built and maintained strong
relationships with the business community. I look forward to
continuing that legacy while also leading new development
activities.”
Raymond brings more than 25 years of lending experience in
California and Nevada markets to his new role. Prior to joining
American River Bank, he worked for Farmers & Merchants Bank as
Senior Vice President/Market Manager in Sacramento and Irwin Union
Bank where he was Senior Vice President/Market President for
Sacramento & Reno. While at F&M, he oversaw the Bank’s
commercial loan division and led collaborative sales efforts with
lending, retail, treasury management, small business and mortgage
teams. Raymond holds a BA in Economics from the University of
California at Davis.
“The move to bring a Chief Lending Officer to the team signifies
our strong commitment to loan growth,” said David E. Ritchie Jr.,
President and Chief Executive Officer of American River Bank.
“Dennis has demonstrated abilities in key areas we have planned for
expansion and his extensive experience brings value to clients,
employees and shareholders,” Ritchie continued. “His broad banking
background and vast knowledge of commercial lending, credit and
management will be a great asset to the Bank.”
Raymond is active in the community, currently holding board
positions with Visit Sacramento and the Power Inn Alliance and he
serves on leadership committees with the American Heart Association
and Sierra Forever Families.
About American River Bankshares American River
Bankshares (NASDAQ:AMRB) is the parent company of American River
Bank, a regional bank serving Northern California since 1983. We
give business owners more REACH by offering financial expertise and
exceptional service to complement a full suite of banking products
and services. Our honest approach, commitment to community and
focus on profitability is intended to lead our clients to greater
success. For more information, call (916) 851.0123 or visit
AmericanRiverBank.com.
Forward-Looking Statements Certain statements
contained herein are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and subject to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
which involve risks and uncertainties. Actual results may
differ materially from the results in these forward-looking
statements. Factors that might cause such a difference
include, among other matters, changes in interest rates, economic
conditions, governmental regulation and legislation, credit
quality, and competition affecting the Company’s businesses
generally; the risk of natural disasters and future catastrophic
events including terrorist related incidents; and other factors
discussed in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2016, and in subsequent reports filed on Form
10-Q and Form 8-K. The Company does not undertake any
obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information,
future events or otherwise, except as required by law.
Investor Contact:Mitchell A. DerenzoChief Financial
OfficerAmerican River Bankshares916-231-6723
Media Contact: Erica Thompson DiasVice
President, MarketingAmerican River Bankshares 916-231-6717
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