American Riviera Bank Reports Strong Growth and Innovative Technology

American Riviera Bank (OTCBB:ARBV) announced today unaudited net income of $286,000 ($0.11 per share) for the first quarter ended March 31, 2014.

The Bank’s focus on building relationships and addressing the lending needs of our community has resulted in strong growth in loans. In the first quarter of 2014, American Riviera Bank originated $14.5 million of new loans locally. The Bank reported $148 million in average loans for the quarter ending March 31, 2014, which represents a 14% increase from the same reporting period last year. Loan quality remains high with no other real estate owned and no loans past due 30 or more days at March 31, 2014.

American Riviera Bank has also experienced consistent growth in deposits, reporting $42 million in non-interest bearing demand deposits at March 31, 2014, a 35% increase from March 31, 2013. Total deposits reached $157 million at March 31, 2014, a $19 million or 14% increase from the same reporting period last year.

American Riviera Bank is the only Santa Barbara-based community bank offering its customers the ability to deposit checks by mobile phone. Our electronic banking platform combines applications for Apple and Android devices, online banking, bill pay, and mobile deposit. There has been significant interest in our mobile banking capabilities with 78 new enrollees in the first quarter of 2014.

Jeff DeVine, President and Chief Executive Officer, stated, “The Bank is excited to deliver this innovative technology to our clients. By offering accounts that combine free ATM withdrawals at other banks nationwide and mobile phone deposits, our clients can truly withdraw and deposit anywhere and at any time.”

American Riviera Bank has $188 million in total assets, and maintains a strong capital position with Tier 1 Capital to total average assets of 13% as of March 31, 2014; well above the regulatory guideline of 5% for well capitalized institutions. The book value of one share of American Riviera Bank stock was $9.85 at March 31, 2014, an increase from $9.36 at March 31, 2013.

Company Profile

American Riviera Bank is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers in Santa Barbara and the surrounding community. The state-chartered bank opened for business on July 18, 2006, with the support of 400 local shareholders. Offices are located at 1033 Anacapa Street in Santa Barbara and 525 San Ysidro Road in Montecito. For 2013, the Bank was named a “Premier Performer” by the Findley Reports.

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 BankMichelle Martinich, 805-965-5942www.americanrivierabank.com

American Riviera Bancorp (QX) (USOTC:ARBV)
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