July 17, 2008
Pleased with Results; Loan Challenges Manageable
On July 17, 2008, David T. Taber, President and CEO, and Mitchell A. Derenzo, Executive Vice President and Chief Financial Officer, both of American River Bankshares, held a live forty-five minute presentation and Q&A to discuss second quarter 2008 financial results.
David Taber opened the call with these remarks: “I am pleased with the efforts and results of the entire American River Bankshares team. We are strongly capitalized, our business is profitable and our core business is growing. While we have a handful of loan challenges, they’re manageable.”
“I am fortunate to have an engaged board, a very hard-working executive team and a Company with 125 talented teammates, who take care of a very wonderful group of clients.”
“As I have said many times, I believe it’s a simple business - it’s just not easy.”
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