Edition:
India

American River Bankshares (AMRB.OQ)

AMRB.OQ on NASDAQ Stock Exchange Global Select Market

14.94USD
17 Nov 2017
Change (% chg)

$0.03 (+0.20%)
Prev Close
$14.91
Open
$14.90
Day's High
$14.94
Day's Low
$14.81
Volume
2,020
Avg. Vol
2,524
52-wk High
$15.90
52-wk Low
$12.97

Summary

Name Age Since Current Position

Charles Fite

57 2001 Independent Chairman of the Board

David Ritchie

59 2017 President, Chief Executive Officer, Director

Mitchell Derenzo

53 1995 Chief Financial Officer, Executive Vice President

Kevin Bender

51 2009 Chief Operating Officer, Executive Vice President

Loren Hunter

57 2014 Executive Vice President, Chief Credit Officer

Stephen Waks

68 Corporate Secretary, Independent Director

Jeffery Owensby

2017 Director

Kimberly Box

56 2012 Independent Director

William Robotham

73 2004 Independent Director

Philip Wright

68 2009 Independent Director

Michael Ziegler

70 2002 Independent Director

Biographies

Name Description

Charles Fite

Mr. Charles D. Fite is Independent Chairman of the Board of American River Bankshares., since May 16, 2001. His Principal Occupation: President, Fite Development Company in Sacramento since 1980. President, Fite Properties Inc. since 1999 and President, Fite Construction Inc. since 1999. Mr. Fite is President of the Fite Development Company, founded in 1970 by D. Bruce Fite. As President, Mr. Fite is involved in all aspects of the company’s operations including development, management, marketing and financing of both existing and proposed projects. Mr. Fite serves as Chair of the American River Bankshares Foundation, a non-profit organization whose mission is to serve the needs of the most vulnerable women and children within our communities. Mr. Fite is a licensed real estate broker and has over 30 years of experience as a real estate developer. He has been the Chairman of the Board of American River Bankshares since 2001. Mr. Fite’s qualifications to serve as Chairman of our Board include his business acumen, integrity, leadership and knowledge of the commercial real estate market, as well as his community service.

David Ritchie

Mr. David Ritchie has been appointed as President, Chief Executive Officer, Director of the Company effective as of November 1, 2017. Mr. Ritchie with over 31 years of banking experience. Starting his banking career in 1986 with, and continuing for 25 years at Wells Fargo Bank, National Association (“Wells Fargo”), including three years in the Sacramento Regional Commercial Banking Office, Mr. Ritchie worked in the Commercial Banking Group for 24 years, ultimately as Executive Vice President responsible for the management of the Regional Commercial Banking Office in Irvine, California – one of the largest banking offices in the Wells Fargo system. He also served as Executive Vice President and started the regional commercial banking office in Irvine, California, for OneWest Bank between November 2011 and June 2014. Between June 2014 until his resignation in October 2017 to accept his position with the Company, Mr. Ritchie served as Senior Vice President and head of the Regional Commercial Banking Office in Torrance, California, for U.S. Bank National Association.

Mitchell Derenzo

Mr. Mitchell A. Derenzo is Chief Financial Officer, Executive Vice President of American River Bankshares since 1995. He is Chief Financial Officer of American River Bank since 1992.

Kevin Bender

Mr. Kevin B. Bender is Chief Operating Officer, Executive Vice President of American River Bankshares., since September 14, 2009. He was Executive Vice President and Chief Information Officer of American River Bankshares from 2005 to 2009.

Loren Hunter

Mr. Loren E. Hunter has been appointed as Executive Vice President, Chief Credit Officer of the Company, effective May 12, 2014. Mr. Hunter has over 28 years of industry experience, most recently spending seven years as Vice President, Regional Credit Officer at Rabobank. He has also served in various credit and relationship management roles with Bank of the West, Citibank, California Bank & Trust and Bank of America. Mr. Hunter has a B.A. in Economics from Stanford University.

Stephen Waks

Mr. Stephen H. Waks is Corporate Secretary, Independent Director of American River Bankshares. Mr. Waks has been a practicing attorney for more than 40 years, including more than 35 years practicing law in Sacramento. His law practice has focused on real estate law, tax law and business law. In his law practice, Mr. Waks has developed expertise in dealing both on a business level and on a legal level with many banks and financial institutions. He has also represented many clients as they negotiated and documented business and real estate loans. His knowledge of the real estate market and his experience has made him knowledgeable about the opportunities that exist for a community bank to improve its services and operations and makes his continued service to the Board a valuable asset.

Jeffery Owensby

Kimberly Box

Ms. Kim Box is Independent Director of American River Bankshares., since July 19, 2012. Ms. Box is President and CEO of Kamere, Inc. and a former Hewlett Packard Vice President with vast experience in the IT industry. Over her 30 year career, she has worked in IT outsourcing services, customer support of product services and internal IT services where she has led an organization with close to a $1 billion operating budget in over 100 locations around the world. Ms. Box is also very active in the community, having served on the board of directors of several not-for- profit organizations. She is also a dynamic international keynote speaker on topics including leadership, diversity and transformation and has authored the book, “Woven Leadership – The Power of Diversity to Transform Your Organization for Success.” Ms. Box is currently Chairman of American River Bank’s Loan Committee. Her extensive experience in the IT industry, her entrepreneurial acumen and her active involvement in the community provides valuable insight and contribution to our Board.

William Robotham

Mr. William A. Robotham is an Independent Director of American River Bankshares since January 1, 2004. His Principal Occupation: Executive Partner, Pisenti & Brinker LLP, Certified Public Accountants in Santa Rosa since 1996. Mr. Robotham has been a Certified Public Accountant since 1967. He joined Pisenti & Brinker LLP in 1966, became a partner in 1969, managing partner in 1983 and executive partner in 1996. He has served as the partner-in-charge of the Auditing and Accounting department, the Tax department and the Management Advisory Services department. Mr. Robotham currently works in tax, general practice and management consulting for the firm. Mr. Robotham is currently Vice Chairman of the Board of American River Bankshares and serves as the Chairman of the Audit Committee for American River Bankshares. Mr. Robotham was a Founder and a Director of North Coast Bank. He remained on the North Coast Bank Board until 2003 when North Coast Bank was merged into American River Bank. He joined the American River Bank Board in 2004. Mr. Robotham has also been the President of Randal Nutritional Products, Inc. (“Randal”) since 2000. Randal is based in Santa Rosa and has been manufacturing nutritional products since 1947. Mr. Robotham is also a Founding Board Member of the American River Bankshares Foundation and serves as the Foundation’s Vice Chairman. Mr. Robotham’s experience in public and private business and his more than 40 years of experience in the field of public accounting led us to conclude he should serve on our Board.

Philip Wright

Mr. Philip A. Wright is Independent Director of American River Bankshares. His Principal Occupation: Real Estate Broker and Owner of Wright Investment Inc. dba Wright Realty since 1984; Developer, Wright Investment since 1984 and President, Trowbridge & Wright Investment Inc. since 1976. Mr. Wright was a founding member of North Coast Bank and was the first Chairman of the Board from 1990 to 1995. He remained on the North Coast Bank Board until 2003 and joined the American River Bank Board in 2004 when the two banks merged. Mr. Wright was named to the American River Bankshares Board in 2009. Mr. Wright has been an active real estate agent/broker for over 35 years. He owned a mortgage company for four years and presently manages his own real estate business. Mr. Wright has been involved in subdividing and marketing land in Sonoma County since 1977, which included processing all governmental permits, project financing, budgets, construction bidding and overseeing construction of the final project. Mr. Wright’s extensive experience in the real estate business as well as in the banking industry qualifies him to serve as a member of our Board.

Michael Ziegler

Mr. Michael A. Ziegler is an Independent Director of American River Bankshares., since September 19, 2002. His Principal Occupation: President and Chief Executive Officer of Pride Industries in Roseville, California. As President/CEO of PRIDE Industries, Mr. Ziegler oversees a company with over $280 million in sales and more than 5,300 part-time and full time employees working throughout the country. Mr. Ziegler attended San Francisco State University and completed his MBA at the University of San Francisco. He was a graduate of the Stanford Small Business Executive Program and has an Honorary Ph.D. from the Golden Gate University. His entrepreneurial background revolves around business ownership, sales/marketing and leadership. He serves on the board of directors of California Chamber of Commerce, Teichert Inc., PRIDE Foundation, and he is a Founding member of the board of directors and a Senior Fellow of the American Leadership Forum Mountain Valley Chapter. Mr. Ziegler’s experience in running a large-scale company including his involvement in many academic and community activities makes him a valuable member of our Board.