Dan McGregor Named Chief Credit Officer at American River Bank
04 May 2018 - 7:37AM
American River Bankshares (NASDAQ–GS:AMRB), the parent company of
American River Bank, today announced that Dan McGregor has been
named Executive Vice President and Chief Credit Officer.
McGregor will be responsible for the management of credit
evaluation and risk analytics for lending at American River Bank,
including underwriting, loan review process and policy and risk
management.
“As we expand our commercial lending capabilities and execute on
our strategic initiatives, we need an experienced industry leader
like Dan who can establish a strong foundation, while also
developing scalable processes to keep up with the changes we
anticipate for our business lending,” said David E. Ritchie,
President and CEO of American River Bankshares. “His strong
credit background and superior risk management skills make him an
excellent fit to round out our executive team.”
Mr. McGregor has over 30 years of industry experience, including
multiple appointments as Chief Credit Officer for successful
financial institutions across the state of California. His most
recent role was that of Loan/Compliance Consultant for AuditOne,
LLC as an independent contractor. Mr. McGregor holds a B.S. in
Business from Pepperdine University.
About American River BanksharesAmerican River
Bankshares (NASDAQ-GS: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 (800) 544-0545 or visit
AmericanRiverBank.com.
Forward-Looking StatementsCertain 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, 2017, 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. Derenzo, Executive Vice President
& Chief Financial OfficerAmerican River
Bankshares916-231-6723
Media Contact:Erica Dias, Vice President, Marketing &
Community EngagementAmerican River Bankshares916-231-6717
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