News

SACRAMENTO, Calif.— River City Bank (the Bank) announced today that Anker Christensen, Executive Vice President and Chief Financial Officer of the Bank, will step down effective July 3, 2023. Brian Killeen, currently the Bank’s Senior Vice President and Controller, has been appointed Interim Chief Financial Officer, effective July 3, 2023.  Mr. Killeen has been theRead more about RCB’s New Interim CFO

SACRAMENTO, CA – River City Bank has announced Rebecca Fabisch Miller as Executive Vice President, Commercial Banking Director. In this role, Fabisch Miller will focus on providing services to the Bank’s middle-market commercial clients. She will lead the Bank’s commercial banking team in expanding and enhancing RCB’s commercial deposit and lending presence throughout California. BeforeRead More about Rebecca Fabisch Miller

SACRAMENTO, Calif.—Steve Fleming, president and chief executive officer of River City Bank (the Bank), announced that the Bank’s board of directors has approved, in connection with the Bank’s recently reported net income of $12.9 million or $8.64 diluted earnings per share for the quarter ending March 31, 2023, a cash dividend of $0.35 per commonRead more about RCB’s 1Q 2023 Dividends

SACRAMENTO, Calif.,—River City Bank (the Bank) reported net income of $12.9 million, or $8.64 per diluted share, for the quarter ending March 31, 2023, which compares to the $16.5 million, or $11.10 per diluted share, for the same period in 2022. The prior year quarter net income benefitted by several non-recurring revenue sources, as follows:Read more about RCB’s 1Q 2023 Earnings

Find out how RCB founder Jon Kelly’s business plan, written on a cocktail napkin during a dinner at Frank Fat’s in Sacramento, was the catalyst for building the region’s largest, independent, locally-owned and managed bank. The Capital Region Family Business Center podcast, “A Seat at the Table,” will give you a glimpse of the historyListen to the "A Seat at the Table" Podcast

SACRAMENTO, Calif.—Steve Fleming, president and chief executive officer of River City Bank (the Bank), announced that the Bank’s board of directors has approved a 6 percent increase to the quarterly cash dividend from $0.33 per common share to $0.35 per common share. This increase was made in connection with the Bank’s recently reported net incomeRead more about RCB’s 4Q 2022 Dividends

SACRAMENTO, Calif. — River City Bank (the Bank) reported earnings for the fourth quarter of 2022 of $11.5 million, or $7.72 per share, compared to $9.8 million, or $6.63 per share in the fourth quarter of 2021. The Bank also reported its 7th consecutive year of record net income with $47.8 million or $32.22 per diluted share,Read More about RCB’s 4Q 2022 Earnings

River City Bank’s Clean Energy Division provided financing for the construction, installation, and operation of five Tesla Powerpack battery energy storage projects. Ventura Energy‘s battery energy storage systems enable water pumps to keep working even when an emergency public safety power shutoff occurs. These projects and others are critical to keeping California safe as theLearn more about Ventura Energy

RCB’s President and CEO, Steve Fleming, recently sat down with Moneta Ventures to talk about the bank’s investment strategy and how Small Business Investment Companies (SBICs) fit into it. Learn more about SBICs and the benefits of having a diverse portfolio.Read more about SBIC lending

Often operating in the background, the industrial real estate sector is in the midst of monumental shifts. The pandemic radically changed the way consumers receive goods and services. Increased online ordering and an explosion in data streaming have resulted in increased demand for warehouse space fulfilling retail orders direct to consumers and data storage centersRead more about the supply and demand imbalance