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River City Bank reports 2018 first quarter net income of $5.5 million
SACRAMENTO, CA – April 19, 2018 – River City Bank (the Bank) reported net income of $5.5 million, or $3.82 per diluted share, for the quarter ending March 31, 2018, which compares favorably to the $4.2 million, or $2.93 per diluted share, for the same period in 2017. The improved net income versus the prior year quarter…
Kelly Foundation awards $100,000 grant to Sacramento Cottage Housing, Inc.
2017 Major Gift already aiding nonprofit agency’s evolution to become self-sustainable SACRAMENTO, CA -March 13, 2016 –The Kelly Foundation awarded its 2017 Major Gift of $100,000 to Sacramento Cottage Housing, Inc., a not-for-profit agency that provides long-term housing and a supportive living environment for formerly homeless individuals and families. The award constituted the Kelly Foundation’s largest single donation of…
Record-setting 2017 prompts $1,000 employee bonuses from River City Bank
SACRAMENTO, CA – January 30, 2018 – River City Bank, Sacramento’s premier business bank, is awarding each employee at the Vice President level and below a $1,000 bonus following a successful 2017 fiscal year. The bank recently reported a record-setting $2 billion in total assets and a net income of $16.7 million for 2017. In recognition of…
River City Bank reports record net income of $16.7 million for 2017
SACRAMENTO, CA – January 25, 2018 – River City Bank (the Bank) reported record net income of $16.7 million, or $11.52 per diluted share, for the year ending December 31, 2017, which was $1.8 million more than the $14.9 million, or $10.34 per diluted share, for the year ending December 31, 2016. The Bank’s earnings for…
Kelly Foundation awards $100,000 to American Red Cross for Wildfire Relief
Major Gift earmarked exclusively for communities devastated and recovering SACRAMENTO, CA – December 5, 2017 – The Kelly Foundation, of which River City Bank is a major contributor, has awarded its 2018 Major Gift of $100,000 to the American Red Cross Gold Country Region. The money is to be used exclusively to help those devastated…
Newly Formed Region Finance Announces City of Elk Grove as First Partner
New trade association aims to leverage $1 billion of local funds for economic growth Sacramento, CA – November 9, 2017 – Region Finance, a newly formed trade association, is aiming to advance regional economic growth by encouraging Sacramento region municipalities to invest $1 billion of its funds into local community banks in the six-county Sacramento…