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River City Bank Announces Restructure of Risk Management Department
SACRAMENTO, CA – River City Bank’s President and CEO Steve Fleming recently announced the restructure of the bank’s risk management department, which will be implemented Nov. 1, 2023. The reorganization will create a completely independent internal audit department, implementing best practices to ensure the highest levels of risk mitigation and compliance. River City Bank believes…
River City Bank Announces Promotion of New CFO
SACRAMENTO, CA – River City Bank (the Bank) announced that Brian Killeen has been named Chief Financial Officer effective October 18, 2023. After serving as the Bank’s Controller since 2007, Mr. Killeen was appointed Interim Chief Financial Officer on July 3, 2023. Prior to joining the Bank, Mr. Killeen spent seven years working for KPMG LLP…
River City Bank Reports Net Income of $16.3 Million for the Third Quarter of 2023, $43.6 Million Year to Date and a Quarterly Cash Dividend
SACRAMENTO, CA -River City Bank (the Bank) reported net income of $16.3 million, or $10.94 per diluted share, for the quarter ending September 30, 2023, which compares favorably to the $11 million, or $7.43 per diluted share, for the same period in 2022. Net income was $43.6 million or $29.22 per diluted share for the…
River City Bank Reports a Quarterly Cash Dividend on Common Shares – (Q2 2023)
SACRAMENTO, CA – 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 $14.4 million or $9.65 diluted earnings per share for the quarter ending June 30, 2023, a cash dividend of $0.35 per…
River City Bank Reports Net Income of $14.4 Million for the Second Quarter of 2023 and $27.3 Million Year to Date
SACRAMENTO, CA -River City Bank (the Bank) reported net income of $14.4 million, or $9.65 per diluted share, for the quarter ending June 30, 2023, which compares favorably to the $8.9 million, or $5.98 per diluted share, for the same period in 2022. Net income was $27.3 million or $18.28 per diluted share for the…
River City Bank Announces New Interim Chief Financial Officer
SACRAMENTO, CA – 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 the…