Sacramento Archives

February 29, 2024

Celebrating California Hall of Fame Honorees

River City Bank was honored to participate in this year's California Hall of Fame event at the California Museum in Downtown Sacramento. Governor Gavin Newsom and First Partner Jennifer Siebel Newsom inducted the 17th class of honorees, highlighting trailblazers who have embodied the California Spirit. Team RCB was in attendance to celebrate the newest class of inductees, including The Go-Go's, federal judge and civil rights leader Thelton E. Henderson, and basketball star Cheryl Miller, to name a few.

Needless to say, we are "Head Over Heels" with this year's Hall of Fame inductees and congratulate them all on this well-deserved honor.

To learn more about the California Museum and the California Hall of Fame, visit their website at www.californiamuseum.org.

February 26, 2024

Meet Brian Killeen

Brian Killeen is River City Bank's Chief Financial Officer. As CFO, Brian oversees its accounting, financial reporting, and treasury functions. Since his arrival at the Bank in 2007 as the Controller, he has gradually assumed additional responsibilities within the Finance Department and spearheaded several bank-wide initiatives. Brian joined us to chat about his passion for Bay Area sports teams, his new role at River City Bank, and the importance of his faith.

Hometown: I grew up in Davis, CA and still live there to this day. It has been a great place to raise our kids.

First Job: Outside of the standard yardwork and newspaper delivery jobs, my first real jobs were working at the local library and a pizza place.

Favorite Quote(s): “Some people make things happen, some people watch things happen and some people wondered what happened.”

Favorite Movie: Chariots of Fire – Some people view it as a slow movie, but it has multiple stories going on and one of the protagonists is Eric Liddell, a Christian hero of mine and missionary.

Favorite city to visit: My family and I have visited a number of great places, but I think my favorite city to visit is London. I especially like the historical places and museums to visit, but amidst a vibrant, modern city.

Favorite place in Sacramento/Bay Area/Southern California: I like to get away to Marin and enjoy hiking on Mt. Tamalpais.

First site or app you check in the morning: Wall Street Journal website.

What are you reading right now? “Six Days of War”. It’s a book about the Six Day War in Israel in 1967. Interesting to read, given the war that is currently going on in Israel/Gaza now.

Morning ritual: After a shower to wake up, I read several chapters in the Bible, spend some time praying and drink coffee. This helps me get in the right state of mind for the day.

Radio or podcasts? Generally radio, I like listening to Armstrong and Getty for news and current events. I do listen to the “Men in Blazers” podcast to get my fix for Premier League football talk.

Who is your favorite hero/heroine of fiction? I loved the Star Wars movies growing up and Luke Skywalker was my guy.

What is something people would be surprised to know about you? I’m a life-long Raiders fan. It has generally proven to be a recipe for suffering, but I haven’t been able to quit them.

Which causes/nonprofits do you support? Sacramento Life Center, they provide an important service to our community.

What did you want to be when you were a child? I wanted to play baseball for the San Francisco Giants. Unfortunately, this dream had to change by about the age of 14 or so.

What is your greatest extravagance? Probably the last house we purchased. It has a pool, which I never thought we would have or want.

What is your current state of mind? As a new CFO, I would say “invigorated” as I navigate the challenges and opportunities each day that come with the role.

What do you like best about working at River City Bank? I enjoy working for a community bank in the area that I live in and with a number of talented and dedicated people.

November 7, 2023

PBS KVIE Celebrates Local Art

Photo of three people standing in front of a building.

River City Bank was on hand to support the PBS KVIE Art Auction, an annual broadcast and livestream event celebrating the artwork of Northern California artists and California masters. For over 40 years, professional artists throughout the region have donated their artwork to the annual art auction, which serves as PBS KVIE's largest single fundraising event. Over 270 works of art were selected for entry into the 2023 auction.

PBS KVIE receives additional support from regional framing businesses, distinguished art experts and arts educators, and over 100 volunteers who assist with artwork moving, exhibit installation, broadcast presentation, event support, and taking live bids on the phone. The art auction is an exciting, community-supported event over three days every fall.

Thank you, PBS KVIE, for supporting the exceptional artists in our region.

October 18, 2023

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 nine months ending September 30, 2023, which compares favorably to the $36.3 million or $24.51 per diluted share for the nine months ending September 30, 2022. The Bank’s earnings for the first nine months ending September 30, 2023 represented a healthy 15.4% return on equity capital and 1.34% return on assets.

Significant items impacting quarterly net income for September 30, 2023 and 2022 include the following:

Higher loan balances – Average loan outstandings were $513 million higher than the prior year quarter, thereby increasing net interest income.
Increased net interest margin (NIM) – For the current quarter, NIM has increased to 2.87% from 2.72% in the prior year quarter. Year-to-date NIM has increased to 2.86% from 2.59% in the prior year through nine months. The Bank has seen a benefit in NIM as market rates have increased over these timeframes.
The provision for credit losses for the current quarter of $4.6 million was higher than the $3.7 million for the prior year quarter. The increase in the provision for credit losses in 2023 reflects the growth in the Bank’s loans this year and concern for continued deterioration in the office segment of the Bank’s commercial real estate portfolio. For the nine months ending September 30, 2023, the provision for credit losses was $12.6 million – notwithstanding an absence of actual loan losses during that period.
The Bank recognized $2.4 million in mark-to-market gains on interest rate swaps for the current quarter compared to none in the prior year quarter. These swaps were recently entered into for the purpose of hedging the medium term fixed rate loans in the Bank’s loan portfolio, as part of the Bank’s standard interest rate risk management program.

“With the Bank’s founding in 1973, we are celebrating 50 years of consistent and reliable service to our customers in 2023 and we are thankful for the goodwill that we have built with our loyal and expanding customer base,” said Steve Fleming, president and chief executive officer. “Notwithstanding the turmoil in the banking industry that was caused by the failure of several banks in the first half of this year, our total deposits have grown significantly from $3.4 billion as of December 31, 2022 to $4.2 billion as of September 30, 2023; as such, the Bank’s liquidity remains healthy. At the same time, our asset quality remains strong with a very short effective duration (average of 1.1 years) bond portfolio and virtually no delinquencies or non-performing loans. We believe we can continue to grow our commercial real estate loan portfolio as we focus on loans secured by multi-family, retail, and industrial properties, as well as expanding our geographic footprint to other western states outside of California. On the other hand, we continue to see deterioration in the office segment of our commercial real estate loan portfolio from the reduction in demand as employers continue to provide work from home opportunities for their employees.”

“The Bank’s high quality investment securities portfolio continues to perform well with relatively small unrealized losses included in accumulated other comprehensive loss within shareholders’ equity (3%) and there are no investment securities categorized as held-to maturity,” said Brian Killeen, interim chief financial officer of River City Bank. “Operational efficiency remains a core competency for the Bank, as evidenced by our 29 percent efficiency ratio, after excluding the interest rate swap mark-to-market gain of $7.7 million, for the nine month period ending September 30, 2023.”

Shareholders’ equity for River City Bank on September 30, 2023 increased $52 million to $405 million, when compared to the $353 million as of December 31, 2022. The increase was primarily driven by current year retained earnings, as well as a $10.2 million improvement in the Bank’s accumulated other comprehensive income position. River City Bank is one of a small percentage of banks in the United States which can claim a positive accumulated other comprehensive income. The Bank’s capital ratios remain well above the regulatory definition for being Well Capitalized, with a Tier 1 Leverage Ratio of 8.6% as of September 30, 2023.

Additionally, Mr. Fleming announced that the Bank’s board of directors has approved a cash dividend of $0.35 per common share to shareholders of record as of October 31, 2023, and payable on November 14, 2023.

July 19, 2023

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 six months ending June 30, 2023, which compares favorably to the $25.3 million or $17.08 per diluted share for the six months ending June 30, 2022. The Bank’s earnings for the first six months ending June 30, 2023 represented a
healthy 14.8% return on equity capital and 1.35% return on assets.

Significant items impacting quarterly net income for June 30, 2023 and 2022 include the following:

Higher loan balances – Average loan outstandings were $470 million higher than the prior year quarter, thereby increasing net interest income.
The provision for credit losses on loans for the current quarter of $6.5 million was significantly higher than the $1.3 million for the prior year quarter. The increase in the provision for credit losses in 2023 reflects the growth in the Bank’s loans this year and concern for continued deterioration in the office segment of the Bank’s commercial real estate portfolio.
During the prior year quarter, the Bank had recognized a $3.9 million loss on the sale of $34 million of available for sale corporate bonds. The Bank had no investment sales during the current quarter.
The Bank recognized $5.3 million in mark-to-market gains on interest rate swaps for the current quarter compared to none in the prior year quarter. These swaps were recently entered into for the purpose of hedging the medium term fixed rate loans in the Bank’s loan portfolio, as part of the Bank’s standard interest rate risk management program.

“With the Bank’s founding in 1973, we are celebrating 50 years of consistent and reliable service to our customers in 2023 and we are thankful for the goodwill that we have built with our loyal customer base,” said Steve Fleming, president and chief executive officer. “Notwithstanding the turmoil in the banking industry that was caused by the failure of several banks in the first half of this year, our total deposits have grown from $3.4 billion as of December 31, 2022 to $3.6 billion as of June 30, 2023; as such, the Bank’s liquidity remains healthy. At the same time, our asset quality remains strong with a very short duration (average of 1.7 years) bond portfolio and virtually no
delinquencies or non-performing loans. We believe we can continue to grow our commercial real estate loan portfolio as we focus on loans secured by multi-family, retail, and industrial properties, as well as expanding our geographic footprint to other western states outside of California. On the other hand, we continue to see deterioration in the office segment of our commercial real estate loan portfolio from the reduction in demand as employers continue to provide work from home opportunities for their employees.”

“The Bank’s high quality investment securities portfolio continues to perform well with relatively small unrealized losses included in accumulated other comprehensive loss within shareholders’ equity and there are no investment securities categorized as held-to maturity,” said Brian Killeen, interim chief financial officer of River City Bank. “Operational efficiency remains a core competency for the Bank, as evidenced by our 30 percent efficiency ratio,after excluding the interest rate swap mark-to-market gain of $5.3 million, for the six month period ending June 30, 2023.”

Shareholders’ equity for River City Bank on June 30, 2023 increased $31 million to $384 million, when compared to the $353 million as of December 31, 2022. The increase was driven by current year retained earnings, as well as a $4.7 million reduction in the Bank’s accumulated other comprehensive loss. The Bank’s equity continues to be minimally impacted by a slight $477 thousand accumulated other comprehensive loss position as of June 30, 2023. The Bank’s capital ratios remain well above the regulatory definition for being Well Capitalized with a Tier 1 Leverage Ratio of 9.3% as of June 30, 2023.

June 29, 2023

Q+A with Adham Sbeih, CEO of Socotra Capital

Since 2007, Socotra Capital has funded over 2,000 loans, totaling $1 billion in private money loans across 22 states. Based in Sacramento, they are a premier private hard money lender and have built their reputation through consistent performance, reliable service, and fast delivery.

We caught up with Socotra Capital’s CEO, Adham Sbeih, to talk about how the company’s history and constant drive to improve have shaped what the company represents today.

According to the website, Socotra Capital is a private money lender specializing in hard money. Can you explain what “hard money” is?

Socotra Capital is a private money lender specializing in financing real estate investors on projects that may not be possible through traditional methods. As a premier lender, we are filling the space that many banks aren’t filling, whether it be a bridge loan, fix and flip loan, commercial refinance, construction projects, or other real estate projects.

The term “hard money loan” refers to a loan backed by a “hard” asset, such as real estate. If you’re a real estate investor or house flipper and need financing for a deal, a hard money loan might be a solid option to explore.

These types of loans aim to secure a property to renovate or develop and ultimately sell it for a profit. An investor might choose a hard money loan over a conventional loan because of the ease of access to the funds. Lending options from financial institutions often have complicated approval processes and weigh heavily on the borrower for approval. Hard money loans are asset-based and typically secured by a mortgage, so their approval process is much faster.

The company has been in business for 15 years and has become a successful regional loan provider. As a start-up, were there things you learned through the process?

I started Socotra in 2007, and John Ingoglia (my partner who passed away in July 2020) joined me in 2008 right before the Lehman Brothers collapse. Back then, I did everything:

Sourced the loans.
Found the lenders.
Drafted up the loan documents.
Collected the payments from the borrower.

In the 15 years since our inception, we’ve learned that there is always room for improvement. Problems happen when things get sloppy, so sticking with and trusting our processes is essential. We always ask ourselves: What can we be doing better? Where can we find additional opportunities? How can we improve?

What makes Socotra different than other lenders?

We have a relentless pursuit of improving the process and system. We work hard to give people opportunities to grow. We also take the time to celebrate the victories.

When it comes to real estate investment strategy, we don’t take a cookie-cutter approach. There are many opportunities to receive funding for a project. As a private lender, we can offer greater flexibility than most traditional banks. Socotra can also turn a loan quickly once all the paperwork is complete, often in a week. We can do this because our underwriting is primarily based on the current market value of the property as it sits.

Our team takes pride in providing value to our investors, good loans to our borrowers, and solid careers for our team.

What was the first deal you ever funded as a company?

The first deal was secured by an industrial building for $580,000. It took us four and a half months to raise the funds. It was a family affair, receiving investments from those closest to us. I still have the first check we ever received for $10k, a result of five months of work.

We operate four private placements and 3 REITS. Today, we have over $450 million in assets under management.

Adham Sbeih of Socotra

Last year Socotra Capital was voted one of the Best Places to Work by the Sacramento Business Journal. What are the key ingredients in hiring and retaining your team?

Socotra hired its first employee in 2008. We are now 31 people strong.

We know that for the team to win, we must also help the individual team members succeed. As a company, we work hard to ensure everyone on the team is respected. There is a relentless pursuit of improving the process and systems to give people opportunities.

We embrace the theory of aggregation of marginal gains, where everyone looks for 1% improvements. Everything we do is driven by and measured against our values. And now that things are starting to open up, we are excited about the opportunities that bring us back to the office. We enjoy the camaraderie and the engagement.

What is your favorite part of the job?

My favorite part is watching people grow and develop. I enjoy challenging our team and seeing them grow and respond. Along the way, we have hired college students as interns. Some have stayed with us after college and have become superstars. I am excited to continue to grow Socotra and provide value to our investors, good loans to our borrowers, and solid careers for our team.

Volunteerism is part of your company’s culture. What community organizations does Socotra support and why?

Since 2009, we have sponsored and organized a summer softball league for commercial realty brokers in Sacramento. The money raised during the season comes from the players who ask sponsors to pledge $20 for each strikeout, hit, or homerun. The league now has several sponsors, raising thousands of dollars each year. Socotra Capital matches the money raised by sponsors and players, and the funds are donated to Los Amigos/Sacramento Children’s Home.

Why the name Socotra? Is there a special meaning behind the name?

Socotra is named after an island off the coast of Yemen in the Arabian Sea. Many residents of mainland Yemen have sought safety from the war on Socotra Island. Socotra’s name stems from the firm’s ability to be an island of refuge for borrowers. The late John Ingoglia, the company’s founding partner, named it as such because he always said the best loans are those made in the ‘depths of uncertainty.’

Socotra’s logo is of a dragon tree, an endangered species that can only be found on the island.

River City Bank is not making a recommendation or endorsement, nor assumes any responsibility or liability for any content or services referenced in this interview.

May 25, 2023

River City Bank adds former Umpqua Regional Director Rebecca Fabisch Miller as EVP, Commercial Banking Director

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. Before joining RCB, Fabisch Miller held a senior commercial banking position with Umpqua Bank, managing a diverse portfolio of clients in the Sacramento region across multiple industries.

“With Rebecca’s proven leadership and tremendous depth of commercial banking experience, we will build on the strengths of our commercial banking team while meeting the unique needs of our clients,” said Steve Fleming, President and CEO of River City Bank. “Rebecca has the client focus, track record, industry experience, and extraordinary talent to lead RCB forward in this segment of the market.”

Fabisch Miller’s expertise includes orchestrating credit arrangements of varying sizes and complexity as direct lender or as the lead bank in syndicated deals. She has managed a diverse portfolio of clients across multiple industries, including not-for-profit organizations and agriculture. A solutions-oriented banker, Fabisch Miller has extensive knowledge of treasury management, real estate and equipment finance, global and investment banking, derivatives, debt capital markets, and insurance.

“I am excited to join the River City Bank Team,” said Fabisch Miller, Executive Vice President and Commercial Banking Director. “With its headquarters in Sacramento, River City Bank is uniquely positioned to offer customized credit facilities, access to decision-makers, and competitive pricing to middle-market businesses.”

Fabisch Miller earned her MBA from the University of California, Davis and has an undergraduate degree in International Business and Marketing from California State University, Sacramento. She is the Treasurer for the California Forest Foundation and has also been involved with many other local charities. Fabisch Miller is a mother of two and enjoys exercising with friends; she has run sixteen marathons and even more half-marathons.

For more information about River City Bank, visit RiverCityBank.com

April 19, 2023

River City Bank Reports 2023 First Quarter Net Income of $12.9 Million

SACRAMENTO, CA —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:

$7.0 million in mark-to-market gains on interest rate swaps for the quarter ending March 31, 2022 compared to none in the current As of March 31, 2023, all of the Bank’s interest rate swap contracts are being accounted for as hedges.
$6.9 million gain on sale derived from a true-up related to earn-out provisions from the sale of an investment in the prior year quarter.
$443,000 deferred loan fees earned on Paycheck Protection Program (PPP) loans for which the outstanding loan balances were forgiven by the Small Business Administration in the prior year quarter compared to virtually none in the current quarter.

Partially mitigating the above was the reduced provision for loan losses of $1.5 million for the current year quarter compared to $6.4 million in the prior year quarter.

The Bank’s earnings for the quarter ending March 31, 2023 represented a healthy 14% return on equity capital and 1.29% return on assets.

“With the Bank’s founding in 1973, we are celebrating 50 years of consistent and reliable service to our customers in 2023 and we are thankful for the goodwill that we have built with our loyal customer base,” said Steve Fleming, president and chief executive officer. “Notwithstanding the anxiety that was caused by the failure of several banks in the first quarter, our total deposits of over $3.4 billion are essentially unchanged from December 31, 2022; as such, the Bank’s liquidity remains healthy. At the same time, our asset quality remains strong with a short duration (average of 1.7 years) bond portfolio and virtually no delinquencies or non-performing loans. We believe we can continue to grow our commercial real estate loan portfolio as we focus on loans secured by multi-family and industrial properties, as well as expanding our geographic footprint to other western states outside of California. We will remain diligent with our monitoring of potential impacts to the office segment of our commercial real estate loan portfolio from the reduction in demand as employers continue to provide work from home opportunities for their employees.”

“The Bank’s high quality investment securities portfolio continues to perform well with minimal unrealized losses included in accumulated other comprehensive loss within shareholders’ equity and there are no investment securities categorized as held-to maturity,” said Anker Christensen, chief financial officer of River City Bank. “Operational efficiency remains a core competency for the Bank, as evidenced by our 32 percent efficiency ratio for the quarter ending March 31, 2023.”

Shareholders’ equity for River City Bank on March 31, 2023 increased $13.5 million to $366.5 million, when compared to the $353 million as of December 31, 2022. The increase was driven by current year retained earnings as the Bank distributes only a small portion of its net income. The Bank’s equity continues to be minimally impacted by the $4.4 million accumulated other comprehensive loss as of March 31, 2023. The Bank’s capital ratio remains well above the regulatory definition for being Well Capitalized with a Tier 1 Leverage Ratio of 9.3% as of March 31, 2023.

February 6, 2023

A Seat at the Table Podcast: River City Bank – It All Started with an Idea on a Cocktail Napkin

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 history and beginnings of RCB. Listen in as host Natalie Kling chats with River City Bank’s Board Chair, Shawn Devlin, and President and CEO Steve Fleming, as they embark on RCB’s 50th year.

Listen to the podcast here.

December 1, 2022

BCE: Powering California and Beyond

Fred Barnum began his career after moving from his hometown of Auburn to the Bay Area to start his electrical apprenticeship. Four years later, he returned to Auburn and took a job with a Sacramento contractor and helped them manage that company for six years.

At the age of 29, he decided to branch out on his own. Barnum wanted to provide exceptional customer value while enhancing his employees’ professional and personal lives. He set out to build a business based on these principles. He reached out to his old bay area boss, Paul Celillo, a contractor and accomplished electrician, and Celillo agreed to partner with him. In 1990, Barnum & Celillo Electric, Inc. (BCE) was born.

Fred Barnum and Paul Celillo built BCE with the intent of becoming one of the premier electrical contractors in the industry. It was founded on three core principles: integrity, dedication, and craftsmanship.

Measuring success.

BCE believes success cannot be measured simply by a financial statement. It measures its success through its most valued assets; its employees, clients, vendors, community, and the environment.

Clients:

The success of its clients has allowed BCE to grow from a concept between friends to becoming one of the largest electrical contractors in the western United States. Clients have come to rely on BCE’s commitment and stability, enabling BCE to retain and add to its base even through the most challenging economic times. Whether designing a million-square-foot e-commerce distribution facility or simply changing a couple of light fixtures, BCE has provided its customers with unwavering dedication, quality workmanship, and unparalleled integrity.

Employees:

The enhancement of its employees’ personal and professional lives represents the heart and soul of BCE. Each member of the BCE team strives to ensure that the company’s core values are at the forefront of its work. Its entire field staff is either a California State Certified journeyman or enrolled in a State-approved training program. Employee development never stops, and the company continually refines its craft by staying at the forefront of technology and the latest code revisions.

“I believe in creating opportunities. If you take care of your people, they will take care of the company,” says Barnum. “The current workforce is transient, but we don’t have those issues.”

Community:

BCE understands the importance of giving back to the community and proudly supports many worthwhile charities and organizations. Contributing to the community is not an obligation but an opportunity. They support many nonprofit organizations, including Lilliput, the Children’s Miracle Network at UC Davis, and the Children’s Receiving Home of Sacramento, to name a few.

Environment:

When BCE first decided to enter into the renewable energy sphere in 2004, clean energy was still considered cutting edge. Fast forward nearly twenty years, and BCE continues its dedication to assisting customers to use alternative energy sources and achieve the most aggressive energy conservation and efficiency. BCE’s building has over 40,000 square feet of solar panels on its roof, providing 257.6 kW (over a quarter megawatt) of power. From concept to design to permitting to construction to installation, they ensure their clients get the best technology and the best value for their projects.

Relationships are key to growing.

During the time of this interview, Barnum and his wife eagerly awaited their fifth grandchild’s birth. He reflected on two pieces of advice that his father gave him:

If you learn a trade and you are good at it, you or your family will never go hungry, and
Don’t make it about the money.

Barnum continues to heed these words and appreciates the growth this wisdom has afforded him. With the help of Celillo and BCE’s incredible team members, he took a one-person shop and built it into a company that employs 300-400 people at any given time. BCE now services both California and Nevada with projects ranging from updating local businesses’ LED lighting to providing its services on high-tech distribution center projects.

For Barnum, loyalty is the tie that binds and is essential in growing personally and professionally. Long-standing relationships are meaningful, and this is why BCE chose River City Bank. The company wanted to work with a community-based bank emphasizing relationships and loyalty.

“River City Bank truly cares about their clients,” says Barnum. “Any day of the week, I know that I can pick up the phone and reach out to Charice (Huntley) or Steve (Fleming) with a question and get a response quickly.”

“It’s all about developing and cherishing the relationships you have,” says Barnum. “If you don’t, they are fleeting.”