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Local News for a Global Village | www.VoiceSB.com
Annual Report For American Riviera Bank
COMMUNITY NEWS
Jesse Rosenberg Joins SB Education Foundation
Jesse Rosenberg
February 4, 2022
JESSE ROSENBERG has joined the Santa Barbara Education Foundation’s Board of Directors. Currently, Rosenberg leads the local electric bike-share program BCycle. Her past experiences include serving as a Senior Leader at Zagster, and working in the advertising industry at Centro and NBCUniversal in New York. She has also volunteered with the non-profits Music for Tomorrow, Homeless Children International, and the Entrepreneurship Empowerment Program in South Africa. Rosenberg is an alumna of Syracuse University’s S.I. Newhouse, School of Public Communications, and earned her MBA from Boston College. www.sbefoundation.org
SB Airport to Support Alpha Resource Center with Plane Pull Fundraiser
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OMMUNITY MEMBERS ARE INVITED TO TEAM UP WITH THEIR STRONGEST FRIENDS AND FAMILY MEMBERS FOR A GOOD CAUSE this February, as the Santa Barbara Airport hosts nonprofit Alpha Resource Center’s Inaugural Plane Pull fundraiser on Saturday, February 26th. Held in partnership with Alaska Airlines and Signature Flight Support, this fun and creative event will ask teams to attempt to pull a 100,000-pound Alaska Airlines Embraer 175 aircraft. “The ability of the individuals we support at Alpha Resource Center is unlimited. I can’t think of a better way to celebrate this fact than our Alpha participants and families joining with teams from throughout the Santa Barbara community to do something we all might think is impossible at first – pulling an actual Alaska Airlines plane! Each of us is going to walk away with a new perspective on what’s possible,” said Josh Weitzman, Executive Director of Alpha Resource Center. Teams will compete by attempting to pull the aircraft with a rope a distance of 15 feet as quickly as possible. There will be two divisions of teams, with one being for the general community and the other exclusively for public safety personnel such as EMTs, police officers, and firefighters. Competing teams will raise funds for Alpha Resource Center by gaining sponsors to support their team’s participation with each member of a ten person team required to raise at least $100 to participate. Participants will receive an event t-shirt and an opportunity to win championship prizes.
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MERICAN RIVIERA BANK ANNOUNCED ITS ANNUAL YEAR END RESULTS OF UNAUDITED NET INCOME OF $11,829,000 ($2.30 PER SHARE) for the twelve months ended December 31, 2021, this week. This represents a 60 percent increase in net income from the $7,378,000 ($1.45 per share) earned in the same reporting period in the prior year. In 2021, the Bank achieved an annualized return on average assets of 1.04 percent and return on average equity of 13.02 percent. Unaudited net income was $2,747,000 ($0.53 per share) for the fourth quarter ended December 31, 2021, compared to the $2,379,000 ($0.47 per share) earned in the prior year. Core loans, excluding SBA PPP loans, have grown 17 percent or $112 million over the last year since December 31, 2020. The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due, and only $2.9 million or 0.38 percent of total loans excluding PPP on non-accrual status, which are well supported by collateral. “We have our loyal clients and dedicated team members to thank for record earnings and strong balance sheet growth in 2021. The pandemic continued to disrupt our business and personal lives, yet our bankers worked tirelessly to respond to the deposit and lending needs of the communities we serve. In turn, the Bank was able to share its success by increasing wages and benefits for our hard-working team, increasing donations and sponsorships on the Central Coast, and reporting strong growth in earnings and tangible book value per share for our shareholders. This is the power of community banking!” noted Jeff DeVine, President and Chief Executive Officer of American Riviera Bank. ARB continues to experience tremendous deposit growth with a 38 percent or $330 million increase in total deposits since December 31, 2020. Non-interest bearing demand deposits increased 41 percent or $138 million over the last year. Deposit inflows from our clients have been the driving factor in the total assets of the Bank increasing $335 million, or 34 percent, since December 31, 2020 to a total of $1.3 billion at December 31, 2021. American Riviera Bank continues to be well capitalized with a Tier 1 Capital Ratio of 11 percent (well above the regulatory guideline of 8% for well capitalized institutions). The tangible book value per share of American Riviera Bank common stock increased to $17.92 at December 31, 2021. American Riviera Bank is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers on the Central Coast of California. The state-chartered bank opened for business on July 18, 2006, with the support of local shareholders. Full-service branches are located in Santa Barbara, Montecito, Goleta, San Luis Obispo and Paso Robles. www.americanriviera.bank
Manuel Esquivel Celebrates 20 Years with PSHH
Manuel Esquivel
MANUEL ESQUIVEL is celebrating 20 years of working with People’s Self-Help Housing, where he acts as a Maintenance Technician. He joined PSHH in 2002 as an Assistant Maintenance Technician, later becoming a Maintenance Technician until last year being promoted to Maintenance Technician II. In this role, he supports the Property Management branch of PSHH, specifically the organization’s Northern Santa Barbara properties. Along with his team, Esquivel ensures properties are well-maintained, beautiful, perform preventative maintenance, and address daily needs.
www.pshhc.org
To register, sponsor, or volunteer, visit www.alphasb.org/plane-pull
Government Meetings • Reuniones gubernamentales COUNTY AGRICULTURAL PRESERVE ADVISORY COMMITTEE • 9am Fr, 2/4 •
https://tinyurl.com/nhfymsf8
COMITÉ ASESOR DE LA RESERVA AGRÍCOLA DEL CONDADO • 9am viernes, 2/4 • https://tinyurl.com/nhfymsf8
SOUTH COUNTY BOARD OF ARCHITECTURAL REVIEW • 9:15am Fr, 2/4 • https://tinyurl.com/ybcfrww7 JUNTA DE REVISIÓN ARQUITECTÓNICA DEL CONDADO SUR • 9:15am viernes, 2/4 • https://tinyurl.com/ybcfrww7
COUNTY ZONING ADMINISTRATOR • 9:30am
Mo, 2/7 • https://tinyurl.com/ytfud6cz
ADMINISTRADOR DE ZONIFICACIÓN DEL CONDADO • 9:30am lunes, 2/7 • https://tinyurl.com/ytfud6cz
CITY ARCHITECTURAL BOARD OF REVIEW CONSENT AGENDA REVIEW • 1pm Mo, 2/7 •
www.SantaBarbaraCA.gov/ABR
REVISIÓN DE LA AGENDA DE CONSENTIMIENTO DE LA JUNTA DE REVISIÓN ARQUITECTÓNICA DE LA CIUDAD • 1pm lunes, 2/7 • www.SantaBarbaraCA.gov/ABR CITY ARCHITECTURAL BOARD OF REVIEW • 3pm Mo, 2/7 • www.SantaBarbaraCA.gov/ABR
JUNTA DE REVISIÓN ARQUITECTÓNICA DE LA CIUDAD • 3pm lunes, 2/7 •
www.SantaBarbaraCA.gov/ABR
CITY SIGN COMMITTEE • 9am Tu, 2/8 •
www.SantaBarbaraCA.gov/SIGN
COMITÉ DE LETREROS DE LA CIUDAD • 9am martes, 2/8 • www.SantaBarbaraCA.gov/SIGN
COUNTY BOARD OF SUPERVISORS • 9am Tu,
2/8 • www.countyofsb.org/bos
JUNTA DE SUPERVISORES DEL CONDADO •
9am martes, 2/8 • www.countyofsb.org/bos CITY COUNCIL • 2pm Tu, 2/8 • https://tinyurl.com/n9jdrtdy AYUNTAMIENTO • 2pm martes, 2/8 • https://tinyurl.com/n9jdrtdy
CITY COMMUNITY DEVELOPMENT AND HUMAN SERVICES COMMITTEE APPLICANT INTERVIEWS • 3:45pm Tu, 2/8 • https://tinyurl.com/tfpmy6c6
ENTREVISTAS DE SOLICITANTES DEL COMITÉ DE DESARROLLO COMUNITARIO Y SERVICIOS HUMANOS DE LA CIUDAD • 3:45pm martes, 2/8 • https://tinyurl.com/tfpmy6c6
CITY ARTS & CRAFTS SHOW ADVISORY COMMITTEE • 6pm Tu, 2/8 • https://tinyurl.com/m8458bhd COMITÉ ASESOR DE LA EXPOSICIÓN DE ARTES Y OFICIOS DE LA CIUDAD • 6pm martes, 2/8 • https://tinyurl.com/m8458bhd
COUNTY PLANNING COMMISSION • 9am We,
2/9 • https://tinyurl.com/2p832p29
COMISIÓN DE PLANIFICACIÓN DEL CONDADO• 9am miércoles, 2/9 • https://tinyurl.com/2p832p29
CITY STAFF HEARING OFFICER • 9am We, 2/9 • www.SantaBarbaraCA.gov/SHO
FUNCIONARIO DE AUDIENCIAS DEL PERSONAL DE LA CIUDAD• 9am miércoles, 2/9 •
www.SantaBarbaraCA.gov/SHO
CITY DOWNTOWN PARKING COMMITTEE • 7:30am Th, 2/10 • https://tinyurl.com/3r6dwdvm
COMITÉ DE ESTACIONAMIENTO DEL CENTRO DE LA CIUDAD • 7:30am jueves, 2/10 •
https://tinyurl.com/3r6dwdvm
CITY PLANNING COMMISSION • 1pm Th, 2/10 •
www.SantaBarbaraCA.gov/PC
COMISIÓN DE URBANISMO • 1pm jueves, 2/10 • www.SantaBarbaraCA.gov/PC
MONTECITO BOARD OF ARCHITECTURAL REVIEW • 1pm Th, 2/10 • https://tinyurl.com/2p88jwwv JUNTA DE REVISIÓN ARQUITECTÓNICA DE MONTECITO • 1pm jueves, 2/10 •
https://tinyurl.com/2p88jwwv
CITY COMMUNITY DEVELOPMENT AND HUMAN SERVICES COMMITTEE DELIBERATION • 6pm Th, 2/10 • https://tinyurl.com/tfpmy6c6
DELIBERACIÓN DEL COMITÉ DE SERVICIOS HUMANOS Y DESARROLLO COMUNITARIO DE LA CIUDAD • 6pm jueves, 2/10 • https://tinyurl.com/tfpmy6c6
COMMUNITY INFORMATIONAL MEETING REGARDING SUPER 8 PERMANENT SUPPORTIVE HOUSING DEVELOPMENT • 6pm
Th, 2/10 • Join Zoom at https://bit.ly/3KISYLv
REUNIÓN INFORMATIVA COMUNITARIA SOBRE EL DESARROLLO DE VIVIENDA DE APOYO PERMANENTE SUPER 8 • 6pm jueves, 2/10 • Únete a Zoom en https://bit.ly/3KISYLv
CENTRAL BOARD OF ARCHITECTURAL REVIEW • 9:15am Fr, 2/11 • https://tinyurl.com/yc2bejv8 JUNTA CENTRAL DE REVISIÓN ARQUITECTÓNICA • 9:15am viernes, 2/11 • https://tinyurl.com/yc2bejv8
CITY INDEPENDENT REDISTRICTING COMMISSION COMMUNITY MEETING • 10-
11:30am Sa, 2/12 • Community Arts Workshop, 631 Garden St. • https://tinyurl.com/y8j8ej32
REUNIÓN COMUNITARIA DE LA COMISIÓN INDEPENDIENTE DE REDISTRIBUCIÓN DE DISTRITOS DE LA CIUDAD • 10-11:30am Sa, 2/12 •
Community Arts Workshop, 631 Garden St. • https://tinyurl.com/y8j8ej32