American Riviera Bank Reports Profit and Opening of Montecito Branch

American Riviera Bank (OTCBB:ARBV) announced today unaudited net income of $339,000 ($0.13 per share) for the quarter ended March 31, 2013. Pre-tax income for the quarter increased 105% to $563,000 at March 31, 2013 compared to the $275,000 reported for the quarter ended March 31, 2012.

The Bank has experienced strong growth in loans; reporting $137 million in loans at March 31, 2013, which represents a $28 million increase since March 31, 2012. The Bank has also experienced consistent growth in core deposits, reporting $127 million in core deposits at March 31, 2013, a $20 million increase from the same reporting period last year.

The Bank is pleased to announce that our new branch in the Montecito upper village is now open and receiving considerable attention from the community. The newly constructed branch has an inviting Cape Cod theme and is located at 525 San Ysidro Road.

Jeff DeVine, President and Chief Executive Officer stated, “The Bank is excited to have a new branch open in the heart of Montecito. The location will offer great convenience for new and existing clients. We look forward to reaching out and establishing meaningful relationships throughout the community.”

The Bank has $175 million in total assets, and maintains a strong capital position with Tier 1 Capital to total average assets of 14% as of March 31, 2013; well above the regulatory guideline of 5% for well capitalized institutions. The book value of one share of American Riviera Bank stock is $9.36 at March 31, 2013, an increase from $8.94 at March 31, 2012.

Company Profile

American Riviera Bank is a full service community bank, focused on serving the financial needs of businesses and consumers in our community. The Bank was founded in 2006 by over 400 local shareholders and currently has two branches located at 1033 Anacapa Street in downtown Santa Barbara and 525 San Ysidro Road in Montecito. For 2012, the Bank was named a “Premier Performer” by the Findley Reports.

Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, effects of interest rate changes, ability to control costs and expenses, impact of consolidation in the banking industry, financial policies of the US government, and general economic conditions.