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Patience is wearing thin among investors with banks' lack of prospects for producing returns, as a hedge fund official's call for the sale of American River in California shows.
April 26 -
Seeking to increase its visibility in northern California, American River Bankshares (AMRB) in Sacramento has combined its three separately named banks under the name of its flagship brand.
August 20 -
TCF Financial (TCB) in Wayzata, Minn., has hired a former executive from State Farm Bank to become its chief credit officer.
December 4
American River Bankshares (AMRB) in Sacramento, Calif., is looking for its next chief credit officer.
Robert Muttera plans to resign from the role on Jan. 16 in order to pursue another opportunity, the $602 million-asset American River announced Thursday. The company said it will immediately begin a search for his replacement.
Muttera, 60, joined American River as chief credit officer in early 2012. He had previously worked for the real estate advisory firm Preferred Capital Advisors, in Sacramento.
"On behalf of the board of directors and the American River Bank Team, I would like to express our thanks to [Muttera] for his contribution to our company," American River Chief Executive David Taber said in a news release.
