American River Holdings Inc. in Sacramento, Calif., terminated its letter of intent to buy Gold County National Bank of Marysville after a prominent Gold County director opposed the deal.

The deal was announced June 23. The $43.1 million-asset Gold Country would have become a subsidiary of American River, a $163.9 million-asset company.

David T. Taber, president and chief executive officer of American River, expressed disappointment but said the company's "multibank strategy requires a cohesive subsidiary board as a partner."

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