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American River Bankshares Releases Fourth Quarter Reports
American River Bankshares,
parent company of Bank of Amador, has reported diluted earnings per share for the fourth quarter of
2006 of $0.42, a 7.7% increase from $0.39 recorded in the third quarter of 2006
and a 2.3% decrease from $0.43 for the fourth quarter of 2005. Net
income for the fourth quarter of 2006 increased 5.8% to $2,407,000 from
$2,275,000 during the third quarter of 2006 and decreased 6.2% from $2,567,000
for the fourth quarter of 2005. "We are pleased to finish 2006 with solid
results," said David T. Taber, President and CEO of American River
Bankshares. "The last
two quarters have each been better than the previous and our key industry
metrics are very good." He added: "The economy is strong, but the rapid increase in
funding costs has made 2006 tough. As a Company, we believe that we're up to
the challenge of positioning ourselves as the premier business bank in the
communities we serve."
Taber states that "Shifting
our loan and deposit portfolio mix towards commercial loans and noninterest
bearing deposits remains an important goal," He continued "Quarter
over quarter, commercial loans are up 3%, noninterest-bearing deposits are up
4% and over the one year period, commercial loans increased 10%."
Wine and Grape Industry: An Economic Force
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Governor’s Proposal Pressures Lawmakers On Compacts
Sutter Creek Crime Statistics
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County Leader Announces Resignation
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Sutter Creek Looks At Oak Tree Ordinance
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Former Football Coach Sentenced
This week local resident
John Wadsworth was sentenced in Amador County Superior Court for a series of
incidents last fall that ultimately lead to the lock down of Amador High School
and Sutter Creek Elementary. According to District Attorney Todd Riebe,
Wadsworth received a total of 3 years in state prison.
3 years for possession of a firearm by a felon, 16 months concurrent to
the 3 years for armed criminal action, and 1 year concurrent to the 3 years for
one misdemeanor count of spousal abuse and one misdemeanor count of child
endangerment. Wadsworth,
former High School and Youth Football coach was arrested Tuesday, September
19th at Amador High School after attempting to pick up his children after he
became aware that the children were being questioned by Child Protective
Services in regards to an Ione PD domestic violence case involving their mother.
New Principal Announced For Argonaut High School
Argonaut High School will
have a familiar face in the principal’s office next school year after the
retirement of current principal, Peggy Gardner. The Amador County Unified School District announced the
appointment of Dave Vicari as the principal of Argonaut High beginning in the
07-08 school year. According to the release this will allow Vicari and
Gardner to work together for a seamless transition. Vicari is currently a
popular principal at Jackson Junior High School and a graduate of Jackson High
School as well. His ties with his Alma Mater, now called Argonaut High School
have remained close, both as a parent and the former head coach of the Varsity
baseball team. He will continue as principal at the Junior High School for the
remainder of the year.
City of Ione Hires Recruiter With A Warranty
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Jackson Planning Commission: How Big A Park Should It Be?
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