American River Bankshares Announces a 10% Stock Buyback Program

American River Bankshares Announces a 10% Stock Buyback Program for
SACRAMENTO, CA -- (Marketwire) -- 12/20/12 --  American River
Bankshares (NASDAQ: AMRB) today announced that the Board of Directors
has approved and authorized a new Stock Repurchase Program for 2013
(the "2013 Program"). The 2013 Program authorizes the repurchase
during 2013 of up to 10% of the outstanding shares of the Company's
common stock, or approximately 932,800 shares based on the 9,327,920
shares outstanding as of December 19, 2012.  
The Company previously authorized a stock repurchase program in
January 2012 after a three-year hiatus with a repurchase target of 5%
and subsequently increased the target to 6% in June 2012.  
"We continue to believe that the current market value of American
River Bankshares stock is not reflective of the Company's value and a
repurchase program is the best approach at this point in time to
provide value to our shareholders while maximizing the Company's
strategic position," said David Taber, President and CEO of American
River Bankshares. "The 2013 Program is our most aggressive buyback
plan approved to date." 
Repurchases under the 2013 Program will commence sometime after the
release of the Company's results of operations for the period ended
December 31, 2012.  
The repurchases will be made from time to time by the Company in the
open market as conditions allow. All such transactions will be
structured to comply with Securities and Exchange Commission Rule
10b-18 and all shares repurchased under the 2013 Program will be
retired. The number, price and timing of the repurchases will be at
the Company's sole discretion and the 2013 Program may be
re-evaluated depending on market conditions, capital and liquidity
needs or other factors. Based on such re-evaluation, the Board of
Directors may suspend, terminate, modify or cancel the 2013 Program
at any time and for any reason.  
About American River Bankshares 
American River Bankshares (NASDAQ: AMRB) is the parent company of
American River Bank, a regional bank serving Northern California
since 1983. We give business owners more REACH by offering financial
expertise and exceptional service to complement a full suite of
banking products and services. Our honest approach, commitment to
and focus on profitability is intended to lead our clients
to greater success. For more information, call (800) 544-0545 or
Forward-Looking Statements 
Certain statements contained herein are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and subject to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involve risks and uncertainties. Actual results may
differ materially from the results in these forward-looking
statements. Factors that might cause such a difference include, among
other matters, changes in interest rates, economic conditions,
governmental regulation and legislation, credit quality, and
competition affecting the Company's businesses generally; the risk of
natural disasters and future catastrophic events including terrorist
related incidents; and other factors discussed in the Company's
Annual Report on Form 10-K for the year ended December 31, 2011, and
in subsequent reports filed on Form 10-Q and Form 8-K. The Company
does not undertake any obligation to publicly update or revise any of
these forward-looking statements, whether to reflect new information,
future events or otherwise, except as required by law. 
Investor Contact:
Mitchell A. Derenzo
Chief Financial Officer
American River Bankshares
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