For years, the goal of retirees has been to pay off one’s mortgage. In addition to the immensely positive emotional benefit that comes from owning one’s home “free and clear,” there is a financial reality of making a retirement budget much easier to manage if one doesn’t have a mortgage.

But extraordinary times call for a re-thinking of conventional wisdom. Our government and the Fed are taking unprecedented steps to drive down interest rates. One reason they are doing this is to spark economic growth in an effort to eventually lead to hiring. Another reason is so the government can re-finance its debt at very low levels; borrowing money for 10 years and paying less than 1.7 percent a year. What a deal! With interest rates so low, it makes financial sense to rethink where money goes.

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With cyber crime on the rise, protecting your business and personal financial information is our number one priority. When you bank with us, be assured that we have substantial security measures you can implement to help protect against cyber theft. From enhanced multi-factor login and dual control processing to Positive Pay, our online tools are built to keep your data secure so that cyber-attacks are just not in the cards. For more information call 916-567-2660. read more

The River City Bank (the Bank) board of directors has approved, in connection with the Bank’s recently reported net income of $2.5 million for the first quarter ending March 31, 2013, a cash dividend of $0.125 per common share and $0.79 per preferred share to shareholders of record as of May 6, 2013, and payable on May 21, 2013.

Additionally, the Bank reported net income of $2.5 million, $1.76 per diluted share, for the three months ending March 31, 2013, which compares favorably to the net income reported in the first quarter of 2012. For the quarter ending March 31, 2013, net interest income declined $482,000 compared to the same period in 2012 and the net interest margin declined from 3.75 percent for the first quarter ending March 31, 2012 to 3.34 percent for the same period in 2013.

Please click to read the full 2013 Q1Cash Dividend press release.

Please click to read the full 2013 Q1 Earnings press release. read more

We see plenty of advantages to the plans for Sacramento’s downtown revitalization, and we are passionate about working with local businesses to make it happen. Whether through financing income producing properties or providing access to our executive suite of business banking tools and services, we are dedicated to facilitating Sacramento’s business growth.

Talk to us about using our capital to grow your business, call 916-567-2600 begin_of_the_skype_highlighting            916-567-2600      end_of_the_skype_highlighting. read more

Our client, Bonney Plumbing, Heating & Air is a leading provider of plumbing and HVAC services to homeowners in the greater Sacramento area, including Sacramento, El Dorado, Yolo, Placer, San Joaquin Counties and now Solano & Napa Counties.

Mark and Candace Bonney established the company in 1978 and continues to manage the business today. Over the years, the company has earned a reputation for going above and beyond in servicing its customers’ plumbing, heating and air needs. The Bonney team has an A+ Rating from the Better Business Bureau and works hard to provide professional, reliable and affordable services for residential and commercial customers. Additionally, in 2010, Bonney Plumbing, Heating and Air was recognized by the Sacramento Business Journal as the best employer in Sacramento for its size. We are proud to have a company as a client that values its customers as much as we do.  read more