Banking

My wife and I are days away from closing on a home refinance through River City Bank, and the money is already spent! We recently remodeled our home. Nothing fancy, just a long overdue update of a home loved and beat into submission by four kids. We upgraded the windows, put on a new roof, patched some holes, installed a new air conditioning unit, and updated the flooring and paint. Now a home that has lasted us 13 years will hopefully keep standing for another 13.

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The polls confirm California's high taxes and mountain of regulations make doing business here a challenge. Fortunately, we've developed a suite of business-friendly programs and services to help companies thrive. With competitive financing, exclusive educational and networking programs and convenient cash management tools, we've made growing your business less of an uphill battle. Even in California. For more information call 916-567-2600.
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In the Digital Age, it’s never been easier for Americans to clean house and get their clutter under control. The aptly-named “Cloud” is rapidly becoming the warehouse for our redundant files, as many of us no matter what age are adopting better habits for managing the ever-increasing assortment of documents that dictate our lives. Quite simply, the Cloud embodies the “out of sight, out of mind” principle that we strive for on a daily basis. Copies are rapidly being replaced with pdf’s, and now when we feed our 3 in 1 business machines with documents , instead of copying them and storing them in a fireproof cabinet in the garage, we are simply striking the scan key and creating digital versions of the files.

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Cybercrime is on the rise. There has been a 600 percent increase of online fraud incidents since 2008, averaging a $500,000 loss per day. In June 2012, there was $2.49 billion in attempted online banking fraud. Small business owners are not exempt from these cyber thieves, in fact 32 percent of all small business owners have been victimized by online banking fraud. Although these staggering statistics may shock you, practicing simple, yet powerful, security processes can keep you and your business secure. Remember, no one security layer is fool-proof; each security element you implement is another layer of protection. 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