Paving the way for River City Bank’s upcoming 40^th anniversary in 2013, the Bank’s board of directors has approved a special cash dividend of 40 cents per common share to shareholders of record as of November 27, 2012; and payable on December 11, 2012.

This special cash dividend is symbolically important, as it offers one cent for every year River City Bank has been in business. It’s also significant in a very concrete sense, insomuch as it effectively doubles the total dividends the Bank has provided shareholders thus far in 2012, from 40 cents per common share to a total of 80 cents per common share. read more

River City Bank is proud of the men and women of the California Highway Patrol (CHP) who risk their lives every day to make our motorways safe. Their service makes it possible for us to travel safely and they provide assistance if we have an unanticipated delay.  Just as the CHP watches out for motorists, The California Association of Highway Patrolmen (CAHP) watches out for CHP officers and their families.

The CAHP is a non-profit organization which supports those who serve in the CHP in a variety of ways.  Led by the current CEO, Jon Hamm, the CAHP negotiates with the state of California’s Department of Human Resources for working conditions for CHP officers. In addition, the CAHP helps its members with labor relations, health benefits, legal representation for job-related issues, and an array of other membership services. read more

River City Bank recently reported net income of $3.2 million and $8.3 million for the three month and nine month periods ending Sept. 30, 2012, respectively, compared to the $2.5 million and $8.0 million net income reported for the same periods in 2011.  We are pleased with our third quarter earnings.  Our continued focus on solid business practices and an elevated client experience continues to pay off for us. read more

Marie was a client who had difficulty saving money.  She was doing a great job on her retirement savings, contributions were taken out of her paycheck before she ever saw the money, but she needed to save some money for a “rainy day fund” outside her retirement accounts.  Knowing that she enjoyed daily trips to Starbucks, I proposed to her the “Starbucks Savings Plan.”  Under this plan, Marie would “match” her spending at Starbucks with a similar contribution to her savings account.  

The exercise was a real eye-opener for Marie.  She was shocked to learn she was spending nearly $50 a week on coffee!  A $4 per drink every morning, plus she often bought for others and would occasionally get an iced coffee in the afternoon, it was really adding up. She agreed to match her weekly coffee expenditures with an equal deposit into her savings account. read more

I am delighted to let you know that River City Bank has a new board member, Ryan Gilbert.

Ryan has an exceptional background in the information technology and financial services industries. He is the CEO and co-founder of Billfloat Inc., a San Francisco based provider of consumer credit solutions to billers, retailers and lending institutions. Technology is rapidly changing the way consumers choose to conduct their banking and Ryan’s expertise in creating innovative financial solutions through technology is paramount to providing an exceptional client experience. read more