- American Riviera Bank is a profitable bank with a history of strong organic growth and low credit risk led by President and CEO Jeff DeVine.
- Charlie Munger, a philanthropist to UC Santa Barbara, has donated housing and dormitories in the County of Santa Barbara.
- American Riviera has benefitted from increased economy of scale and expansion of branches.
- The Bank has downside protection with its current low valuation due to fear of credit losses but has the strong tailwind of the recovering economy and higher interest rates.
- Based on a higher price to tangible book value premium, American Riviera can rally to a higher price target per share.
For further details see:
American Riviera Bank: Santa Barbara County And Expanding