American River Bankshares (NASDAQ: AMRB)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
American River Bankshares (NASDAQ: AMRB) in connection with the proposed acquisition of the company by Bank of Marin Bancorp ( BMRC ). Under the terms of the merger agreement, AMRB shareholders will receive 0.575 shares of BMRC common stock for each AMRB share that they own, representing implied consideration of approximately $20.37 based upon BMRC s April 30, 2021 closing price of $35.42. If you own AMRB shares and wish to discuss this investigation or your rights, please call us or visit our website: https://weisslawllp.com/news/amrb/
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Bank of Marin Bancorp and American River Bankshares Announce The Signing of a Merger Agreement
American River BanksharesApril 19, 2021 GMT
NOVATO, Calif. and SACRAMENTO, Calif., April 19, 2021 (GLOBE NEWSWIRE) Bank of Marin Bancorp, “BMRC” (Nasdaq: BMRC), parent company of Bank of Marin, “the Bank,” and American River Bankshares “AMRB” (Nasdaq: AMRB), parent company of American River Bank, today announced the signing of a merger agreement. American River Bankshares has ten branches across the Greater Sacramento, Amador and Sonoma County regions, assets of $916.1 million, total deposits of $788.6 million, and total loans of $475.4 million as of March 31, 2021.
American River Bankshares s Stock Price And Volume Action
American River Bankshares s (NASDAQ:AMRB) stock has been rising Monday, up 22.32% to a price of $20.25. The stock s volume is currently 82.92 thousand, which is roughly 386.81% of its recent 30-day volume average of 21.44 thousand.
Why It s Moving
Benzinga Pro s real-time breaking news service shows some insight into what is affecting shares: American River Bankshares are trading higher. The company reported Q1 earnings and also signed a merger agreement with Bank of Marin Bancorp.
Insights On Recent Price Action
The 50-day moving average price of American River Bankshares s stock was $15.4 when this article was published. The stock reached a high of $17.24 and a low of $8.9 in the past 52 weeks.
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