American Riviera Bank received the honor of being named a member of the ICBA 400 by ICBA Independent Banker, the definitive publication on community banks. Senior vice president Michelle Martinich explained that American Riviera was able to take advantage of a regulation that allows banks with two years of profitability to carry over losses, resulting in a one-time deferred tax asset. Although the six-year-old bank is unlikely to make the list again in the near future, the news reflects its swift success.
