UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported) December 7, 2007
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American River Bankshares
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(Exact name of registrant as specified in its chapter)
California 0-31525 68-0352144
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(State or other jurisdiction (Commission (IRS Employer
Of incorporation) File Number) Identification No.)
3100 Zinfandel Drive, Suite 450, Rancho Cordova, California 95670
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (916) 851-0123
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Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Solicitation material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of
Certain Officers.
(b) On December 7, 2007, the Registrant, American River Bankshares,
accepted the resignation of Gregory Patton, President of American
River Bank. Mr. Patton is voluntarily leaving the Company to pursue
another employment opportunity. David T. Taber remains the Chief
Executive Officer of American River Bankshares and American River
Bank. Other than receiving his unpaid salary, vacation and deferred
compensation due to him, Mr. Patton was not eligible to receive any
current or future benefits under either his Employment Agreement or
his Salary Continuation Agreement. Mr. Patton has ninety (90) days
to exercise any vested stock options in accordance with the terms of
the American River Bankshares Stock Option Plan.
(c) The Registrant has not yet replaced Mr. Patton.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICAN RIVER BANKSHARES
/s/ Mitchell A. Derenzo
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December 7, 2007 Mitchell A. Derenzo, Chief Financial Officer
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