American River Bankshares (NasdaqGS:AMRB) announces a share repurchase program. Under the program, the company will repurchase up to 367,182 shares, representing 5% of the shares outstanding. The repurchases will be made from time to time in the open market transactions.

Repurchases will be structured to comply with Securities and Exchange Commission Rule 10b-18. The repurchased shares will be retired. The number, price and timing of the repurchases will be at the company's sole discretion and the program may be re-evaluated depending on market conditions, capital and liquidity needs or other factors.

Based on such re-evaluation, the Board of Directors may suspend, terminate, modify or cancel the program at any time and for any reason. As of December 31, 2015, the company had 7,343,649 shares outstanding.