American River Bankshares (AMRB)

[56Chevy]

Hedge funds play larger role as banks attempt to raise capital

May 24, 2013 *Note: this PR is from 16 months ago but remains relevant since AMRB still hasn't found a buyer.

Sierra Vista raises $1.5M, while investor blasts American River Bank

[....]

Meanwhile, American River Bankshares, parent company of American River Bank, had an entirely different experience with an East Coast investor.

During American River’s first quarter conference call last month, Henchy Enden, a bank analyst with MFP Investors LLC of New York, told the bank its trends were “not going in the right direction in any line item.”

The principal and founder of MFP, Michael Price, owns nearly 2.8 percent of the outstanding shares of American River.

Enden called for the bank to sell itself rather than continue to go on its present course.

http://www.bizjournals.com/sacramento/print-edition/2013/05/24/hedge-funds-big-role-bank-raise-capital.html