American River Bankshares (NasdaqGS:AMRB) announces a share repurchase program. Under the program, the company will repurchase up to 333,086 shares, representing 5% of the shares outstanding. The repurchases will be made from time to time in the open market transactions as conditions allow. The repurchased shares will be retired. The repurchases will be structured to comply with Securities and Exchange Commission Rule 10b-18. The Board of Directors believes that the repurchase program is a viable tool in building shareholder value while enabling the company to continue to grow profitably. 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, 2016, the company had 6,661,726 shares outstanding.