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Terry Maltese discloses 6.6% stake in American River Bankshares

Terry Maltese, along with affiliated investment vehicles such as Maltese Capital Management LLC, cut his stake in American River Bankshares to 6.6%, according to an amended Schedule 13D filed March 30.

The investor group disclosed beneficial ownership of 440,709 shares in the Rancho Cordova, Calif.-based company, based on 6,679,909 outstanding shares as of Feb. 22.

Maltese previously declared a 7.7% stake in the company, reflecting beneficial ownership of 514,009 common shares, based on 6,656,594 outstanding shares as of Nov. 2, 2016.