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American River Bankshares buys back 349,715 shares in Q2

Rancho Cordova, Calif.-based acquired 5%of its outstanding common shares, a total of 349,715 shares, at an average price of $10.29 each,during the second quarter, according to an earnings release.

The company has bought back 716,897 common shares under the2016 stock repurchaseprogram, also at an average price of $10.29 apiece.

American River Bankshares reported second-quarter net incomeof $1.3 million, or 19 cents per share, compared to $1.4 million, or 18 centsper share, for the year-ago period.