David Taber is stepping down after serving as American River Bank’s CEO since 2004, and he will be replaced by a bank executive with previous experience in Sacramento, according to the Rancho Cordova-based American River Bankshares and American River Bank.
ARB’s board of directors announced the hiring of David Ritchie as its new president and CEO. Ritchie is leaving his current position as regional manager and senior vice president for U.S. Bank’s commercial banking office in Southern California.
Ritchie once held leadership positions in Sacramento with Wells Fargo in its real estate and commercial banking operations.
“We are grateful to (Taber) for his long-standing tenure and service,” Charles Fite, chairman of ARB’s board of directors, said in a statement. “David has demonstrated a strong commitment to the bank, our employees, clients and shareholders.”
Taber held various management positions with the bank since 1985.
In his previous banking years in Sacramento, Ritchie was involved in various regional entities, including serving on the boards of the Make-A-Wish Foundation and Pride Industries.