UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest reported) September 19, 2007 ----------------------- American River Bankshares -------------------------------------------------------------------------------- (Exact name of registrant as specified in its chapter) California 0-31525 68-0352144 ---------------------------- ------------ ------------------ (State or other jurisdiction (Commission (IRS Employer Of incorporation) File Number) Identification No.) 3100 Zinfandel Drive, Suite 450, Rancho Cordova, California 95670 ----------------------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (916) 851-0123 ------------------- Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Solicitation material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Page 1 of 2 Pages Item 1.01. Entry into a Material Definitive Agreement. On September 19, 2007, the Board of Directors of American River Bankshares (the "Company") approved the 2007 annual salaries for the Executive Officers of the registrant as follows: David Taber, Chief Executive Officer, $267,800; Mitchell Derenzo, Chief Financial Officer, $150,800; Douglas Tow, Chief Credit Officer, $150,800; Kevin Bender, Chief Information Officer, $124,800; Gregory Patton, President of American River Bank, $145,600; Raymond Byrne, President of North Coast Bank, a division of American River Bank, $135,200; and Larry Standing, President of Bank of Amador, a division of American River Bank $156,000. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN RIVER BANKSHARES /s/ MITCHELL A. DERENZO -------------------------------------------- September 20, 2007 Mitchell A. Derenzo, Chief Financial Officer Page 2 of 2 Pages