River City Bank is celebrating 50 highly successful years in business with deep Sacramento roots and a bright future as California’s premier business bank. Backed by personalized service, local decision making and assets of more than $4 billion, River City Bank holds a unique position as the region’s largest independent, locally owned and managed bank. Though many other community banks have come and gone throughout the years, River City Bank has remained and thrived since it was founded by Jon S. Kelly in 1973.
“As a family-owned business, I am proud of River City Bank’s success through the years and I can assure you that my late father, Jon S. Kelly, would be extremely pleased that his vision to be innovative, nimble and to always take the long view continues to be the foundation for the bank today,” says Shawn Kelly Devlin, chairman of the board.
“We’ve built a solid reputation as the bank that cultivates and maintains client relationships that stand the test of time,” she continues. “It has been my honor to both watch and lead River City Bank’s evolution through the last five decades. We continue to grow and serve our community. My father always said to hire well and treat them well. I appreciate our high quality, exceptionally talented team that works hard and is dedicated to the bank’s success and my family’s legacy.”
“We’ve followed a simple yet effective formula for 50 years: ensuring our business clients receive customized and innovative banking solutions, competitively priced depository services and financing, industry-leading expertise, and highly responsive service at every step of their financial journey” — Stephen Fleming, President and CEO
As a Sacramento businessman in the early 1970s, Jon S. Kelly saw firsthand the need for a strong bank with local roots and made it happen. Businesses responded and River City Bank welcomed more than $1.5 million in deposits in its first 30 days. Only 20 years later, the bank had become the trusted partner of so many business clients that it earned the title of most total deposits among regional banks.By 2009, River City Bank reached more than $1 billion in total assets, earning a Top 10 Percent ranking among national banks and, by 2019, opened an office in San Francisco to better serve businesses throughout the greater Bay Area.
Today, as California’s premier boutique commercial bank for small- to middle-market businesses and affluent individuals, River City Bank also partners with and strengthens its communities. With a deep commitment to giving back, the Kelly Foundation has awarded $9.7 million in grants to help a diverse range of organizations continue their work in changing lives and making a difference for all of us.
“We’ve followed a simple yet effective formula for 50 years: ensuring our business clients receive customized and innovative banking solutions, competitively priced depository services and financing, industry-leading expertise, and highly responsive service at every step of their financial journey,” says Stephen Fleming, president and CEO. “While we cherish our rich history, we’re actively looking ahead and building on the promise of tomorrow. By staying true to our time-tested values, we’re in prime position to serve our current and future business clients for the next 50 years — and beyond.”
