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
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             (Exact name of registrant as specified in its chapter)


         California                   0-31525                  68-0352144
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(State or other jurisdiction        (Commission             (IRS Employer
      Of incorporation)             File Number)           Identification No.)


3100 Zinfandel Drive, Suite 450, Rancho Cordova, California        95670
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(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



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