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)      Thursday, December 20, 2001
                                           -----------------------------------


                             American River Holdings
- --------------------------------------------------------------------------------
              (Exact name of registrant as specified in its chapter)

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



1545 River Park Drive, Suite 107, Sacramento, California          95815
- --------------------------------------------------------    ------------------
(Address of principal executive offices)                        (Zip Code)


Registrant's telephone number, including area code          (916) 565-6100
                                                      ------------------------

Page 1 of 4 Pages
The Index to Exhibits is on Page 3


Item 5.  Other Events.

         Registrant issued a press release December 20, 2001 announcing a $0.14
cash dividend. The foregoing description is qualified by reference to the press
release attached hereto as Exhibit 99.1.

Item 7.  Financial Statements and Exhibits.

(c) Exhibits

(99.1)   Press release dated December 20, 2001



                                   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 HOLDINGS


                              /s/ Mitchell A. Derenzo
                              --------------------------------------------
                              Mitchell A. Derenzo, Chief Financial Officer


December 20, 2001


Page 2 of 4 Pages


                                INDEX TO EXHIBITS


Exhibit No.             Description                                 Page
- -----------             -----------                                 ----

 99.1                   Press release of American River               4
                        Holdings dated December 20, 2001



Page 3 of 4 Pages