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Central Valley Community Bank Honored With a 4-Star Excellent Rating
| Quelle: Central Valley Community Bank
FRESNO, CA--(Marketwire - January 24, 2008) - Daniel J. Doyle, President and Chief Executive
Officer of Central Valley Community Bank, the sole subsidiary of Central
Valley Community Bancorp (NASDAQ : CVCY ), is pleased to announce that the
Bank has achieved a 4-Star Excellent rating, based upon its 2007 third
quarter financials, by The Recommended Bank and Thrift Report by Bauer
Financial of Coral Gables, FL. Central Valley Community Bank has received
a recommended rating for seven consecutive quarters.
The achievement of the 4-Star Excellent rating on the Recommended Bank &
Thrift Report indicates that Central Valley Community Bank is safe,
financially sound and is operating above its regulatory capital
requirements. The rating is based upon Bauer Financial's recognition
criteria, which include capital ratio, profitability/loss trend, regulatory
supervisory agreements, community investment rating and liquidity.
"To be recognized as a 4-Star Excellent Bank exemplifies our strong
commitment to banking excellence," stated Daniel J. Doyle, President and
Chief Executive Officer of Central Valley Community Bancorp and Central
Valley Community Bank. "This designation represents the Bank's hard work
and dedication to our customers and the community."
Bauer Financial's 4-Star Excellent rating is widely coveted by financial
institutions nationwide. Since 1983, Bauer Financial has awarded this
distinct classification to financial institutions that have continually
proven to be top performing banks. Bauer Financial operates as an
independent, unbiased third party that rates FDIC insured banks and
federally insured credit unions.
Central Valley Community Bancorp trades on the NASDAQ stock exchange under
the symbol CVCY. Central Valley Community Bank, headquartered in Fresno,
California, was founded in 1979 and is the sole subsidiary of Central
Valley Community Bancorp. Central Valley Community Bank currently operates
twelve offices in Clovis, Fresno, Kerman, Madera, Oakhurst, Prather,
Sacramento, and a loan production office in Modesto. Additionally, the
Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness
Lending Departments. Insurance services are offered through Central Valley
Community Insurance Services LLC and investment services are provided by
Investment Centers of America. Members of Central Valley Community
Bancorp's and the Bank's Board of Directors are: Daniel N. Cunningham
(Chairman), Sidney B. Cox, Edwin S. Darden, Jr., Daniel J. Doyle, Steven D.
McDonald, Louis McMurray, Wanda L. Rogers, William S. Smittcamp, and Joseph
B. Weirick.
More information about Central Valley Community Bancorp and Central Valley
Community Bank can be found at www.cvcb.com.
Forward-looking Statements- Certain matters discussed in this press release
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements contained herein
that are not historical facts, such as statements regarding the Company's
current business strategy and the Company's plans for future development
and operations, are based upon current expectations. These statements are
forward-looking in nature and involve a number of risks and uncertainties.
Such risks and uncertainties include, but are not limited to (1)
significant increases in competitive pressure in the banking industry; (2)
the impact of changes in interest rates, a decline in economic conditions
at the international, national or local level on the Company's results of
operations, the Company's ability to continue its internal growth at
historical rates, the Company's ability to maintain its net interest
margin, and the quality of the Company's earning assets; (3) changes in the
regulatory environment; (4) fluctuations in the real estate market; (5)
changes in business conditions and inflation; (6) changes in securities
markets; and (7) the other risks set forth in the Company's reports filed
with the Securities and Exchange Commission, including its Annual Report on
Form 10-K for the year ended December 31, 2006. Therefore, the information
set forth in such forward-looking statements should be carefully considered
when evaluating the business prospects of the Company.