Central Valley Community Bank Expands to Merced County Representing Its 16th Branch in the Valley
| Source: Central Valley Community Bank
FRESNO, CA--(Marketwire - June 25, 2009) - Daniel J. Doyle, President and Chief Executive
Officer of Central Valley Community Bank (Bank), the sole subsidiary of
Central Valley Community Bancorp (Company) (NASDAQ : CVCY ), announced today
plans to expand into Merced County. The new 2,000 square foot office is
expected to open in August 2009 and will be managed by Merced native Susan
Armstrong, Vice President, Branch Manager, who brings over 25 years of
community banking experience specializing in branch management and consumer
and small business lending. Tom Crawley, Vice President, Commercial Loan
Officer, also joins the Merced team with over 23 years of commercial and
real estate lending experience, including numerous special awards for his
lending expertise and performance in the Merced area. Michael German,
Assistant Vice President, SBA Loan Officer, adds 31 years of local SBA
lending experience to the new Merced office team as well.
The new Merced office is located at 2832 North G Street, on the
northeast corner of North G Street and Bear Creek, in the Galleria Shopping
Center and as of its opening will operate Monday - Thursday, 9:00 a.m. -
5:00 p.m., and Friday, 9:00 a.m. - 6:00 p.m. A full-time staff of local
professionals specializing in retail and commercial banking will be housed
at the new office, as well as a convenient night depository box. For
community convenience Susan Armstrong, Vice President, Branch Manager, Tom
Crawley, Vice President, Commercial Loan Officer, and Michael German,
Assistant Vice President, SBA Loan Officer, are actively pursuing new
business and they are available for business inquiries at the Merced office
phone number (209) 725-2820.
The Bank's decision to expand into Merced was based upon the desire to
serve a growing customer base in between existing offices in Modesto and
Madera, as well as fill a void from the recent acquisition of the town's
local "community bank" by a large banking organization. The move into
Merced represents the 16th office in the Valley for Central Valley
Community Bank and is a part a long-term growth strategy to provide banking
services throughout the San Joaquin Valley.
"The Bank has had interest in expanding into Merced for many years, as we
believe the culture of the local community is consistent with that of our
Bank's," said Daniel J. Doyle, President and CEO of Central Valley
Community Bancorp and Central Valley Community Bank.
"With the recent disruption in the local community banking market, we
determined it was the right opportunity to enter into the Merced area by
bringing our unique brand of superior customer service to help serve the
banking needs of the community. We look forward to becoming involved in
the community through the donation of time, resources and funds to help the
area thrive and prosper, and we believe our new team of professional
bankers with extensive experience in the local community will help continue
our 29-year commitment to the Valley," concluded Doyle.
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
15 offices in Clovis, Fresno, Kerman, Lodi, Madera,
Oakhurst, Prather, Sacramento, Stockton, Tracy, and a loan production
office in Modesto, California. A new office is planned to open in Merced
during the third quarter of 2009. Additionally, the Bank operates
Commercial Real Estate Lending, SBA Lending and Agribusiness Lending
Departments. Investment services are provided by Investment Centers of
America and insurance services are offered through Central Valley Community
Insurance Services LLC. 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 (Director Emeritus), 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.