FRESNO, CA--(Marketwired - Jul 5, 2016) - Central Valley Community Bancorp (Company) (
"Inclusion in the Russell 2000® Index represents another proud step in the growth and value of our franchise. The additional visibility and exposure will result in interest from a broader group of investors which is good for the Company and our shareholders," said James M. Ford, President and Chief Executive Officer of Central Valley Community Bancorp and Central Valley Community Bank.
The Russell 2000® is a subset of the Russell 3000® Index, an annual index of the 3,000 largest companies in the United States, measured by market capitalization. The 1,000 largest companies within this index are assigned to the large cap Russell 1000®, with the remaining 2,000 making up the small cap Russell 2000®. The indexes are totally reconstituted each year, generally in May. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on FTSE Russell, visit www.ftserussell.com.
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 operates 20 full service offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy, and Visalia, California. In April 2016, Central Valley Community Bancorp entered into a definitive agreement to acquire Sierra Vista Bank with three banking offices in Folsom, Fair Oaks and Cameron Park, which is expected to be completed fourth quarter of 2016. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Central Valley Investment Services are provided by Investment Centers of America, Inc.
Members of Central Valley Community Bancorp's and the Bank's Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Lead Independent Director), Edwin S. Darden, Jr., F. T. "Tommy" Elliott, IV, James M. Ford, Steven D. McDonald, Louis McMurray, William S. Smittcamp, and Joseph B. Weirick. Wanda L. Rogers and Sidney B. Cox are Founding Directors Emeriti.
More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.
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 ("SEC"), including its Annual Report on Form 10-K for the year ended December 31, 2015. Therefore, the information set forth in such forward-looking statements should be carefully considered when evaluating the business prospects of the Company.