FRESNO, CA--(Marketwire - April 10, 2008) - Daniel J. Doyle, President and Chief Executive
Officer of Central Valley Community Bancorp (Company) (
The Bank was one of 55 banks in California who were recognized as Super Premier Performers and the only bank headquartered in Fresno to receive this distinction. The criteria analyzed to achieve any of the performance levels were: increased liquidity, capital adequacy, asset structure and growth, loan portfolio and deposit qualities, operating performance, equity return and senior management stability.
"We are honored to receive The Findley Reports highest recognition, which indicates the safety and soundness of our Bank, particularly during these turbulent times in the financial market. This distinction is another demonstration of our Bank's financial strength and security, and should provide our customers and the community with increased confidence in Central Valley Community Bank," said Daniel J. Doyle, President and CEO of Central Valley Community Bank and Central Valley Community Bancorp.
The Super Premier Performer classification by The Findley Reports is widely coveted by financial institutions throughout the Western United States. The Findley Reports has provided California's banking industry with performance benchmarking and awarded distinct classifications to a variety of financial institutions for over 40 years.
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 12 full-service offices in Clovis, Fresno, Kerman, Madera, Oakhurst, Prather, Sacramento, and has a loan production office in Modesto, California. 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 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, 2007. Therefore, the information set forth in such forward-looking statements should be carefully considered when evaluating the business prospects of the Company.
Contact Information: CONTACT: Debra Nalchajian-Cohen Cohen Communications (559) 222-1322