SOURCE: Central Valley Community Bank

January 24, 2008 15:18 ET

Central Valley Community Bank Honored With a 4-Star Excellent Rating

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.

Contact Information

  • CONTACT:
    Debra Nalchajian-Cohen
    Cohen Communications
    (559) 222-1322