SOURCE: North Valley Bancorp

North Valley Bancorp

August 24, 2010 20:09 ET

North Valley Bancorp Announces the Hiring of Two Market Leaders

REDDING, CA--(Marketwire - August 24, 2010) -  North Valley Bancorp (NASDAQ: NOVB), the parent company of North Valley Bank, today announced the hiring of two new market leaders, Dennis Raymond and Aaron Beckman. Mr. Raymond brings 22 years of commercial lending and leadership experience and will be responsible for the Bank's Sacramento market. Mr. Beckman has 20 years overall banking experience with 17 years specializing in government guaranteed lending and will manage the Bank's Government Guaranteed Lending group. 

"I am excited to announce these additions to our team. Mr. Raymond and Mr. Beckman add significant experience and knowledge in their respective disciplines and have a strong market presence. I look forward to working with them to continue to grow our customer base and franchise," commented Michael J. Cushman, President & CEO. 

North Valley Bancorp is a bank holding company headquartered in Redding, California. Its subsidiary, North Valley Bank ("NVB"), operates twenty-five commercial banking offices in Shasta, Humboldt, Del Norte, Mendocino, Yolo, Sonoma, Placer and Trinity Counties in Northern California, including two in-store supermarket branches and six Business Banking Centers. North Valley Bancorp, through NVB, offers a wide range of consumer and business banking deposit products and services including internet banking and cash management services. In addition to these depository services, NVB engages in a full complement of lending activities including consumer, commercial and real estate loans. Additionally, NVB has SBA Preferred Lender status and provides investment services to its customers. Visit the Company's website address at www.novb.com for more information.

Cautionary Statement: This release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those stated herein. Management's assumptions and projections are based on their anticipation of future events and actual performance may differ materially from those projected. Risks and uncertainties which could impact future financial performance include, among others, (a) competitive pressures in the banking industry; (b) changes in the interest rate environment; (c) general economic conditions, either nationally, regionally or locally, including fluctuations in real estate values; (d) changes in the regulatory environment; (e) changes in business conditions or the securities markets and inflation; (f) possible shortages of gas and electricity at utility companies operating in the State of California, and (g) the effects of terrorism, including the events of September 11, 2001, and thereafter, and the conduct of the war on terrorism by the United States and its allies. Therefore, the information set forth herein, together with other information contained in the periodic reports filed by the Company with the Securities and Exchange Commission, should be carefully considered when evaluating the business prospects of the Company. North Valley Bancorp undertakes no obligation to update any forward-looking statements contained in this release, except as required by law.

Contact Information

  • For further information contact:
    Michael J. Cushman
    President & Chief Executive Officer
    (530) 226-2900
    Fax: (530) 221-4877
    or
    Kevin R. Watson
    Executive Vice President & Chief Financial Officer
    (530) 226-2900
    Fax: (530) 221-4877