SOURCE: Pacific Valley Bank

August 05, 2008 18:33 ET

PVB CEO Ben Tinkey Resumes Duties as Chief Lending Officer

SALINAS, CA--(Marketwire - August 5, 2008) - Pacific Valley Bank (OTCBB: PVBK) announced today that President and Chief Executive Officer Ben Tinkey has resumed the duties of Chief Loan Officer for the Bank as a part of his overall CEO responsibilities.

In commenting on the change in management responsibility, Tinkey said, "While we have had great success in the growth of the Bank recently, we need to continue to deliver superior customer service from our now larger organization, and this move will allow us to do just that.

"The Bank embarked on an accelerated growth strategy in mid 2006 in reaction to changes in the local market at that time. In recent months, there have been further changes in the financial industry, and the Bank continues to make adjustments to react to these changes. We are doing everything that we can to deliver the best service possible to our customers and to maximize the value to our shareholders."

About Pacific Valley Bank:

Pacific Valley Bank was formed in Salinas in 2004 by local community and business leaders. The bank opened a second branch in Salinas in mid-2006, a branch in King City in late 2006, a branch in Hollister in early 2007 and a branch in downtown Monterey in the summer of 2007. Most of the bank's shareholders live and work in the areas served by the bank.

Contact Information

  • For further information contact:
    Ben Tinkey
    President, Pacific Valley Bank
    (831) 422-5300
    Or visit the Bank's web site at www.pacificvalleybank.com