SOURCE: North Valley Bancorp

May 27, 2005 17:00 ET

North Valley Bancorp Declares Cash Dividend

REDDING, CA -- (MARKET WIRE) -- May 27, 2005 -- The Board of Directors of North Valley Bancorp (NASDAQ: NOVB), has declared a cash dividend of $0.10 (ten cents) per common share. The dividend is payable on July 1, 2005, to holders of record at the close of business on June 15, 2005.

North Valley Bancorp is a multi-bank holding company headquartered in Redding, California. North Valley Bank ("NVB") operates twenty commercial banking offices in Shasta, Humboldt, Del Norte, Mendocino and Trinity Counties in Northern California including two in-store supermarket branches and two Business Banking Centers. NVB Business Bank operates five commercial banking offices in Yolo, Solano, Sonoma, Placer and Mendocino Counties in Northern California. North Valley Bancorp, through its subsidiary banks, 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, North Valley Bank engages in a full complement of lending activities including consumer, commercial and real estate loans, with particular emphasis on short and medium term loans and installment loans through the Dealer Finance Division. NVB has SBA Preferred Lender status and provides investment services to its customers through an affiliated relationship. Visit the Company's website address at www.novb.com.

Contact Information

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

    Edward J. Czajka
    Executive Vice President & Chief Financial Officer