SOURCE: Pacific Valley Bank

June 02, 2009 19:03 ET

Pacific Valley Bank Announces Changes to Board of Directors

SALINAS, CA--(Marketwire - June 2, 2009) - At Pacific Valley Bank's (OTCBB: PVBK) annual meeting of shareholders held May 28, 2009, the shareholders elected three new board members and five continuing members to serve on the Board for the next year. The new members are Mr. Anthony M. Cosentino, Mr. Guillermo Nieto, Sr. and Mr. Peter K. Shah. All three are long time residents of Monterey County and were original founders of the Bank. The continuing members are Mr. Rodney J. Braga, Mr. Andrew P. Ausonio, Mr. Michael D. Cling, Mr. Lucio P. Cosentino and Mr. David B. Warner, CEO. The Board has elected Mr. Peter K. Shah as its chairman.

The Board would like to acknowledge and thank its outgoing directors Mr. Steven D. Bassi, Mr. Louis H. Huntington, Jr., Mr. Jon R. Moore, Mr. Guillermo Nieto, Jr. and Mr. Ben A. Tinkey for their dedication and years of service to Pacific Valley Bank. Messieurs Bassi, Huntington, Moore and Nieto have served since the founding of the Bank. Mr. Tinkey is continuing as the Bank's President.

About Pacific Valley Bank

Pacific Valley Bank is a California banking corporation that commenced operations on September 14, 2004. We offer our services from four locations; our headquarters office and Main Street office which are both located in Salinas, California, our office located in King City and our office located in Monterey. We provide a broad range of banking products and services, including credit and deposit services to our targeted client base of small and medium sized businesses, agriculture related businesses, non-profit organizations, professionals and individuals in Monterey County. For more information, visit www.pacificvalleybank.com.

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the ability to control costs and expenses, changes in the interest rate environment and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.

Contact Information

  • Contact:
    David Warner
    CEO
    831-771-4323