SOURCE: Pacific Valley Bank

June 05, 2007 16:57 ET

Pacific Valley Bank Names Tom Ragusa Senior Vice President

SALINAS, CA--(Marketwire - June 5, 2007) - The Board of Directors of Pacific Valley Bank (OTCBB: PVBK) has elected Tom Ragusa Senior Vice President and Chief Risk Officer.

In addition to his current duties as Risk Manager, Compliance Officer and Security Officer, Mr. Ragusa has assumed management of the bank's Central Operations, Branch Administration and Cash Management functions. He is now also responsible for the management of core data processing applications and is PVB's Bank Secrecy Act Officer.

Mr. Ragusa has an eighteen year career in banking in the area of operations, administration, compliance and risk management. He joined Pacific Valley Bank prior to its opening in September 2004. Prior to joining PVB, Mr. Ragusa had been with Coast Commercial Bank, Monterey Bank, in addition to Tokai Bank of California and PFF Bank and Trust in Southern California.

About Pacific Valley Bank:

Pacific Valley Bank was formed in Salinas in 2004 by local community and business leaders. Most of the bank's shareholders live and work in Monterey County. The bank opened a second branch in Salinas in mid-2006, a branch in King City in late 2006, and a branch in Hollister in early 2007. Recently, a branch in Monterey has been opened. At year-end 2006, the bank reported assets of $108 million.

Contact Information

  • For further information contact:

    Ben Tinkey
    President
    Pacific Valley Bank
    Sue Carlson
    Senior Vice President
    Pacific Valley Bank
    (831) 422-5300

    Or visit the Bank's web site at www.pacificvalleybank.com

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