SOURCE: Pacific Valley Bank

April 09, 2007 17:58 ET

Sal Russo Joins PVB as VP and Business Development Officer

SALINAS, CA -- (MARKET WIRE) -- April 9, 2007 -- Pacific Valley Bank (OTCBB: PVBK) announced today that Sal Russo has been hired as Vice President and Business Development Officer. He will office at the Bank's branch in Monterey which will open in early summer of 2007.

For the past ten years, Russo has been Vice President of Business Development at Community Bank which became RaboBank in 2006. Russo is a native of Monterey County. He has been active as a volunteer and as an officer of many community organizations, including the California Rodeo Association, the ATT Pebble Beach Golf Tournament, Monterey Compari Club and Monterey Paisano Club.

Pacific Valley Bank's branch in Monterey will be located at 498 Alvarado St. in the historic Juan Bautista Alvarado Adobe. It will be the fifth PVB office. In announcing Sal Russo's hiring, Pacific Valley Bank President Ben Tinkey said, "We are pleased to have an individual with Sal's background and experience. Having him on our team underscores Pacific Valley Bank's commitment to the tradition of community banking."

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. 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