SOURCE: Sierra Vista Bank

Sierra Vista Bank

July 30, 2014 11:00 ET

Sierra Vista Bank Announces the Opening of Its Third Branch

FOLSOM, CA--(Marketwired - Jul 30, 2014) - Sierra Vista Bank (OTCQB: SVBA) which is headquartered in Folsom California announced they have opened their third full service banking branch in Fair Oaks Village, Fair Oaks, California. The Bank will be celebrating their Grand Opening Thursday, July 31, 2014.

The Bank initially opened its Folsom branch in March 2007, followed by its Cameron Park branch in November 2008, and is now serving the financial needs of individuals and businesses in the Fair Oaks community. "The Bank is very pleased to become a member and supporter of the Fair Oaks community. We hope to enhance the experience of both businesses and individuals in the surrounding neighborhoods with our line of financial products," stated Gary D. Gall, President and CEO.

Sierra Vista Bank experienced significant growth in 2013 with assets increasing 29% to $102 million at December 31, 2013, and has now grown another 13% with assets totaling $114.5 million as of June 30, 2014. The Bank posted record profits for the first half of 2014 with pre-tax earnings surging 138% to $530,000.

About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling (916) 850-1500.

Forward Looking Statement:
In addition to historical information, this press release includes forward-looking statements, such as statements regarding increases in non-interest income, future profitability, the bank's ability to address challenges impacting economy in which it operates and future loan losses, which reflect management's current expectations for the bank's future financial results and business prospects. Forward-looking statements are inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: (a) changes in competitive pressures among depository and other financial institutions or in the bank's ability to compete effectively against larger financial institutions in its banking market; (b) actions of government regulators or changes in laws, regulations or accounting standards, that adversely affect the bank's business; (c) changes in interest rates and/or inflation; (d) changes in general economic or business conditions and the real estate market in the bank's market; and (e) other unexpected developments or changes in the bank's business or its customers' businesses. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. You should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Contacts:
    Gary D. Gall
    President/CEO
    Sierra Vista Bank
    (916) 850-1590
    Email Contact

    Lesa Fynes
    EVP/CFO
    Sierra Vista Bank
    (916) 850-1505
    Email Contact