SOURCE: Pacific Valley Bank

May 01, 2007 12:31 ET

Tinkey Will Succeed Wheeler as Pacific Valley Bank CEO September 14

SALINAS, CA -- (MARKET WIRE) -- May 1, 2007 -- Pacific Valley Bank (OTCBB: PVBK) announced today that Ben Tinkey will succeed Bob Wheeler as Chief Executive Officer on September 14, 2007.

Wheeler was chosen as President and Chief Executive Officer of Pacific Valley Bank by the bank's founders in early 2004, and he has guided the company through its organization and opening in September 2004. In mid-2006, the Board of Directors announced that Chief Lending Officer Ben Tinkey had been named President with the intent that he succeeds Wheeler as Chief Executive Officer at some point in the near future. Tinkey was named Chief Operating Officer earlier this year. After September 14, 2007 Bob Wheeler will continue as an employee of the Bank until at least March 31, 2008. Mr. Wheeler states that, "I am looking forward to a continued role as a supportive resource for Ben Tinkey well after the transition is complete. I have the greatest confidence of Ben's ability to lead Pacific Valley Bank and I am very pleased that the board has named him as my replacement."

Rodney Braga, Chairman of the Board of Directors, said, "We are fortunate to have someone with Bob Wheeler's background and talents at the critical time of the bank's organization and its formative stage. Bob's management style is very teamwork oriented and his collaboration with Ben Tinkey and the Board of Directors has largely contributed to our success. I believe the Bank is fortunate to have attracted both Ben and Bob, individuals that have the necessary qualities for strong performance in the chief executive officer position and I expect this transition will be seamless."

Bob Wheeler had a 33-year career in banking when he joined Pacific Valley Bank. He had helped launch Sequoia Community Bank in Sanger, CA, and served as its first President and Chief Executive Officer. Ben Tinkey was also part of the management of Pacific Valley Bank during its organization and had nearly 30 years of lending experience when he was named Chief Lending Officer.

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. A branch in Monterey will open this spring. At March 31, 2007, the bank reported assets of $115 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