CVCY » Topics » INTRODUCTION:

These excerpts taken from the CVCY 10-K filed Mar 19, 2009.

INTRODUCTION

 

Central Valley Community Bancorp (NASDAQ: CVCY) (the Company) was incorporated on February 7, 2000.  The formation of the holding company offered the Company more flexibility in meeting the long-term needs of customers, shareholders, and the communities it serves.  The Company currently has one bank subsidiary, Central Valley Community Bank (the Bank) and one business trust subsidiary, Service 1st Capital Trust 1.  The Bank of Madera County (BMC) was merged with and into the Bank on January 1, 2005.  BMC had two branches in Madera County which continue to be operated by the Bank.  After the close of business on November 12, 2008, Service 1st Bancorp (Service 1st) was merged with and into the Company, and Service 1st Bank (S1 Bank) was merged with and into the Bank.  S1 Bank had three branches in Stockton, Tracy, and Lodi which continue to be operated by the Bank.  Service 1st Capital Trust 1 (the Trust) is a business trust formed for the purpose of issuing trust preferred securities.  The Company succeeded to all the rights and obligations of the Trust in connection with the acquisition of Service 1st.  The Trust is a subsidiary of the Company. The Company’s market area includes the central valley area from Sacramento, California to Bakersfield, California.

 

During 2008, the Company focused on assuring that competitive products and services were made available to our clients while adjusting to the many new laws and regulations that affect the banking industry.  During 2008 the Company acquired Service 1st Bancorp and its banking subsidiary adding three strategically located branches and we relocated our Herndon and Fowler branch from an in-store location to a new larger facility.  During 2007, the Bank opened a loan production office in Modesto, California, and relocated our Kerman branch to a new larger facility.  During 2006, the Bank opened two full service retail offices in the Fresno one in the  downtown area and one in the Sunnyside area of Fresno, respectively.  Also in 2006, the Company consolidated its administrative offices into a single stand location in Fresno and opened a limited service branch there.  With the acquisition of S1 Bank in 2008, the Bank now operates 15 full-service branches, one limited service branch and one loan production office.

 

 

INTRODUCTION



 



Central Valley Community Bancorp (NASDAQ: CVCY) (the Company) was
incorporated on February 7, 2000. 
The formation of the holding company offered the Company more
flexibility in meeting the long-term needs of customers, shareholders, and the
communities it serves.  The Company
currently has one bank subsidiary, Central Valley Community Bank (the Bank) and
one business trust subsidiary, Service 1
st Capital Trust 1.  The Bank of Madera County (BMC) was merged
with and into the Bank on January 1, 2005. 
BMC had two branches in Madera County which continue to be operated by
the Bank.  After the close of business on
November 12, 2008, Service 1st Bancorp (Service 1st) was merged with and into the Company,
and Service 1st Bank (S1 Bank) was merged with and into the
Bank.  S1 Bank had three branches in
Stockton, Tracy, and Lodi which continue to be operated by the Bank.  Service 1st Capital Trust 1
(the Trust) is a business trust formed for the purpose of issuing trust
preferred securities.  The Company
succeeded to all the rights and obligations of the Trust in connection with the
acquisition of Service 1st.  The Trust is a subsidiary of the Company. The
Company’s market area includes the central valley area from Sacramento,
California to Bakersfield, California.



 



During 2008, the Company focused on assuring that competitive products
and services were made available to our clients while adjusting to the many new
laws and regulations that affect the banking industry.  During 2008 the Company acquired Service 1
st Bancorp and its banking subsidiary adding
three strategically located branches and we relocated our Herndon and Fowler
branch from an in-store location to a new larger facility.  During 2007, the Bank opened a loan
production office in Modesto, California, and relocated our Kerman branch to a
new larger facility.  During 2006, the
Bank opened two full service retail offices in the Fresno one in the  downtown area and one in the Sunnyside area
of Fresno, respectively.  Also in 2006,
the Company consolidated its administrative offices into a single stand
location in Fresno and opened a limited service branch there.  With the acquisition of S1 Bank in 2008, the
Bank now operates 15 full-service branches, one limited service branch and one
loan production office.



 



 



These excerpts taken from the CVCY 10-K filed Mar 5, 2008.

INTRODUCTION:

 

Central Valley Community Bancorp (NASDAQ: CVCY) (the Company) was incorporated on February 7, 2000.  The formation of the holding company offered the Company more flexibility in meeting the long-term needs of customers, shareholders, and the communities it serves.  The Company currently has one bank subsidiary, Central Valley Community Bank (the Bank).  The Bank of Madera County (BMC) was merged with and into the Bank on January 1, 2005.  BMC had two branches in Madera County which continue to be operated by the Bank.  The Company’s market area includes the central valley area from Sacramento, California to Bakersfield, California.

 

During 2007, the Company focused on assuring that competitive products and services were made available to our clients while adjusting to the many new laws and regulations that affect the banking industry.  During 2007, the Bank opened a loan production office in Modesto, California, and relocated our Kerman branch to a new larger facility.  During February and November of 2006, the Bank opened full service retail offices in the Fresno downtown area and in the Sunnyside area of Fresno, respectively.  During October 2006, the Company consolidated its administrative offices into a single location on Financial Drive in Fresno and opened a limited service branch there, bringing the total number of branches to 12.

 

INTRODUCTION:



 



Central Valley Community Bancorp (NASDAQ: CVCY) (the Company) was
incorporated on February 7, 2000. 
The formation of the holding company offered the Company more
flexibility in meeting the long-term needs of customers, shareholders, and the
communities it serves.  The Company
currently has one bank subsidiary, Central Valley Community Bank (the
Bank).  The Bank of Madera County (BMC)
was merged with and into the Bank on January 1, 2005.  BMC had two branches in Madera County which
continue to be operated by the Bank.  The
Company’s market area includes the central valley area from Sacramento, California
to Bakersfield, California.



 



During 2007, the Company focused on assuring that competitive products
and services were made available to our clients while adjusting to the many new
laws and regulations that affect the banking industry.  During 2007, the Bank opened a loan
production office in Modesto, California, and relocated our Kerman branch to a
new larger facility.  During February and
November of 2006, the Bank opened full service retail offices in the
Fresno downtown area and in the Sunnyside area of Fresno, respectively.  During October 2006, the Company
consolidated its administrative offices into a single location on Financial
Drive in Fresno and opened a limited service branch there, bringing the total
number of branches to 12.



 



This excerpt taken from the CVCY 10-K filed Mar 29, 2007.

INTRODUCTION:

Central Valley Community Bancorp (NASDAQ: CVCY) (the Company) was incorporated on February 7, 2000.  The formation of the holding company offered the Company more flexibility in meeting the long-term needs of customers, shareholders, and the communities it serves.  The Company currently has one bank subsidiary, Central Valley Community Bank (the Bank).  The Company’s market area includes the central valley area from Sacramento, California to Bakersfield, California.

After the close of business on December 31, 2004, the Company completed the merger with Bank of Madera County (BMC).  The Madera and Oakhurst branches of BMC were merged into the Bank.  For details of the merger, refer to Note 2 to the Company’s audited Consolidated Financial Statements in Item 8 of the Annual Report.

During 2006, the Company focused on assuring competitive products and services to our clients were made available while adjusting to the many new laws and regulations that affect the banking industry.  The Bank opened full service retail offices in the Fresno downtown area on February 13, 2006 and in the Sunnyside area of Fresno on November 13, 2006.  During October 2006, the Company consolidated its administrative offices into a single location on Financial Drive in Fresno and opened a limited service branch there, bringing the total number of branches to 12.

33




This excerpt taken from the CVCY 10-K filed Mar 24, 2006.

INTRODUCTION:

 

Central Valley Community Bancorp (NASDAQ: CVCY) (the “Company”) was incorporated on February 7, 2000. The formation of the holding company offered the Company more flexibility in meeting the long-term needs of customers, shareholders, and the communities it serves. The Company currently has one bank subsidiary. The Company’s market area includes the central valley area from Sacramento, California to Bakersfield, California. To garner public acceptance beyond the Clovis-Fresno area, the Company made a decision in the first half of 2002 to change the name of its one subsidiary, Clovis Community Bank, to Central Valley Community Bank (the “Bank”).

 

During 2005, the Company focused on assuring competitive products and services to our clients were made available while adjusting to the many new laws and regulations that affect the banking industry. The Bank opened a full service retail office in the Fresno downtown area on February 13, 2006.

 

After the close of business on December 31, 2004, the Company completed the merger with Bank of Madera County (BMC). The Madera and Oakhurst branches of BMC were merged into the Bank bringing the total number of branches to nine. For details of the merger, refer to Note 2 to the Company’s audited Consolidated Financial Statements in Item 8 of the Annual Report.

 

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