Leadership Changes at River Valley Community Bancorp Announced

River Valley Community Bancorp Announces Director Retirements

River Valley Community Bancorp (OTC markets: RVCB), along with its wholly owned subsidiary, River Valley Community Bank, is entering a new phase as it announces the retirements of two esteemed Directors, John I. Jelavich and Joseph M. Griggs. Their retirements are effective December 31, 2024.

Contributions of John I. Jelavich

John I. Jelavich has been a cornerstone of River Valley Community Bank since its inception. As the founding President and CEO, he has significantly influenced the bank's direction and values. Mr. Jelavich stepped down from active management in April 2014 after 45 years in banking, yet he has continued to serve on the bank's Board of Directors, offering invaluable insights and leadership.

A Lasting Impact on the Community

Beyond his professional commitments, John and his wife, Karin, have dedicated themselves to supporting numerous local initiatives, especially in education and financial literacy. They played a pivotal role in establishing the Sutter Yuba Community Foundation, which reflects their commitment to community enhancement.

Reflections from Joseph M. Griggs

Joseph M. Griggs joined the Bank's Board on January 1, 2014, marking his contributions as vital since the opening of the Grass Valley Branch. As a second-generation logger turned business leader, he became President of Robinson Enterprises in 2011, overseeing a diverse company involved in logging and petroleum services.

Plans for the Future

Joe's expertise on the Directors Loan Committee has been crucial in managing the bank's financial strategies and community outreach in Nevada County. With his retirement from the board aligned with his professional retirement from Robinson Enterprises, Joe and his wife, Lynn, look forward to spending quality time with their family.

Words of Gratitude from Board Leadership

Board Chair Stephen F. Danna expressed heartfelt appreciation for both John and Joe's remarkable contributions. He remarked that their insights and integrity have been integral in shaping River Valley Community Bank into a respected institution. Their absence will be keenly felt during board meetings and committee discussions.

The Bank’s Ongoing Commitment

Despite these leadership changes, River Valley Community Bank remains committed to its customers and community. It’s highly rated by BauerFinancial and Depositaccounts.com, offering a wide array of banking products and technology to meet the needs of its clients. The Bank has several locations where it serves customers effectively.

Locations of River Valley Community Bank

River Valley Community Bank operates through the following locations:

• 1629 Colusa Avenue, Yuba City, CA
• 580 Brunswick Rd, Grass Valley, CA
• 905 Lincoln Way, Auburn, CA
• 904 B Street, Marysville, CA
• 401 Ryland Street, Ste. 205, Reno, NV (Loan Production Office)
• 1508 Eureka Rd., Ste. 100, Roseville, CA (Loan Production Office)

For further details about their offerings and services, interested parties can visit their website at www.myrvcb.com or contact John M. Jelavich at (530) 821-2469.

Frequently Asked Questions

What prompted the retirements of the directors?

The retirements of John I. Jelavich and Joseph M. Griggs are part of a planned transition for the bank, marking the end of their significant tenures.

Who will replace the retiring directors?

The bank has not yet announced their successors, but the focus will be on finding individuals who can uphold the bank's standards and values.

How has River Valley Community Bank impacted the local community?

River Valley Community Bank has contributed to local initiatives, particularly in education and financial literacy, positively influencing the community since its formation.

What is the current status of River Valley Community Bank?

The bank maintains a high rating from BauerFinancial and is well-regarded in the industry for its customer service and community involvement.

How can I learn more about the bank's services?

For comprehensive details regarding services and offerings, visit the River Valley Community Bank website or contact their customer service directly.

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