Latest Sierra Vista Bank CA (SVBA) Headlines
Sierra Vista Bank Reports Record 2013 Results
Marketwire - Thu Jan 30, 7:45AM CST
Sierra Vista Bank (OTCQB: SVBA) today reported net income of $4.7 million and pre-tax earnings of $671,000 for the year 2013. This makes 2013 the best performing year since the Bank opened in 2007, and compares to a loss of ($485,000) in the previous year. The Bank was able to realize a one time accounting adjustment to its deferred tax valuation allowance of approximately $4.0 million during the year. The increase in core earnings to $671,000 is reflective of significant growth, a strong net interest margin, operational efficiencies, as well as continued improvement in the Bank's loan portfolio.
Sierra Vista Bank Reports Record 3rd Quarter 2013 Results
Marketwire - Mon Oct 21, 7:01AM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported a 235% increase in 3rd quarter 2013 earnings of $228,000, or $0.06 per share compared to earnings of $68,000 or $.03 per share in the three months ending September 30, 2012.
Sierra Vista Bank Welcomes New President / Chief Executive Officer
Marketwire - Fri Aug 23, 7:30AM CDT
Sierra Vista Bank (OTCQB: SVBA) today announced the appointment of accomplished banking executive Gary D. Gall as President and Chief Executive Officer.
Sierra Vista Bank Reports Earnings in 2nd Quarter 2013
Marketwire - Wed Aug 07, 7:53PM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $170,000 for the 2nd Quarter of 2013, a 62% increase compared to earnings of $105,000 for the 2nd Quarter 2012. Sierra Vista Bank has now been profitable for five consecutive quarters. The Bank reported year to date earnings of $223,000 as of June 30, 2013, compared to a loss of ($592,000) through the first six months of 2012.
Sierra Vista Bank Announces President/CEO Resignation
Marketwire - Mon Jul 01, 11:05AM CDT
Sierra Vista Bank (OTCQB: SVBA) today announced that Gregory Patton has resigned as President and Chief Executive Officer. He has also resigned as a Director to the Board.
Sierra Vista Bank Receives New Capital
Marketwire - Thu May 16, 6:30PM CDT
Sierra Vista Bank (OTCQB: SVBA) today announced that it has received new capital funding from the Taylor International Fund, LTD which had been negotiated last December subject to regulatory approval. The total capital infusion received by the Bank from the Taylor International Fund, LTD came to just over $1.5 million. The new capital is in addition to the public offering conducted by the Bank in the third quarter of 2012, which raised more than $2.0 million. The Bank utilized Caldwell Securities, Inc. as the placement agent in this transaction.
Sierra Vista Bank Reports Earnings in 1st Quarter 2013
Marketwire - Tue May 07, 6:36PM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $52,000, for the 1st Quarter of 2013, compared to a loss of ($697,000) for the 1st Quarter 2012. Sierra Vista Bank has now been profitable for four consecutive quarters.
Sierra Vista Bank Board Continues to Add Community Connections and Management Strength
Marketwire - Tue Mar 05, 3:54PM CST
Sierra Vista Bank (OTCBB: SVBA) further strengthened its capacity for growth and deepened its connections to the community by adding respected local businesswoman Lori Warden and financial analyst Daniel Bandi to its board.
Sierra Vista Banks Adds More Community Expertise With Anne Schultz Eckert
Marketwire - Wed Feb 27, 2:38PM CST
Sierra Vista Bank (OTCQB: SVBA) added another accomplished banking executive with deep community connections to its team with the hiring of Anne Schultz Eckert as Senior Vice President and Commercial Banking Manager.
Sierra Vista Bank Reports Earnings in 4Q12
Marketwire - Mon Jan 28, 10:50AM CST
Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $38,000, for the fourth quarter of 2012, compared to $64,000 for fourth quarter 2011. Sierra Vista Bank has now been profitable for nine consecutive months, including the second, third and fourth quarter of 2012. The Bank showed a net loss of $485,000 for the year ending December 31, 2012 due to a large loan loss provision and a specific reserve in the first quarter. All financial results are preliminary and unaudited.
Sierra Vista Bank Reports Record 2013 Results
Marketwire - Thu Jan 30, 7:45AM CST
Sierra Vista Bank (OTCQB: SVBA) today reported net income of $4.7 million and pre-tax earnings of $671,000 for the year 2013. This makes 2013 the best performing year since the Bank opened in 2007, and compares to a loss of ($485,000) in the previous year. The Bank was able to realize a one time accounting adjustment to its deferred tax valuation allowance of approximately $4.0 million during the year. The increase in core earnings to $671,000 is reflective of significant growth, a strong net interest margin, operational efficiencies, as well as continued improvement in the Bank's loan portfolio.
Sierra Vista Bank Reports Record 3rd Quarter 2013 Results
Marketwire - Mon Oct 21, 7:01AM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported a 235% increase in 3rd quarter 2013 earnings of $228,000, or $0.06 per share compared to earnings of $68,000 or $.03 per share in the three months ending September 30, 2012.
Sierra Vista Bank Welcomes New President / Chief Executive Officer
Marketwire - Fri Aug 23, 7:30AM CDT
Sierra Vista Bank (OTCQB: SVBA) today announced the appointment of accomplished banking executive Gary D. Gall as President and Chief Executive Officer.
Sierra Vista Bank Reports Earnings in 2nd Quarter 2013
Marketwire - Wed Aug 07, 7:53PM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $170,000 for the 2nd Quarter of 2013, a 62% increase compared to earnings of $105,000 for the 2nd Quarter 2012. Sierra Vista Bank has now been profitable for five consecutive quarters. The Bank reported year to date earnings of $223,000 as of June 30, 2013, compared to a loss of ($592,000) through the first six months of 2012.
Sierra Vista Bank Announces President/CEO Resignation
Marketwire - Mon Jul 01, 11:05AM CDT
Sierra Vista Bank (OTCQB: SVBA) today announced that Gregory Patton has resigned as President and Chief Executive Officer. He has also resigned as a Director to the Board.
Sierra Vista Bank Receives New Capital
Marketwire - Thu May 16, 6:30PM CDT
Sierra Vista Bank (OTCQB: SVBA) today announced that it has received new capital funding from the Taylor International Fund, LTD which had been negotiated last December subject to regulatory approval. The total capital infusion received by the Bank from the Taylor International Fund, LTD came to just over $1.5 million. The new capital is in addition to the public offering conducted by the Bank in the third quarter of 2012, which raised more than $2.0 million. The Bank utilized Caldwell Securities, Inc. as the placement agent in this transaction.
Sierra Vista Bank Reports Earnings in 1st Quarter 2013
Marketwire - Tue May 07, 6:36PM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $52,000, for the 1st Quarter of 2013, compared to a loss of ($697,000) for the 1st Quarter 2012. Sierra Vista Bank has now been profitable for four consecutive quarters.
Sierra Vista Bank Board Continues to Add Community Connections and Management Strength
Marketwire - Tue Mar 05, 3:54PM CST
Sierra Vista Bank (OTCBB: SVBA) further strengthened its capacity for growth and deepened its connections to the community by adding respected local businesswoman Lori Warden and financial analyst Daniel Bandi to its board.
Sierra Vista Banks Adds More Community Expertise With Anne Schultz Eckert
Marketwire - Wed Feb 27, 2:38PM CST
Sierra Vista Bank (OTCQB: SVBA) added another accomplished banking executive with deep community connections to its team with the hiring of Anne Schultz Eckert as Senior Vice President and Commercial Banking Manager.
Sierra Vista Bank Reports Earnings in 4Q12
Marketwire - Mon Jan 28, 10:50AM CST
Sierra Vista Bank (OTCQB: SVBA) today reported earnings of $38,000, for the fourth quarter of 2012, compared to $64,000 for fourth quarter 2011. Sierra Vista Bank has now been profitable for nine consecutive months, including the second, third and fourth quarter of 2012. The Bank showed a net loss of $485,000 for the year ending December 31, 2012 due to a large loan loss provision and a specific reserve in the first quarter. All financial results are preliminary and unaudited.
