Pacific Valley Bank [Salinas] (PVBK) 8.4000 $PVBK
Pacific Valley Bank to Restate Financial Statements
eTeligis - Fri Apr 25, 9:01AM CDT
Pacific Valley Bank (OTCQB
VBK) today announced that the Audit Committee of the Board of Directors of Pacific Valley Bank, after consultation with management, determined that the company's financial statements for the fiscal year ended December 31, 2013 and the three month period ended March 31, 2014, can no longer be relied upon as being in compliance with generally accepted accounting principles.Accordingly, the company will restate such financial statements.
Pacific Valley Bank Announces Fourth Quarter 2013 Financial Results
Marketwire - Mon Feb 03, 12:15PM CST
Pacific Valley Bank (OTCQB: PVBK) announced its unaudited fourth quarter 2013 net income of $4,059,000, or $1.13 basic earnings per share, as compared to the same quarter last year when we reported net income of $484,000, or $0.13 basic earnings per share. Our net income for the full year 2013 was $5,555,000, or $1.54 basic earnings per share, as compared to the full year 2012 for which we reported net income of $1,906,000, or $0.53 basic earnings per share. The fourth quarter of 2013 included a net tax benefit of $3,830,000 driven principally by the full reversal of the valuation allowance recorded against the Bank's deferred tax assets.
Pacific Valley Bank Announces Second Quarter 2013 Financial Results
Marketwire - Fri Jul 26, 6:00PM CDT
Pacific Valley Bank (OTCQB: PVBK) announced its unaudited second quarter 2013 net income of $480,000, or $0.13 basic earnings per share, as compared to the same quarter last year when we reported net income of $435,000, or $0.12 basic earnings per share. Our net income for the first half of 2013 was $1,085,000, or $0.30 basic earnings per share, as compared to the first half of 2012 for which we reported net income of $745,000, or $0.21 basic earnings per share. As previously announced, in recognition of our solid earnings over the past few years, we distributed a 10% stock dividend to our shareholders on May 31, 2013. Consequently, per share amounts for all periods presented have been retroactively adjusted for the effect of the dividend.
Pacific Valley Bank Announces First Quarter 2013 Financial Results and 10% Stock Dividend
PR Newswire - Wed May 01, 5:00AM CDT
Pacific Valley Bank (OTCQB : PVBK) announces its first quarter 2013 earnings and a 10% stock dividend. The first quarter 2013 net income was $605,000 or $0.19 basic earnings per share as compared to the same quarter last year when we reported a net income of $310,000 or $0.09 basic earnings per share. The 10% stock dividend will result in one share of common stock paid for every ten shares of common stock owned on May 17, 2013 the record date. Any fractional shares will be rounded up or down and the stock dividend will be paid on May 31, 2013.
Pacific Valley Bank Names Robert C. Navarrete as Chief Credit Officer
PR Newswire - Wed Jan 23, 7:00PM CST
Pacific Valley Bank (Pinksheets: PVBK) is pleased to announce the appointment of Robert C. Navarrete as Executive Vice President and Chief Credit Officer ("CCO"
. Mr. Navarrete's career with top tier banking institutions in the Bay Area spans nearly thirty years and encompasses all aspects of credit administration including loan structuring, portfolio management, and business development. He was most recently Chief Credit Officer for Trans Pacific National Bank in San Francisco and prior to that, Chief Credit Officer with Global Trust Bank in Mountain View.
Pacific Valley Bank to Restate Financial Statements
eTeligis - Fri Apr 25, 9:01AM CDT
Pacific Valley Bank (OTCQB
VBK) today announced that the Audit Committee of the Board of Directors of Pacific Valley Bank, after consultation with management, determined that the company's financial statements for the fiscal year ended December 31, 2013 and the three month period ended March 31, 2014, can no longer be relied upon as being in compliance with generally accepted accounting principles.Accordingly, the company will restate such financial statements. Pacific Valley Bank Announces Fourth Quarter 2013 Financial Results
Marketwire - Mon Feb 03, 12:15PM CST
Pacific Valley Bank (OTCQB: PVBK) announced its unaudited fourth quarter 2013 net income of $4,059,000, or $1.13 basic earnings per share, as compared to the same quarter last year when we reported net income of $484,000, or $0.13 basic earnings per share. Our net income for the full year 2013 was $5,555,000, or $1.54 basic earnings per share, as compared to the full year 2012 for which we reported net income of $1,906,000, or $0.53 basic earnings per share. The fourth quarter of 2013 included a net tax benefit of $3,830,000 driven principally by the full reversal of the valuation allowance recorded against the Bank's deferred tax assets.
Pacific Valley Bank Announces Second Quarter 2013 Financial Results
Marketwire - Fri Jul 26, 6:00PM CDT
Pacific Valley Bank (OTCQB: PVBK) announced its unaudited second quarter 2013 net income of $480,000, or $0.13 basic earnings per share, as compared to the same quarter last year when we reported net income of $435,000, or $0.12 basic earnings per share. Our net income for the first half of 2013 was $1,085,000, or $0.30 basic earnings per share, as compared to the first half of 2012 for which we reported net income of $745,000, or $0.21 basic earnings per share. As previously announced, in recognition of our solid earnings over the past few years, we distributed a 10% stock dividend to our shareholders on May 31, 2013. Consequently, per share amounts for all periods presented have been retroactively adjusted for the effect of the dividend.
Pacific Valley Bank Announces First Quarter 2013 Financial Results and 10% Stock Dividend
PR Newswire - Wed May 01, 5:00AM CDT
Pacific Valley Bank (OTCQB : PVBK) announces its first quarter 2013 earnings and a 10% stock dividend. The first quarter 2013 net income was $605,000 or $0.19 basic earnings per share as compared to the same quarter last year when we reported a net income of $310,000 or $0.09 basic earnings per share. The 10% stock dividend will result in one share of common stock paid for every ten shares of common stock owned on May 17, 2013 the record date. Any fractional shares will be rounded up or down and the stock dividend will be paid on May 31, 2013.
Pacific Valley Bank Names Robert C. Navarrete as Chief Credit Officer
PR Newswire - Wed Jan 23, 7:00PM CST
Pacific Valley Bank (Pinksheets: PVBK) is pleased to announce the appointment of Robert C. Navarrete as Executive Vice President and Chief Credit Officer ("CCO"
. Mr. Navarrete's career with top tier banking institutions in the Bay Area spans nearly thirty years and encompasses all aspects of credit administration including loan structuring, portfolio management, and business development. He was most recently Chief Credit Officer for Trans Pacific National Bank in San Francisco and prior to that, Chief Credit Officer with Global Trust Bank in Mountain View. 
