Community Valley Bank Ranked 41st of the Top 200 Healthiest Banks in America
BusinessWire - Thu May 12, 12:13PM CDT
Community Valley Bank (CVB), the Imperial Valley's only locally owned and locally headquartered bank, has been recognized as one of the top 200 Healthiest Banks in America, and sits 41st on the list.
CMUV Bancorp Announces 1st Quarter Financial Results & Schedules Annual Shareholder Meeting
BusinessWire - Fri Apr 22, 3:36PM CDT
CMUV Bancorp (holding company) is pleased to announce 1st Quarter results for Community Valley Bank. Pre-tax earnings were $533,188, exceeding the $484,000 in pre-tax earnings at the end of the 1st Quarter 2015. Total assets as of 03/31/16 reached $141.6 million compared to $128.8 million at 03/31/15, a 10% increase. Net loans ended the quarter at $106.7 million, an increase of over 24% from the $85.7 million at 03/31/15. Strong loan growth has continued year over year and additional increases in volume is expected as we go further in 2016.
CMUV Bancorp Announces Community Valley Bank's 2015 Financial Results
BusinessWire - Fri Jan 29, 5:29PM CST
CMUV Bancorp, the holding company for Community Valley Bank is pleased to announce record pre-tax earnings of $1,648,000 for the year ending 12/31/2015. This represents a 350% increase over 2014 pre-tax earnings. A very strong Fourth Quarter helped fuel new highs in interest income, loans, and deposits.
Community Valley Bank Celebrates Record Growth and Seeks to Form Bank Holding Company
BusinessWire - Fri Oct 23, 2:24PM CDT
Community Valley Bank (CVB) celebrates its 8th year anniversary with record numbers in assets, loans and deposits. CVB has seen significant growth in all facets of bank operations. Total assets at the quarter ending 09/30/15 were $135 million, a 17% increase year over year from 09/30/14. Total net loans grew to $96 million, a 15% increase year over year, and total deposits grew by 25% year over year, ending the 3rd quarter at $115 million. Non-accrual loans dropped from 4.97% at 09/30/14 to 1.0% in 3rd quarter 2015. CVB reported an after tax profit of $.05 per share for the 3rd quarter and is forecasting continual strong growth in the remaining quarter of 2015.
Community Valley Bank is Pleased to Announce its 19th Consecutive Quarter of Profitability
BusinessWire - Fri Jul 24, 12:11PM CDT
CVB would like to thank those shareholders that had the opportunity to attend our Annual Meeting on 07/07/15. We are pleased to announce that the Board of Directors were re-elected by the shareholders voting either in person or by proxy, with well over 97% of the vote. Additionally, CVB can announce that it has received both shareholder and regulatory approval to repay the remaining Small Business Fund preferred stock in the amount of $1.8mm. This will eliminate all preferred stock at CVB.
Community Valley Bank Celebrates 7th Year Anniversary With Its 16th Consecutive Quarter of Profitability
BusinessWire - Sat Nov 08, 11:50AM CST
Community Valley Bank is pleased to announce its 16th consecutive quarter of profitability. For the quarter ending September 30th, CVB reported $220,000 in net profit. Operational profit year to date is $734,000. Including a $300,000 valuation allowance credit to taxes, year to date total net profit is $1,034,000.