Sierra Vista Bank CA (SVBA) 5.7000 $SVBA
Central Valley Community Bancorp Receives Regulatory Approvals to Acquire Sierra Vista Bank
Marketwire Canada - Wed Jul 27, 3:00PM CDT
FRESNO, CA--(Marketwired - Jul 27, 2016) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), announced today that required regulatory approval has been received by the Federal Deposit Insurance Corporation and California Department of Business Oversight authorizing Central Valley Community Bancorp to acquire Sierra Vista Bank. Final closing of the acquisition is dependent upon a special Sierra Vista Bank shareholder meeting scheduled for August 30, 2016, as well as certain closing conditions contained in the merger agreement.
CVCY: 15.42 (+0.10)
Central Valley Community Bancorp to Acquire Sierra Vista Bank
Marketwired - Fri Apr 29, 7:50AM CDT
Central Valley Community Bancorp (Company, together with its wholly owned subsidiary, Central Valley Community Bank (Bank)) (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California, and Sierra Vista Bank (OTCBB: SVBA), headquartered in Folsom, California, jointly announced today that a definitive merger agreement has been signed by both parties. Under the terms of the agreement, Sierra Vista Bank, with three full service branches located in Folsom and Fair Oaks (Sacramento County), and Cameron Park (El Dorado County), will merge with Central Valley Community Bank. The transaction is subject to customary closing conditions, including regulatory approvals and Sierra Vista Bank shareholder approval. The Central Valley Community Bancorp and Sierra Vista Bank Boards of Directors have approved the transaction, which is expected to close in the fourth quarter of 2016.
CVCY: 15.42 (+0.10)
Sierra Vista Bank Reports 1st Quarter 2016 Financial Results
Marketwired - Tue Apr 19, 1:49PM CDT
Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 1st Quarter of 2016 totaled $216,000 compared to $194,000 for the same quarter a year ago, an increase of 11.3%. Net income for the 1st Quarter of 2016 totaled $119,000, compared to net income of $113,000 for the same period a year ago, an increase of 5.3%.
Sierra Vista Bank Reports 4th Quarter 2015 Financial Results
Marketwired - Tue Jan 19, 7:00AM CST
Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 4th Quarter of 2015 totaled $533,000 compared to $148,000 for the same quarter a year ago, an increase of 260%. Year to date Pre-tax income for 2015 totaled $1,249,000 compared to $844,000 for the year 2014, an increase of 48.0%. Sierra Vista opened its third branch in Fair Oaks at the end of June 2014, and the Bank has realized the benefits related to the successful growth in deposits and loans at the Fair Oaks location in 2015. After just eighteen months of operations, the Fair Oaks office has reached $31.6 million in deposits.
Sierra Vista Bank Reports 3rd Quarter 2015 Financial Results
Marketwired - Tue Oct 20, 6:56PM CDT
Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 3rd Quarter of 2015 totaled $296,000 compared to $166,000 for the same quarter a year ago, an increase of 78.3%. Year to date Pre-tax income for 2015 totaled $716,000 compared to $696,000 for the first nine months of 2014. The Bank opened its third branch in Fair Oaks at the end of June 2014, which initially had a negative impact on earnings. The Bank has been able to realize the benefits related to the successful growth in deposits and loans at the Fair Oaks location in 2015. After just fifteen months of operations, the Fair Oaks office has reached $25.4 million in deposits.
Sierra Vista Bank Reports 1st Quarter 2015 Financial Results -- Deposits Surge
Marketwired - Thu Apr 30, 5:08PM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported net income for the 1st Quarter of $113,000, compared to net income of $176,000 for the same period last year. Earnings for the 1st Quarter 2015 were impacted by the opening of the Bank's 3rd branch in June 2014 as well as the current interest rate environment.
Sierra Vista Bank Reports Record 2014 Results
Marketwired - Mon Feb 02, 7:00PM CST
Sierra Vista Bank (OTCBB: SVBA) today reported pre-tax earnings of $844,000 for the year 2014, a 25.8% increase over 2013 pre-tax income of $671,000. Pre-tax earnings for the 4th Quarter 2014 of $148,000 were impacted by the opening of the Bank's 3rd branch in June 2014 and were $72,000 or 32.7% lower than 4th Quarter 2013 pre-tax earnings totaling $220,000. The Bank reported year to date net income of $475,000 as of December 31, 2014, and net income of $87,000 for the 4th Quarter of 2014.
Sierra Vista Bank Appoints Robert T. Perry-Smith as Chairman
Marketwired - Mon Jan 05, 4:00PM CST
Sierra Vista Bank (OTCQB: SVBA) (the "Bank"
announced today that Robert T. Perry-Smith has been appointed to its Board of Directors and will serve as its Chairman. The Bank's preceding Chairman, Brady Whitlow, will remain on the Board as Vice Chairman. "We are very pleased to add someone with Bob's experience and expertise to our team," stated Whitlow.
Sierra Vista Bank Reports Earnings Growth of 54% Through 9 Months of 2014
Marketwired - Mon Nov 03, 7:01PM CST
Sierra Vista Bank (OTCQB: SVBA) today reported pre-tax earnings of $696,000 for the nine month period ending September 30, 2014, a 54.3% increase over the same nine month period in 2013 of $451,000. Pre-tax earnings for the 3rd Quarter 2014 totaling $166,000 were impacted by the opening of the Bank's 3rd branch in June 2014. The 3rd Quarter 2014 earnings were $12,000 or 6.7% lower than 3rd Quarter 2013 adjusted pre-tax earnings totaling $178,000 (adjusted for a one time $50,000 gain). The Bank reported year to date net income of $388,000 as of September 30, 2014, and net income of $90,000 for the 3rd Quarter of 2014.
Central Valley Community Bancorp Receives Regulatory Approvals to Acquire Sierra Vista Bank
Marketwire Canada - Wed Jul 27, 3:00PM CDT
FRESNO, CA--(Marketwired - Jul 27, 2016) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), announced today that required regulatory approval has been received by the Federal Deposit Insurance Corporation and California Department of Business Oversight authorizing Central Valley Community Bancorp to acquire Sierra Vista Bank. Final closing of the acquisition is dependent upon a special Sierra Vista Bank shareholder meeting scheduled for August 30, 2016, as well as certain closing conditions contained in the merger agreement.
CVCY: 15.42 (+0.10)
Central Valley Community Bancorp to Acquire Sierra Vista Bank
Marketwired - Fri Apr 29, 7:50AM CDT
Central Valley Community Bancorp (Company, together with its wholly owned subsidiary, Central Valley Community Bank (Bank)) (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California, and Sierra Vista Bank (OTCBB: SVBA), headquartered in Folsom, California, jointly announced today that a definitive merger agreement has been signed by both parties. Under the terms of the agreement, Sierra Vista Bank, with three full service branches located in Folsom and Fair Oaks (Sacramento County), and Cameron Park (El Dorado County), will merge with Central Valley Community Bank. The transaction is subject to customary closing conditions, including regulatory approvals and Sierra Vista Bank shareholder approval. The Central Valley Community Bancorp and Sierra Vista Bank Boards of Directors have approved the transaction, which is expected to close in the fourth quarter of 2016.
CVCY: 15.42 (+0.10)
Sierra Vista Bank Reports 1st Quarter 2016 Financial Results
Marketwired - Tue Apr 19, 1:49PM CDT
Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 1st Quarter of 2016 totaled $216,000 compared to $194,000 for the same quarter a year ago, an increase of 11.3%. Net income for the 1st Quarter of 2016 totaled $119,000, compared to net income of $113,000 for the same period a year ago, an increase of 5.3%.
Sierra Vista Bank Reports 4th Quarter 2015 Financial Results
Marketwired - Tue Jan 19, 7:00AM CST
Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 4th Quarter of 2015 totaled $533,000 compared to $148,000 for the same quarter a year ago, an increase of 260%. Year to date Pre-tax income for 2015 totaled $1,249,000 compared to $844,000 for the year 2014, an increase of 48.0%. Sierra Vista opened its third branch in Fair Oaks at the end of June 2014, and the Bank has realized the benefits related to the successful growth in deposits and loans at the Fair Oaks location in 2015. After just eighteen months of operations, the Fair Oaks office has reached $31.6 million in deposits.
Sierra Vista Bank Reports 3rd Quarter 2015 Financial Results
Marketwired - Tue Oct 20, 6:56PM CDT
Sierra Vista Bank (OTCBB: SVBA) today reported Pre-tax profits for the 3rd Quarter of 2015 totaled $296,000 compared to $166,000 for the same quarter a year ago, an increase of 78.3%. Year to date Pre-tax income for 2015 totaled $716,000 compared to $696,000 for the first nine months of 2014. The Bank opened its third branch in Fair Oaks at the end of June 2014, which initially had a negative impact on earnings. The Bank has been able to realize the benefits related to the successful growth in deposits and loans at the Fair Oaks location in 2015. After just fifteen months of operations, the Fair Oaks office has reached $25.4 million in deposits.
Sierra Vista Bank Reports 1st Quarter 2015 Financial Results -- Deposits Surge
Marketwired - Thu Apr 30, 5:08PM CDT
Sierra Vista Bank (OTCQB: SVBA) today reported net income for the 1st Quarter of $113,000, compared to net income of $176,000 for the same period last year. Earnings for the 1st Quarter 2015 were impacted by the opening of the Bank's 3rd branch in June 2014 as well as the current interest rate environment.
Sierra Vista Bank Reports Record 2014 Results
Marketwired - Mon Feb 02, 7:00PM CST
Sierra Vista Bank (OTCBB: SVBA) today reported pre-tax earnings of $844,000 for the year 2014, a 25.8% increase over 2013 pre-tax income of $671,000. Pre-tax earnings for the 4th Quarter 2014 of $148,000 were impacted by the opening of the Bank's 3rd branch in June 2014 and were $72,000 or 32.7% lower than 4th Quarter 2013 pre-tax earnings totaling $220,000. The Bank reported year to date net income of $475,000 as of December 31, 2014, and net income of $87,000 for the 4th Quarter of 2014.
Sierra Vista Bank Appoints Robert T. Perry-Smith as Chairman
Marketwired - Mon Jan 05, 4:00PM CST
Sierra Vista Bank (OTCQB: SVBA) (the "Bank"
announced today that Robert T. Perry-Smith has been appointed to its Board of Directors and will serve as its Chairman. The Bank's preceding Chairman, Brady Whitlow, will remain on the Board as Vice Chairman. "We are very pleased to add someone with Bob's experience and expertise to our team," stated Whitlow. Sierra Vista Bank Reports Earnings Growth of 54% Through 9 Months of 2014
Marketwired - Mon Nov 03, 7:01PM CST
Sierra Vista Bank (OTCQB: SVBA) today reported pre-tax earnings of $696,000 for the nine month period ending September 30, 2014, a 54.3% increase over the same nine month period in 2013 of $451,000. Pre-tax earnings for the 3rd Quarter 2014 totaling $166,000 were impacted by the opening of the Bank's 3rd branch in June 2014. The 3rd Quarter 2014 earnings were $12,000 or 6.7% lower than 3rd Quarter 2013 adjusted pre-tax earnings totaling $178,000 (adjusted for a one time $50,000 gain). The Bank reported year to date net income of $388,000 as of September 30, 2014, and net income of $90,000 for the 3rd Quarter of 2014.
