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Central Valley Community Bancorp

Central Valley Community Bancorp (CVCY)

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Closed November 27 4:00PM
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norweger1979 norweger1979 9 years ago
Central Valley Community Bancorp to Acquire Sierra Vista Bank

Company Release - 4/29/2016 8:50 AM ET


FRESNO, CA and SACRAMENTO, CA -- (Marketwired) -- 04/29/16 -- 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.

As more fully described in the definitive merger agreement and investor presentation attached, Sierra Vista Bank shareholders will be entitled to receive cash and shares of Central Valley Community Bancorp stock, subject to certain adjustments described in the definitive merger agreement including if options or warrants are exercised prior to close. Sierra Vista Bank shareholders may elect to receive cash, Central Valley Community Bancorp stock, or a combination of both, subject to proration. Based on the closing price of Central Valley Community Bancorp on Thursday, April 28, 2016, the transaction, including redemption of certain outstanding Sierra Vista Bank securities immediately prior to the closing, would have a value of $24.0 million, or $5.22 per Sierra Vista Bank common share. However, the deal value will fluctuate with changes in Central Valley Community Bancorp's stock price through the closing date.

The Central Valley Community Bancorp Board of Directors and the Central Valley Community Bank Executive Management team, led by James M. Ford, President and CEO, will continue to lead the combined team of professional bankers. Gary D. Gall, President, CEO and Director of Sierra Vista Bank, will join Central Valley Community Bancorp's Board of Directors upon completion of the acquisition. This merger with Sierra Vista Bank will become the fourth acquisition for Central Valley Community Bancorp, which acquired Visalia Community Bank on July 1, 2013, Service 1st Bancorp and its subsidiary Service 1st Bank on November 12, 2008, and Bank of Madera County on January 1, 2005.

As of March 31, 2016, on a pro forma consolidated basis with Sierra Vista Bank, Central Valley Community Bancorp would have had approximately $1.5 billion in total assets, with 23 branches throughout California's San Joaquin Valley.

"Sierra Vista Bank's community banking culture, leadership and dedication to supporting small businesses and the greater Sacramento region mirrors the values that Central Valley Community Bank has lived by for the past 36 years. Once completed, the merger will complete another step in our long-term strategy to increase our northern Valley presence which began 14 years ago in Sacramento County's Gold River business community," stated James M. Ford, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank.

"By combining our two great banks we believe our growth will enhance opportunities for businesses, customers, employees, the community and our Bank," concluded Ford.

"Sierra Vista Bank was founded nine years ago with the goal to bring true community banking to the Folsom area by offering a financial partnership for small businesses and to help grow the local economy. Merging with Central Valley Community Bank will allow our customers and other small businesses within the region to grow and expand with a banking partner whose values and dedication to businesses, customer service and the community so closely match our own," stated Gary Gall, President and CEO of Sierra Vista Bank.

"Central Valley Community Bank has grown profitably and sensibly over the past three decades. Their quality business reputation, character and leadership are well-known within the financial industry. More importantly, their team of banking professionals, like ours, live, work and actively serve their community by investing their time, financial expertise and business advocacy to help each region thrive," concluded Gall.

Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY and as of March 31, 2016 has reported assets of over $1.2 billion. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank operates 20 full service offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy, and Visalia, California. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Central Valley Investment Services are provided by Investment Centers of America, Inc.

Members of Central Valley Community Bancorp's and the Bank's Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Lead Independent Director), Edwin S. Darden, Jr., F. T. "Tommy" Elliott, IV, James M. Ford, Steven D. McDonald, Louis McMurray, William S. Smittcamp, and Joseph B. Weirick. Wanda L. Rogers and Sidney B. Cox are Founding Directors Emeriti. More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.

Sierra Vista Bank, headquartered in Folsom, California, reported assets of $156,117,000 as of March 31, 2016. Sierra Vista Bank, founded in 2007, operates three full service branch offices in Folsom, Cameron Park and Fair Oaks. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com.

Central Valley Community Bancorp received a fairness opinion from Keefe, Bruyette & Woods, Inc., and Downey Brand LLP served as legal advisor. Sierra Vista Bank received advisory service and a fairness opinion from Sandler O'Neill + Partners, LP, and its legal counsel was Manatt, Phelps & Phillips, LLP.

ATTACHMENTS:
•Investor Presentation - Acquisition of Sierra Vista Bank
•Central Valley Community Bancorp logo

Forward-looking Statements- Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained herein that are not historical facts, such as statements regarding the Company's current business strategy and the Company's plans for future development and operations, are based upon current expectations. These statements are forward-looking in nature and involve a number of risks and uncertainties. Such risks and uncertainties include, but are not limited to (1) significant increases in competitive pressure in the banking industry; (2) the impact of changes in interest rates, a decline in economic conditions at the international, national or local level on the Company's results of operations, the Company's ability to continue its internal growth at historical rates, the Company's ability to maintain its net interest margin, and the quality of the Company's earning assets; (3) changes in the regulatory environment; (4) fluctuations in the real estate market; (5) changes in business conditions and inflation; (6) changes in securities markets; (7) the risk that the merger might, for any reason, not occur, and (8) the other risks set forth in the Company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2015. Therefore, the information set forth in such forward-looking statements should be carefully considered when evaluating the business prospects of the Company.

Central Valley Community Bancorp will file a registration statement with the SEC, including a proxy statement/prospectus and other relevant documents concerning the proposed transaction. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. WE URGE INVESTORS TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. After it is filed with the SEC, the proxy statement/prospectus will be available for free, both on the SEC website (http://www.sec.gov) and from Central Valley Community Bancorp and Sierra Vista Bank.

PDF Attachment Available: http://media.marketwire.com/attachments/201604/96192_CVCY_SVBA-InvestorPresentation_FINALFINAL_April292016.pdf

Source: Central Valley Community Bancorp

http://ir.cvcb.com/file/Index?KeyFile=34089884
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56Chevy 56Chevy 10 years ago
Filing Type 10-Q (SEC's EDGAR System)

Company Central Valley Community Bancorp (Fresno, CA)

Event Date 9/30/2014
Filing Date 11/6/2014

http://ir.cvcb.com/doc.aspx?IID=4057567&DID=29770066

http://www.snl.com/xbrl/XBRLViewer.aspx?keyfile=26014255

Marker:
Central Valley Commu (CVCY)
$10.86 down -0.17 (-1.54%)
Volume: 12,140
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norweger1979 norweger1979 11 years ago
Press Release: Central Valley Community Bancorp Reports Earnings Results for the Nine Months and Quarter Ended September 30, 2013
17 hours 8 minutes ago - DJNF


Central Valley Community Bancorp Reports Earnings Results for the Nine Months and Quarter Ended September 30, 2013
FRESNO, CA--(Marketwired - Oct 16, 2013) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today unaudited consolidated net income of $6,039,000, and diluted earnings per common share of $0.57 for the nine months ended September 30, 2013, compared to $5,878,000 and $0.58 per diluted common share for the nine months ended September 30, 2012. Net income increased 2.74%, primarily driven by an increase in net interest income in 2013 compared to 2012, increases in non-interest income, and lower provision for credit losses offset by increases in non-interest expense. Non-performing assets decreased $1,549,000 or 15.98% to $8,146,000 at September 30, 2013, compared to $9,695,000 at December 31, 2012. The Company had $124,000 in OREO as of September 30, 2013 compared to none at December 31, 2012. During the nine months ended September 30, 2013, the Company's shareholders' equity increased $9,208,000, or 7.83%. The increase in shareholders' equity was driven by the issuance of stock as part of the Visalia Community Bank acquisition and a net increase in retained earnings, partially offset by a decrease in accumulated other comprehensive income (AOCI). The decrease in AOCI was primarily due to an increase in longer term interest rates, which resulted in a decrease in the market value of the Company's available-for-sale investment securities. The Company also declared and paid $1,502,000 in cash dividends to holders of common stock during the first nine months of 2013 ($0.15 per share).
Net interest income for the first nine months of 2013 was positively impacted by the collection in full of a non-accrual loan of $4,731,000 which resulted in a recovery of foregone interest of $1,484,000 and legal expenses of $51,000.
On July 1, 2013, the Company completed the acquisition of Visalia Community Bank (VCB). With the VCB acquisition, the Company added four new branches in Tulare County. The Company's results of operations for the nine months ended September 30, 2013 include the VCB operations from July 1, 2013. Assets and liabilities acquired included loans of $113,467,000, net of a fair value mark of $4,094,000; investment securities of $14,817,000; bank premises and equipment of $4,263,000; and deposits of $174,206,000. A core deposit intangible of $1,365,000 and goodwill of $6,199,000 were also recorded as part of the transaction. In connection with the acquisition, each share of VCB common stock was converted into the right to receive 2.971 shares of Central Valley Community Bancorp common stock and $26.00 in cash. The Company issued an aggregate of approximately 1.263 million shares of its common stock and aggregate cash of $11.050 million to VCB shareholders. Based on the closing price of the Company's common stock on June 28, 2013 of $10.08 per share, the aggregate consideration paid to VCB common shareholders was approximately $23.78 million.
During the first three quarters of 2013, the Company's total assets increased 22.64%, total liabilities increased 24.90%, and shareholders' equity increased 7.83% compared to December 31, 2012 primarily as a result of the VCB acquisition. Annualized return on average equity (ROE) for the nine months ended September 30, 2013 was 6.83%, compared to 6.91% for the nine months ended September 30, 2012. ROE decreased primarily due to an increase in average equity. Despite the decrease in AOCI at September 30, 2013 noted above, average equity for the nine months of 2013 increased to $117,812,000 compared to $113,358,000 for the same period in 2012. Annualized return on average assets (ROA) was 0.86% and 0.93% for the nine months ended September 30, 2013 and 2012, respectively. The decrease in ROA is primarily due to an increase in average assets as a result of the VCB acquisition.
During the nine months ended September 30, 2013, the Company did not record a provision for credit losses, compared to $500,000 for the nine months ended September 30, 2012. During the nine months ended September 30, 2013, the Company recorded $401,000 in net loan charge-offs, compared to $1,682,000 for the nine months ended September 30, 2012. The net charge-off ratio, which reflects net charge-offs to average loans, was 0.12% for the nine months ended September 30, 2013, compared to 0.55% for the same period in 2012. The loans charged off during the first three quarters of 2013 were previously classified and sufficient funds were held in the allowance for credit losses as of December 31, 2012.
At September 30, 2013, the allowance for credit losses (ALLL) stood at $9,732,000, compared to $10,133,000 at December 31, 2012, a net decrease of $401,000 reflecting the net charge offs. The allowance for credit losses as a percentage of total loans was 1.89% at September 30, 2013, and 2.56% at December 31, 2012. The decrease in the ALLL as a percentage of total loans is primarily due to the inclusion of $108,219,000 former VCB loans that were recorded at fair value in connection with the acquisition and therefore have no related allowance. The Company believes the allowance for credit losses is adequate to provide for probable incurred losses inherent within the loan portfolio at September 30, 2013.
Total non-performing assets were $8,146,000, or 0.75% of total assets as of September 30, 2013 compared to $9,695,000 or 1.09% of total assets as of December 31, 2012. Total non-performing assets as of September 30, 2012 were $10,190,000 or 1.15% of total assets.
The following provides a reconciliation of the change in non-accrual loans for 2013.



Transfer to Returns
Balances Additions to Foreclosed to Balances
December Non-accrual Net Pay Collateral - Accrual Charge September
(Dollars in thousands) 31, 2012 Loans Downs OREO Status Offs 30, 2013
---------- ------------- -------- ------------ --------- ------ -----------
Non-accrual loans:
Commercial and
industrial $ - $ 389 $ (12) $ - $ - $ - $ 377
Real estate 213 1,847 (89) - - - 1,971
Equity loans and lines
of credit 237 672 (15) - - - 894
Consumer - 9 (1) - - - 8
Restructured loans
(non-accruing):
Commercial and
industrial - 2,100 (131) - - (697) 1,272
Real estate 1,362 7 (55) - (920) - 394
Real estate construction
and land development 6,288 285 (5,074) - - - 1,499
Equity loans and lines
of credit 1,595 111 (103) - - - 1,603
Consumer - 5 (1) - - - 4
------ --- -------- ------ ----- ----- ---- ---- -------
Total non-accrual $ 9,695 $ 5,425 $(5,481) $ - $ (920) $(697) $ 8,022
====== === ======== ====== ===== ===== ==== ==== =======



The Company's net interest margin (fully tax equivalent basis) was 4.16% for the nine months ended September 30, 2013, compared to 4.30% for the nine months ended September 30, 2012. The decrease in net interest margin in the period-to-period comparison resulted primarily from a decrease in the yield on the Company's investment portfolio and loan portfolio, partially offset by a decrease in the Company's cost of funds. For the nine months ended September 30, 2013, the effective yield on total earning assets decreased 25 basis points to 4.32% compared to 4.57% for the nine months ended September 30, 2012, while the cost of total interest-bearing liabilities decreased 14 basis points to 0.25% compared to 0.39% for the nine months ended September 30, 2012. The cost of total deposits decreased 9 basis points to 0.16% for the nine months ended September 30, 2013, compared to 0.25% for the nine months ended September 30, 2012. For the nine months ended September 30, 2013, the amount of the Company's average investment securities, including interest-earning deposits in other banks and Federal funds sold, increased $68,278,000 or 19.25% compared to the nine months ended September 30, 2012. The effective yield on average investment securities decreased to 2.52% for the nine months ended September 30, 2013, compared to 2.88% for the nine months ended September 30, 2012. The decrease in yield in the Company's investment securities during 2013 resulted primarily from the purchase of lower yielding investment securities. Total average loans, which generally yield higher rates than investment securities, increased $26,783,000, from $409,090,000 for the nine months ended September 30, 2012 to $435,873,000 for the nine months ended September 30, 2013. The effective yield on average loans was 6.12% for the nine months ended September 30, 2013 and September 30, 2012. Net interest income before the provision for credit losses for the nine months ended September 30, 2013 was $24,259,000, compared to $22,748,000 for the nine months ended September 30, 2012, an increase of $1,511,000 or 6.64%. Net interest income increased as a result of these yield changes, recovery of $1,484,000 of foregone interest, asset mix changes explained above, and increase in average earning assets, partially offset by an increase in interest-bearing liabilities.
(MORE TO FOLLOW) Dow Jones Newswires
October 16, 2013 18:30 ET (22:30 GMT)
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56Chevy 56Chevy 11 years ago
Book value per share: $10.53

Tangible book value: $8.34

Market value 8/1/2013: $10.12


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Enterprising Investor Enterprising Investor 11 years ago
Central Valley Community Bancorp Successfully Completes Final Stages of South Valley Merger (7/31/13)

The Visalia Community Bank Name, Physical Branch Signage and All Operational Systems Have Successfully Converted to Central Valley Community Bank as of July 29, 2013

FRESNO, CA--(Marketwired - Jul 31, 2013) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), announced today that the final stages of the merger with Visalia Community Bank are now completed. The name change, physical branch signage on three Visalia offices and one in Exeter, in addition to the conversion of all operational systems have successfully converted to Central Valley Community Bank as of July 29, 2013.

The Central Valley Community Bancorp and Central Valley Community Bank directors and management team, led by Daniel J. Doyle, president and CEO, will continue to lead the combined team of professional bankers, with Tom Beene, former Visalia Community Bank, president and CEO serving as the regional executive. F. T. "Tommy" Elliott, IV, former chairman of the board of Visalia Community Bank, has joined Central Valley Community Bancorp's board of directors as of July 17, 2013, adding a strategic understanding of the recently acquired bank, knowledge of the region, agribusiness and related industries, in addition to being a successful and independent businessman.

The Visalia and Exeter branches are managed by former Visalia Community Bank employees, each with excellent knowledge of existing customers and the community. The Visalia branch management team includes: Judy Silicato, vice president, branch manager for Floral; JR Delgadillo, vice president, branch manager for Mission Oaks; Chaundra Olsen, vice president, branch manager for Caldwell, and in Exeter, Maria Alaniz, vice president, branch manager. Additionally, the former Visalia Community Bank commercial lending/relationship officer team all reside in their original South Valley offices including: Chad Bringe, vice president, commercial loan officer and Jason Vasquez, vice president, commercial loan officer at Floral; Joseph Yodsnukis, vice president, commercial loan officer at Caldwell, and in Exeter, Stefani Woods, vice president, commercial loan officer.

"We are honored to have successfully blended our two like-minded banks with an experienced team of bankers who live, work and play in the region, and who are committed to the same excellent service and community advocacy that is hallmark to our 33-year-old community bank. We look forward to providing customers with a broader array of banking services, expanded business lending capability and advocacy to help them grow and succeed," stated Daniel J. Doyle, president and CEO of Central Valley Community Bancorp and Central Valley Community Bank.

This marks the third acquisition for Central Valley Community Bancorp, which acquired Bank of Madera County on January 1, 2005 and Service 1(st) Bank on November 12, 2008. Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole banking subsidiary of Central Valley Community Bancorp. Central Valley Community Bank currently operates 21 full-service offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy and Visalia, California. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are provided by Investment Centers of America and insurance services are offered through Central Valley Community Insurance Services LLC.

Members of Central Valley Community Bancorp's and the Bank's Board of Directors include: Daniel N. Cunningham (Chairman), Sidney B. Cox, Edwin S. Darden, Jr., Daniel J. Doyle, F. T. "Tommy" Elliott, IV, Steven D. McDonald, Louis McMurray, William S. Smittcamp, Joseph B. Weirick, and Wanda L. Rogers (Director Emeritus). More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.
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Enterprising Investor Enterprising Investor 11 years ago
Central Valley Community Bancorp Reports Earnings Results for the Six Months and Quarter Ended June 30, 2013 (7/17/13)

FRESNO, CA--(Marketwired - Jul 17, 2013) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today unaudited consolidated net income of $3,070,000, and diluted earnings per common share of $0.30 for the six months ended June 30, 2013, compared to $3,422,000 and $0.34 per diluted common share for the six months ended June 30, 2012. Net income decreased 10.29%, primarily driven by a decrease in net interest income in 2013 compared to 2012 and increases in non-interest expense offset by increases in non-interest income and lower provision for credit losses. Non-performing assets increased $572,000 or 5.90% to $10,267,000 at June 30, 2013, compared to $9,695,000 at December 31, 2012. The Company had no OREO as of June 30, 2013 or December 31, 2012. During the six months ended June 30, 2013, the Company's shareholders' equity decreased $6,123,000, or 5.20%. The reduction in shareholders' equity was driven by a decrease in accumulated other comprehensive income (AOCI), partially offset by a net increase in retained earnings. The decrease in AOCI was primarily due to increase in longer term interest rates, which resulted in a decrease in the market value of the Company's available-for-sale investment securities. The Company also declared and paid $956,000 in cash dividends to holders of common stock during the first six months of 2013 ($0.10 per share).

On July 1, 2013, the Company announced the completion of the acquisition of Visalia Community Bank (VCB), a company that had, as of March 31, 2013, assets of approximately $203 million. With the VCB acquisition, the Company added four branches in Tulare County. The Company's results of operations for the six months ended June 30, 2013 and its balance sheet as of the same date do not reflect the VCB acquisition.

During the first two quarters of 2013, the Company's total assets decreased 2.12%, total liabilities decreased 1.65%, and shareholders' equity decreased 5.20% compared to December 31, 2012. Annualized return on average equity (ROE) for the six months ended June 30, 2013 was 5.27%, compared to 6.12% for the six months ended June 30, 2012. ROE decreased primarily due to a decrease in net income and an increase in average equity. Despite the decrease in AOCI at June 30, 2013 noted above, average equity for the first half of 2013 increased to $116,565,000 compared to $111,769,000 for the same period in 2012. Annualized return on average assets (ROA) was 0.70% and 0.82% for the six months ended June 30, 2013 and 2012, respectively. The decrease in ROA is primarily due to a decrease in net income.

During the six months ended June 30, 2013, the Company did not record a provision for credit losses, compared to $500,000 for the six months ended June 30, 2012. During the six months ended June 30, 2013, the Company recorded $532,000 in net loan charge-offs, compared to $1,756,000 for the six months ended June 30, 2012. The net charge-off ratio, which reflects net charge-offs to average loans, was 0.27% for the six months ended June 30, 2013, compared to 0.85% for the same period in 2012. The loans charged off during the first two quarters of 2013 were previously classified and sufficient funds were held in the allowance for credit losses as of December 31, 2012.

At June 30, 2013, the allowance for credit losses stood at $9,601,000, compared to $10,133,000 at December 31, 2012, a net decrease of $532,000. The allowance for credit losses as a percentage of total loans was 2.37% at June 30, 2013, and 2.56% at December 31, 2012. The Company believes the allowance for credit losses is adequate to provide for probable incurred losses inherent within the loan portfolio at June 30, 2013.

Total non-performing assets were $10,267,000, or 1.18% of total assets as of June 30, 2013 compared to $9,695,000 or 1.09% of total assets as of December 31, 2012. Total non-performing assets as of June 30, 2012 were $12,340,000 or 1.48% of total assets

http://www.marketwire.com/press-release/central-valley-community-bancorp-reports-earnings-results-six-months-quarter-ended-june-nasdaq-cvcy-1812207.htm
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Enterprising Investor Enterprising Investor 11 years ago
Central Valley Community Bancorp Successfully Completes Acquisition of Visalia Community Bank (7/01/13)

Merger Bolsters Assets Over $1 Billion for 33 Year-Old Community Bank

FRESNO, CA--(Marketwired - Jul 1, 2013) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California and the parent company of Central Valley Community Bank (Bank), announced today the successful completion of the previously announced acquisition of Visalia Community Bank (OTCBB: VSMU), headquartered in Visalia, California. As part of the acquisition, Visalia Community Bank (VCB) merged with and into Central Valley Community Bank.

The acquisition, which was first announced on December 19, 2012, was concluded following receipt of Visalia Community Bank shareholder approval and all required regulatory approvals. As of March 31, 2013, VCB had total assets of approximately $203 million. On a pro forma consolidated basis with VCB, the Company would have had approximately $1.1 billion in assets. The Company projects the acquisition of Visalia Community Bank to be accretive to earnings in the first year of the combined operations. The Visalia Community Bank name and physical signage change to Central Valley Community Bank, in addition to the conversion of all operational systems is planned for the weekend of July 26-28, 2013.

In connection with the merger, each share of VCB common stock was converted into the right to receive 2.971 shares of Central Valley Community Bancorp common stock and $26.00 in cash. The Company is issuing an aggregate of approximately 1.263 million shares of its common stock and aggregate cash of $11.050 million to VCB shareholders. Based on the closing price of the Company's common stock on June 28, 2013 of $10.08 per share, the aggregate consideration to be paid to VCB common shareholders is approximately $23.78 million.

The Central Valley Community Bancorp and Central Valley Community Bank directors and management team, led by Daniel J. Doyle, president and CEO, will continue to lead the combined team of professional bankers. F. T. "Tommy" Elliott, IV, former chairman of the board of directors of Visalia Community Bank, will join Central Valley Community Bancorp's board of directors beginning July 17, 2013. This merger with Visalia Community Bank represents the third acquisition for Central Valley Community Bancorp, which acquired Service 1st Bancorp and its subsidiary Service 1st Bank on November 12, 2008, and Bank of Madera County on January 1, 2005.

"We are proud of the hard work accomplished to finalize our third acquisition and we look forward to the successful blending of our two like-minded community banks, each well-known for its excellent customer service and community advocacy. The merger completes another step in our long-term strategy to increase our presence throughout California's San Joaquin Valley with the addition of three offices in Visalia and one in Exeter. This growth enhances opportunities for businesses, customer relationships, employees and the communities we serve. Our 33-year-old professional banking institution now manages a combined total of 21 full-services offices, located in 14 different Valley communities, and spans seven counties throughout the San Joaquin Valley," stated Daniel J. Doyle, president and CEO of Central Valley Community Bancorp and Central Valley Community Bank.

"The merger will also enhance the Bank's future performance with the addition of outstanding new employees whose loyal customers value the same excellent quality service standards as our Bank. Additionally, our new and existing employees will benefit by the opportunity for new employment advancement, deeper lending and agricultural banking resources to nurture local business growth," concluded Doyle.

Visalia Community Bank was established in 1977 as a full-service community bank headquartered in Visalia, California with offices in Visalia and Exeter, California. Its principal focus has been to serve the business banking needs of local businesses, professionals and individuals in Tulare County.

Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole banking subsidiary of Central Valley Community Bancorp. Central Valley Community Bank currently operates 21 full-service offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy and Visalia, California. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are provided by Investment Centers of America and insurance services are offered through Central Valley Community Insurance Services LLC.

Members of Central Valley Community Bancorp's and the Bank's Board of Directors are: Daniel N. Cunningham (Chairman), Sidney B. Cox, Edwin S. Darden, Jr., Daniel J. Doyle, Steven D. McDonald, Louis McMurray, William S. Smittcamp, Joseph B. Weirick, and Wanda L. Rogers (Director Emeritus). More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.

Central Valley Community Bancorp received a fairness opinion from Sandler O' Neill + Partners, LP, and Downey Brand LLP served as legal advisor. Visalia Community Bank received advisory service and a fairness opinion from FIG Partners, LLC, and its legal counsel was King, Holmes, Paterno & Berliner.

Forward-looking Statements - Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained herein that are not historical facts, such as statements regarding the Company's current business strategy and the Company's plans for future development and operations, are based upon current expectations. These statements are forward-looking in nature and involve a number of risks and uncertainties. Such risks and uncertainties include, but are not limited to (1) significant increases in competitive pressure in the banking industry; (2) the impact of changes in interest rates, a decline in economic conditions at the international, national or local level on the Company's results of operations, the Company's ability to continue its internal growth at historical rates, the Company's ability to maintain its net interest margin, and the quality of the Company's earning assets; (3) changes in the regulatory environment; (4) fluctuations in the real estate market; (5) changes in business conditions and inflation; (6) changes in securities markets; and (7) the other risks set forth in the Company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2012. Therefore, the information set forth in such forward-looking statements should be carefully considered when evaluating the business prospects of the Company.

http://www.marketwire.com/press-release/central-valley-community-bancorp-successfully-completes-acquisition-visalia-community-nasdaq-cvcy-1807353.htm
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Enterprising Investor Enterprising Investor 11 years ago
Central Valley Community Bancorp Receives Visalia Community Bank Shareholder Approval to Acquire Visalia Community Bank (6/19/13)

FRESNO, CA--(Marketwired - Jun 19, 2013) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), announced today that Visalia Community Bank shareholders approved the merger between Visalia Community Bank and Central Valley Community Bancorp at a special meeting held on Tuesday, June 18, 2013 in Visalia, California. The transaction, subject to customary closing conditions is expected to be completed on July 1, 2013. The bank name and physical signage change to Central Valley Community Bank, in addition to the conversion of all operational systems is planned for the weekend of July 26-28, 2013.

Under the terms of the agreement established as of December 2012, Visalia Community Bank, with now three branches in Visalia and one in Exeter, will merge with Central Valley Community Bancorp's subsidiary, Central Valley Community Bank. The agreement valued the merger at approximately $22.1 million or $52.00 per share to Visalia Community Bank shareholders. The purchase price is to be paid half in cash and half in Central Valley Community Bancorp common stock.

As of March 31, 2013, on a pro forma consolidated basis with Visalia Community Bank, Central Valley Community Bancorp would have had approximately $1.081 billion in total assets and 21 branches.

"We are pleased with the merger progress thus far and we look forward to the successful blending of our two great banks. Central Valley Community Bank is dedicated to the communities we serve by providing the highest standards of customer service and charitable giving, alongside the competitive financial products and education that meet the unique needs of our business and personal customers. We are also pleased to soon add offices in Visalia and Exeter with quality bankers whose standards of customer and community support mirror that of our successful 33-year-old bank," stated Daniel J. Doyle, President and CEO of Central Valley Community Bank and Central Valley Community Bancorp.

Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole banking subsidiary of Central Valley Community Bancorp. Central Valley Community Bank currently operates 17 full service offices in Clovis, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, and Tracy, California. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are provided by Investment Centers of America and insurance services are offered through Central Valley Community Insurance Services LLC. Members of Central Valley Community Bancorp's and the Bank's Board of Directors are: Daniel N. Cunningham (Chairman), Sidney B. Cox, Edwin S. Darden, Jr., Daniel J. Doyle, Steven D. McDonald, Louis McMurray, William S. Smittcamp, Joseph B. Weirick, and Wanda L. Rogers (Director Emeritus).

More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.

Forward-looking Statements - Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained herein that are not historical facts, such as statements regarding the Company's current business strategy and the Company's plans for future development and operations, are based upon current expectations. These statements are forward-looking in nature and involve a number of risks and uncertainties. Such risks and uncertainties include, but are not limited to (1) significant increases in competitive pressure in the banking industry; (2) the impact of changes in interest rates, a decline in economic conditions at the international, national or local level on the Company's results of operations, the Company's ability to continue its internal growth at historical rates, the Company's ability to maintain its net interest margin, and the quality of the Company's earning assets; (3) changes in the regulatory environment; (4) fluctuations in the real estate market; (5) changes in business conditions and inflation; (6) changes in securities markets; and (7) the other risks set forth in the Company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2012. Therefore, the information set forth in such forward-looking statements should be carefully considered when evaluating the business prospects of the Company.

http://www.marketwire.com/press-release/central-valley-community-bancorp-receives-visalia-community-bank-shareholder-approval-nasdaq-cvcy-1803835.htm
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Enterprising Investor Enterprising Investor 12 years ago
Central Valley Community Bancorp Receives Regulatory Approvals to Acquire Visalia Community Bank (5/20/13)

FRESNO, CA--(Marketwired - May 20, 2013) - 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 Securities and Exchange Commission, Federal Deposit Insurance Corporation, California Department of Financial Institutions and the Federal Reserve Bank authorizing Central Valley Community Bancorp to acquire Visalia Community Bank. Final closing of the acquisition is dependent upon a special Visalia Community Bank shareholder meeting scheduled for June 18, 2013, as well as certain closing conditions contained in the merger agreement. The transaction is expected to be completed after the close of business on June 30, 2013. The Visalia Community Bank name and physical signage change to Central Valley Community Bank, in addition to the conversion of all operational systems, is planned for the weekend of July 26-28, 2013. As of December 31, 2012, on a pro forma consolidated basis with Visalia Community Bank, Central Valley Community Bancorp would have had approximately $1.082 billion in total assets and 21 branches.

"We are proud of our 33-year history of solid financial performance which is demonstrated by the approval from all required regulatory agencies to complete the acquisition of Visalia Community Bank. The addition of their three offices in Visalia and one in Exeter will allow Central Valley Community Bank to increase our presence throughout California's San Joaquin Valley and will provide long-term opportunities for the businesses, customers, employees, community and our Bank in this region," stated Daniel J. Doyle, President and CEO of Central Valley Community Bank and Central Valley Community Bancorp.

Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank currently operates 17 full service offices in Clovis, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, and Tracy, California. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are provided by Investment Centers of America and insurance services are offered through Central Valley Community Insurance Services LLC. Members of Central Valley Community Bancorp's and the Bank's Board of Directors are: Daniel N. Cunningham (Chairman), Sidney B. Cox, Edwin S. Darden, Jr., Daniel J. Doyle, Steven D. McDonald, Louis McMurray, William S. Smittcamp, Joseph B. Weirick, and Wanda L. Rogers (Director Emeritus).

More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.

http://www.marketwire.com/press-release/central-valley-community-bancorp-receives-regulatory-approvals-acquire-visalia-community-nasdaq-cvcy-1792828.htm
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Enterprising Investor Enterprising Investor 12 years ago
Book Value per share: $11.53

Tangible Book Value per share: $9.01
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Enterprising Investor Enterprising Investor 12 years ago
Central Valley Community Bancorp Reports Earnings Results for the Quarter Ended March 31, 2013 (4/17/13)

FRESNO, CA--(Marketwired - Apr 17, 2013) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today unaudited consolidated net income of $1,793,000, and diluted earnings per common share of $0.18 for the three months ended March 31, 2013, compared to $1,713,000 and $0.17 per diluted common share for the three months ended March 31, 2012. Net income increased 4.67%, primarily driven by increases in non-interest income and lower provision for credit losses, partially offset by a slight increase in non-interest expense and a decrease in net interest income in 2013 compared to 2012. Non-performing assets increased $1,320,000 or 13.62% to $11,015,000 at March 31, 2013, compared to $9,695,000 at December 31, 2012. The Company had no OREO as of March 31, 2013 or December 31, 2012. During the first quarter of 2013, the Company's shareholders' equity decreased $440,000, or 0.37%. The reduction in shareholders' equity was driven by a decrease in other comprehensive income, partially offset by a net increase in retained earnings. The Company also declared and paid $478,000 in cash dividends to holders of common stock during the first quarter of 2013 ($0.05 per share).

During the first quarter of 2013, the Company's total assets decreased 0.43%, total liabilities decreased 0.44%, and shareholders' equity decreased 0.37% compared to December 31, 2012. Return on average equity (ROE) for the three months ended March 31, 2013 was 6.11%, compared to 6.19% for the three months ended March 31, 2012. ROE decreased, notwithstanding an increase in net income, due to an increase in capital resulting from an increase in retained earnings, offset by a decrease in other comprehensive income. Return on average assets (ROA) was 0.82% for both quarters ended March 31, 2013 and 2012.

During the three months ended March 31, 2013, the Company did not record a provision for credit losses, compared to $400,000 for the three months ended March 31, 2012. During the three months ended March 31, 2013, the Company recorded $644,000 in net loan charge-offs, compared to $1,511,000 for the three months ended March 31, 2012. The net charge-off ratio, which reflects net charge-offs to average loans, was 0.66% for the three months ended March 31, 2013, compared to 1.46% for the same period in 2012. The loans charged off in first quarter 2013 were previously identified and adequately reserved for as of December 31, 2012.

At March 31, 2013, the allowance for credit losses stood at $9,489,000, compared to $10,133,000 at December 31, 2012, a net decrease of $644,000. The allowance for credit losses as a percentage of total loans was 2.43% at March 31, 2013, and 2.56% at December 31, 2012. The Company believes the allowance for credit losses is adequate to provide for probable incurred losses inherent within the loan portfolio at March 31, 2013.

Total non-performing assets were $11,015,000, or 1.24% of total assets as of March 31, 2013 compared to $9,695,000 or 1.09% of total assets as of December 31, 2012. Total non-performing assets as of March 31, 2012 were $12,395,000 or 1.48% of total assets.

http://online.wsj.com/article/PR-CO-20130417-912534.html?mod=googlenews_wsj&cb=logged0.18585218745622534
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56Chevy 56Chevy 12 years ago
Marker - $8.63 pps as of 2/12/2013

*Central Valley Community Bancorp has been activey acquiring other banks and is now a $1B asset bank which makes it a good candidate to be acquired as well. good bank.


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Enterprising Investor Enterprising Investor 12 years ago
CVCY Reports Earnings Results for the Year Ended December 31, 2012 (1/31/13)

FRESNO, CA--(Marketwire - Jan 31, 2013) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today unaudited consolidated net income of $7,520,000, and diluted earnings per common share of $0.75 for the year ended December 31, 2012, compared to $6,477,000 and $0.63 per diluted common share for the year ended December 31, 2011. Net income increased 16.10%, primarily driven by increases in non-interest income, a decrease in non-interest expense and lower provision for credit losses, partially offset by a decrease in net interest income in 2012 compared to 2011. Non-performing assets decreased $4,739,000 or 32.83% to $9,695,000 at December 31, 2012, compared to $14,434,000 at December 31, 2011. The Company had no OREO as of December 31, 2012 or December 31, 2011. During 2012, the Company's shareholders' equity increased $10,183,000, or 9.47%. The growth in shareholders' equity was driven by net income during the period, an increase in other comprehensive income, and the issuance of common stock from the exercise of stock options. Unaudited consolidated net income for the year was the highest in the Company's 32 years of operation.

During the year ended 2012, the Company's total assets increased 4.85%, total liabilities increased 4.18%, and shareholders' equity increased 9.47% compared to December 31, 2011. Return on average equity (ROE) for the year ended December 31, 2012 was 6.56%, compared to 6.26% for the year ended December 31, 2011. The increase in ROE reflects an increase in net income, notwithstanding an increase in capital from an increase in other comprehensive income and an increase in retained earnings. Return on average assets (ROA) was 0.88% and 0.81% for the years ended December 31, 2012 and 2011, respectively. The increase in ROA is due to an increase in net income, notwithstanding an increase in average assets.

During the year ended December 31, 2012, the Company recorded a provision for credit losses of $700,000, compared to $1,050,000 for the year ended December 31, 2011. During the year ended December 31, 2012, the Company recorded $1,963,000 in net loan charge-offs, compared to $668,000 for the year ended December 31, 2011. The net charge-off ratio, which reflects net charge-offs to average loans, was 0.48% for the year ended December 31, 2012, compared to 0.16% for the same period in 2011. The charged off loans were previously identified and adequately reserved for as of December 31, 2011. The Company also recorded OREO related expenses of $78,000 during 2012 compared to $15,000 for the year ended December 31, 2011.

At December 31, 2012, the allowance for credit losses stood at $10,133,000, compared to $11,396,000 at December 31, 2011, a net decrease of $1,263,000. The allowance for credit losses as a percentage of total loans was 2.56% at December 31, 2012, and 2.67% at December 31, 2011. The Company believes the allowance for credit losses is adequate to provide for probable incurred losses inherent within the loan portfolio at December 31, 2012.

Total non-performing assets were $9,695,000, or 1.09% of total assets as of December 31, 2012 compared to $14,434,000 or 1.70% of total assets as of December 31, 2011. Total non-performing assets as of September 30, 2012 were $10,190,000 or 1.15% of total assets.

http://www.marketwire.com/press-release/central-valley-community-bancorp-reports-earnings-results-year-ended-december-31-2012-nasdaq-cvcy-1752049.htm
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56Chevy 56Chevy 12 years ago
Central Valley Community Bancorp Declares Quarterly Cash Dividend

Date : 01/18/2013 @ 4:28PM
Source : MarketWire
Stock : Central Valley Community Bancorp (MM) (CVCY)
Quote : $8.61 -0.29 (-3.26%) @ 4:03PM

The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), has declared a regular quarterly cash dividend of $0.05 per share on the Company's common stock. The dividend is payable on February 28, 2013 to shareholders of record as of February 15, 2013.

Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank currently operates 17 full-service offices in Clovis, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, and Tracy, California. In December 2012, Central Valley Community Bancorp entered into a definitive merger agreement to acquire Visalia Community Bank with four offices in Visalia and one in Exeter, which is expected to be completed during 2013. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are provided by Investment Centers of America and insurance services are offered through Central Valley Community Insurance Services LLC.

[....]

http://ih.advfn.com/p.php?pid=nmona&article=55912465



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56Chevy 56Chevy 12 years ago
Book Value Per Share (mrq): $11.50 1/14/2013
PPS on this date - $8.80

http://finance.yahoo.com/q/ks?s=CVCY+Key+Statistics







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56Chevy 56Chevy 12 years ago
Add in Visalia Community Banks' assets of $200,373,000..and this will put CVCY's assets at $1.87 Billion. Oopps...correction - this will put CVCY's assets at $1.087 Billion.


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56Chevy 56Chevy 12 years ago
Pre-acquisition of Visalia Community Bank - Central Valley Community Bancorp's assets totaled $886,891,000 Add in Visalia Community Banks' assets of $200,373,000..and this will put CVCY's assets at $1.87 Billion.

Visalia Community Bank did not borrow TARP money.



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56Chevy 56Chevy 12 years ago
Pre-acquisition of Visalia Community Bank - Central Valley Community Bancorp's assets totaled $886,891,000

http://banktracker.investigativereportingworkshop.org/banks/california/fresno/central-valley-community-bank/

Total TARP funds owed: $0

$7,000,000 on Jan. 30, 2009
$-7,000,000 on Aug. 11, 2011

Total troubled assets are also very low (Sept. 2012 $10,190,000) for a bank this size. Good sign.

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56Chevy 56Chevy 12 years ago
Central Valley Community Bancorp to Acquire Visalia Community Bank

Date : 12/20/2012 @ 8:30AM
Source : MarketWire
Stock : Central Valley Community Bancorp (MM) (CVCY)
Quote : $7.84 0.06 (0.77%) @ 4:45PM

Central Valley Community Bancorp (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California, and Visalia Community Bank (OTCBB: VSMU), headquartered in Visalia, California, jointly announced today that a definitive merger agreement has been signed by both parties. Under the terms of the agreement, Visalia Community Bank, with four branches in Visalia and one branch in Exeter, will merge with Central Valley Community Bancorp's subsidiary, Central Valley Community Bank. The transaction is subject to customary closing conditions, including regulatory approvals and approval by Visalia Community Bank's shareholders. The Central Valley Community Bancorp and Visalia Community Bank boards of directors have unanimously approved the transaction, which is expected to close in the second quarter of 2013.

The transaction is initially valued at approximately $22.1 million or $52.00 per share to Visalia Community Bank shareholders. The purchase price is to be paid half in cash and half in Central Valley Community Bancorp common stock. Based on a value of $8.75 per share of Central Valley Community Bancorp common stock, using the 30-day volume weighted average trading price at the time when the principal terms of the agreement were being established, in the aggregate approximately 1.263 million shares of Central Valley Community Bancorp common stock would be issued and $11,050,000 would be paid in cash. As a result, Visalia Community Bank shareholders would be entitled to receive approximately $26.00 and 2.97 shares of Central Valley Community Bancorp common stock per share. The total purchase price is subject to adjustments and closing conditions, including potential adjustments if the volume weighted average trading price of Central Valley Community Bancorp common shares rises or falls beyond certain levels prior to closing.

The Central Valley Community Bancorp and Central Valley Community Bank directors and management team, led by Daniel J. Doyle, president and CEO, will continue to lead the combined team of professional bankers. F. T. "Tommy" Elliott IV, chairman of the board of directors of Visalia Community Bank, will join Central Valley Community Bancorp's board of directors upon completion of the acquisition. This merger with Visalia Community Bank will become the third acquisition for Central Valley Community Bancorp, which acquired Service 1st Bancorp and its subsidiary Service 1st Bank on November 12, 2008, and Bank of Madera County on January 1, 2005.

As of September 30, 2012, on a pro forma consolidated basis with Visalia Community Bank, Central Valley Community Bancorp would have had approximately $1.078 billion in total assets, with 23 branches throughout California's San Joaquin Valley

[....]

http://ih.advfn.com/p.php?pid=nmona&article=55548091

*Merger is the name of the game.

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Penny Roger$ Penny Roger$ 13 years ago
~ Wednesday! $CVCY ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $CVCY ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=CVCY&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=CVCY&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=CVCY
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CVCY#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CVCY+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CVCY
Finviz: http://finviz.com/quote.ashx?t=CVCY
~ BusyStock: http://busystock.com/i.php?s=CVCY&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CVCY >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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Penny Roger$ Penny Roger$ 13 years ago
~ $CVCY ~Multi chart fix and On the house shots of DD!! Version 3.2.3







~ Barchart: http://barchart.com/quotes/stocks/CVCY?
~ OTC Markets: http://www.otcmarkets.com/stock/CVCY/company-info
~ Google Finance: http://www.google.com/finance?q=CVCY
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CVCY#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CVCY+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CVCY
Finviz: http://finviz.com/quote.ashx?t=CVCY
~ BusyStock: http://busystock.com/i.php?s=CVCY&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=CVCY&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=CVCY
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CVCY
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=CVCY
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=23368&srchyr=2011&SearchStr=CVCY
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CVCY
~ MarketWatch: http://www.marketwatch.com/investing/stock/CVCY/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=CVCY
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY&size=l&frequency=60&color=g

DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=CVCY
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=CVCY
Check those searches for recent CVCY mentions. If CVCY is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cCVCYnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS


Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=CVCY&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11



Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CVCY&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15



























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* If a symbol changes or adds a D, etc. Message me for an updated version.
Twitter: @MACDgyver ---> CVCY <---


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Penny Roger$ Penny Roger$ 13 years ago
~ $CVCY ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $CVCY ~ Earnings expected on Wednesday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=CVCY&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=CVCY&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/CVCY?
~ OTC Markets: http://www.otcmarkets.com/stock/CVCY/company-info
~ Google Finance: http://www.google.com/finance?q=CVCY
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CVCY#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CVCY+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CVCY
Finviz: http://finviz.com/quote.ashx?t=CVCY
~ BusyStock: http://busystock.com/i.php?s=CVCY&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=CVCY&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=CVCY
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CVCY
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=CVCY
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=CVCY
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CVCY
~ MarketWatch: http://www.marketwatch.com/investing/stock/CVCY/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=CVCY
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CVCY&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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