Pacific Valley Bank Announces Additions to Senior Management
March 03 2009 - 12:45PM
Marketwired
Pacific Valley Bank (OTCBB: PVBK)
Rodney Braga, Chairman of the Board of Directors, today
announced additions to the management team at Pacific Valley Bank.
"We are delighted to be able to announce that David B. Warner has
been appointed CEO and a member of the Board of Directors,
effective March 1, 2009, and that Tom Van der Ploeg has joined us
as Executive Vice President and Chief Credit Officer, effective
February 15, 2009. In conjunction with these additions, we are
equally pleased to confirm that Ben Tinkey, one of the founders of
the Bank and member of the original management team, will continue
to serve as President."
"We believe that Pacific Valley Bank now has one of the
strongest management teams among the banks headquartered on the
Central Coast, and we are confident about our ability to continue
to build a strong and resourceful bank," added Mr. Braga.
Mr. Warner's banking career began with an extended period in
Asia as an officer of the First National Bank of Chicago, serving
in Singapore, Hong Kong and South Korea. More recently, he has been
involved in community banking in both northern and southern
California. From October 2004 to April 2008 he was an organizer,
Director, President and CEO of Premier Business Bank in Los
Angeles. Mr. Warner presided over the bank as it grew to total
assets of $88 million in the 20th month of operations.
Concurrently, from May 2004 to April 2005, he was a Director of
Redwood Empire Bancorp in Santa Rosa. Prior to his engagement with
Premier Business Bank, he served on the Board of Directors and
later as President and CEO of Pacific Union Bank Los Angeles, from
May 2002-May 2004. Pacific Union Bank had assets of $1.0 billion
when it was sold in April 2004. Mr. Warner has been assisting
Pacific Valley Bank since November 2008 as a consultant.
Mr. Ben Tinkey has deep roots in the local banking community,
having started his banking career in 1985 with World Savings in San
Jose. He joined Commercial Pacific Bank in Santa Cruz, followed by
Cypress Coast Bank in Seaside. He served as Senior Vice President
and Chief Loan Officer with Monterey Bay Bank from 1994 until 2003
when the bank was sold to Union Bank of California. As a member of
the original management team of Pacific Valley Bank in 2004, Mr.
Tinkey started as Executive Vice President and Chief Loan Officer
before taking on the position of President in 2006.
Mr. Van der Ploeg has had an extensive career in community
banking in California, starting out as a teller with Crocker
National Bank in 1976, and serving in various positions in banking
operations and lending throughout his 32 year career. Since
December 2004, he has served in an executive capacity as a Chief
Credit Officer, most recently serving as EVP/Chief Credit Officer
of Service 1st Bank in Tracy, which had $250 million in assets when
it entered into a definitive sale agreement in June 2008. Since
that time, Mr. Van der Ploeg has had his own consulting firm,
providing credit review and credit administration services.
About Pacific Valley Bank
Pacific Valley Bank is a California banking corporation that
commenced operations on September 14, 2004. We offer our services
from four locations; our headquarters office and Main Street office
which are both located in Salinas, California, our office located
in King City and our office located in Monterey. We provide a broad
range of banking products and services, including credit and
deposit services to our targeted client base of small and medium
sized businesses, agriculture related businesses, non-profit
organizations, professionals and individuals in Monterey County.
For more information, visit www.pacificvalleybank.com.
Forward-Looking Statements
Statements concerning future performance, developments or
events, expectations for growth and income forecasts, and any other
guidance on future periods, constitute forward-looking statements
that are subject to a number of risks and uncertainties. Actual
results may differ materially from stated expectations. Specific
factors include, but are not limited to, loan production,
competitive pressure in the banking industry, balance sheet
management, net interest margin variations, the ability to control
costs and expenses, changes in the interest rate environment and
financial policies of the United States government and general
economic conditions. The Bank disclaims any obligation to update
any such factors.
David Warner CEO 831-771-4323 Ben Tinkey President
831-771-4308
Pacific Valley Bancorp (PK) (USOTC:PVBK)
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