Pacific Valley Bank Announces Changes to Board of Directors
June 02 2009 - 7:03PM
Marketwired
At Pacific Valley Bank's (OTCBB: PVBK) annual meeting of
shareholders held May 28, 2009, the shareholders elected three new
board members and five continuing members to serve on the Board for
the next year. The new members are Mr. Anthony M. Cosentino, Mr.
Guillermo Nieto, Sr. and Mr. Peter K. Shah. All three are long time
residents of Monterey County and were original founders of the
Bank. The continuing members are Mr. Rodney J. Braga, Mr. Andrew P.
Ausonio, Mr. Michael D. Cling, Mr. Lucio P. Cosentino and Mr. David
B. Warner, CEO. The Board has elected Mr. Peter K. Shah as its
chairman.
The Board would like to acknowledge and thank its outgoing
directors Mr. Steven D. Bassi, Mr. Louis H. Huntington, Jr., Mr.
Jon R. Moore, Mr. Guillermo Nieto, Jr. and Mr. Ben A. Tinkey for
their dedication and years of service to Pacific Valley Bank.
Messieurs Bassi, Huntington, Moore and Nieto have served since the
founding of the Bank. Mr. Tinkey is continuing as the Bank's
President.
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.
Contact: David Warner CEO 831-771-4323
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