CMUV Community Valley Bank featured news, full reports, and detailed charts
Community Valley Bank (CMUV/CMUV.OB) Wrap Up:
Community Valley Bank offers personal and commercial banking services. The bank was founded in 2007 and is based in El Centro, California.Community Valley Bank (CMUV:OTC Bulletin Board Market)
Snapshot of Community Valley Bank (CMUV)
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OPEN
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PREVIOUS CLOSE
$4.00
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
07/28/09 - $7.25
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52 WEEK LOW
08/19/09 - $3.50
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MARKET CAP
0.0
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AVERAGE VOLUME 3 mo
700.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
0.0
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CMUV Does Not Pay Dividends
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P/E TTM
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CMUV Top Compensated Officers
Executives, Board Directors
Key developments for Community Valley Bank (CMUV)
Community Valley Bank names three employees as Assistant Vice Presidents, Stephanie Jennings, Compliance and Bank Secrecy Act Officer and Information Technology Security Officer, Christine Ortiz, Loan Administrator, and Diana S. Alvarez, Administrative and Investor Relations Officer. Stephanie Jennings is nearing 10 years of financial service experience. Christine Ortiz is spent over 13 years with the company. Prior to joining CVB, Ms. Alvarez was Fiscal Manager at the Imperial County Office of Education in El Centro, California. She has worked with Farm Credit Services Southwest in financial positions and with Valley Independent Bank in administrative positions.
Community Valley Bank announced the hiring of W. Russell Andersen as the new Executive Vice President (EVP) and Chief Financial Officer (CFO). Mr. Andersen comes to CVB with 32 years of financial services experience. His experience includes several senior positions in financial institutions, ranging from $7 million to $720 million in assets. Most recently, he served as the Senior Vice President and Chief Financial Officer for the Nebraska State Bank, which was purchased by Mutual of Omaha Bank in June 2007.
Effective November 29, 2007, Community Valley Bank primary exchange listing will change to OTCBB from OTCUS.
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Industry Analysis
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More Recent News About Community Valley Bank
More news for CMUV
Community Valley Bank Releases Second Quarter 2009 Performance
EL CENTRO, Calif.--(BUSINESS WIRE)--Community Valley Bank (CMUV) today announced total assets as of June 30, 2009 were $41.9 million – a 13 percent growth in three months. Compared to June 30, 2008, total assets grew 81 percent. Loans increased $2.7 million totaling $30.8 million and the bank’s deposit base grew $5.5 million totaling $29.8 million in the second quarter. Community Valley Bank (CVB) retains a Total Risk-Based Capital ratio of 26.81 percent and a Tier 1 Risk-Based Capital ratio of 25.55 percent, which exceeded the Federal Deposit Insurance Corporation’s (FDIC) regulatory requirements. To be considered well-capitalized, a bank must have over 10 percent Total Risk-Based Capital and a 6 percent Tier 1 Risk-Based Capital. The bank’s loan loss reserve ratio to gross loans was 2.21 percent.“Our growth is consistent with our business plan and with our status as a De Novo Bank. We believe that by continuing our support of Valley businesses we will reach our goal of profitability in 2010,†said Robert “Bob†Hahn, President and CEO of Community Valley Bank.CVB is continuing its plan to build permanent bank facilities in both El Centro and Brawley and is working towards opening a third branch office in Calexico within the next two years.In recent news, CVB announced that it was the only bank in the Imperial Valley participating in the Small Business Administration’s America’s Recovery Capital (ARC) loan program.Additional notable points:All investor related inquiries should be directed to Community Valley Bank’s Investor Relations Officer, Diana S. Alvarez. She may be contacted at (760) 352-1889....Click here to read the whole Article (external link)