FRESNO, Calif.--(BUSINESS WIRE)--
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 $0.07 per
share on the Company’s common stock. The dividend is payable on May 18,
2018 to shareholders of record as of May 4, 2018.
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 operates
24 full service offices throughout California’s San Joaquin Valley and
Greater Sacramento Region. Additionally, the Bank maintains Commercial
Real Estate, Agribusiness and SBA Lending Departments. Central Valley
Investment Services are provided by Raymond James Financial, 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, Robert J. Flautt, Gary D. Gall, Steven D. McDonald, Louis
C. McMurray, Karen Musson, and William S. Smittcamp. Sidney B. Cox is
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; (7)
the expected cost savings, synergies and other financial benefits for
the acquisition of Folsom Lake Bank might not be realized within the
expected time frames or at all; (8) the other risks set forth in the
Company’s reports filed with the Securities and Exchange Commission
(“SEC”), including its Annual Report on Form 10-K for the year ended
December 31, 2017. Therefore, the information set forth in such
forward-looking statements should be carefully considered when
evaluating the business prospects of the Company.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180419006287/en/
Central Valley Community Bancorp
Debra Nalchajian-Cohen,
559-222-1322
Source: Central Valley Community Bancorp