Investor Relations
Investment Information
Where is Golden Valley Bank's common stock listed?
Our common stock is now listed under the ticker symbol GVYB. We suggest the website www.otcbb.com to view trading information.
Who are the Market Makers for Golden Valley Bank's Stock?
There are several, including Wedbush Morgan Securities. For information regarding buying or selling our stock, contact your broker or Lisa Gallo from Wedbush Morgan at the address or phone below:
Lisa Gallo
1000 Wilshire Blvd., Suite 900
Los Angeles, CA 90017
(866) 491-7828 direct
(866) 415-0756 fax
lisa.gallo@wedbush.com
Press Releases
FOR IMMEDIATE RELEASE - July 16, 2008
Golden Valley Bank Reaches Profitability
CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB), a two–year old bank headquartered in Chico, California reported its’ first quarterly profit in its’ short history. The company earned $55,382 in the quarter ended June 30, 2008.
“This is truly a mile post in the history of our Bank,” said CEO Mark Francis. “We’ve had a tremendous first half of 2008 and are ahead of plan in every major category. We recently completed a safety and soundness exam by banking regulators that indicated we exceed compliance requirements for de novo banks, which are generally more restrictive than those for older banks.”
Although some financial institutions may be negatively impacted by the recent collapse of the sub-prime mortgage loan market, Golden Valley Bank does not make sub-prime mortgage loans and has no exposure in this area. The bank specializes in relationship banking to local individuals and businesses.
The Bank reported total assets of $67 million, up 22% from a year earlier. Loans ended the quarter at $49 million compared to $24 million a year ago. There were no non-performing assets or loans on non-accrual. Additionally, no loans were past due 30 days or greater and no loans had been adversely classified. Deposits were $53 million, up from $40 million on June 30, 2007. The company is a well capitalized bank and exceeds minimum regulatory requirements by 258%.
“Speaking for our Board, Advisors and Founders, we are very happy with the success and direction of the Bank,” said GVB Chairman Robert Harp. “We are building our Bank with a strong base of customers and employees to ensure a strong future. While there is uncertainty in the national financial markets, we have the team to lead us through any turbulence that may lie ahead.”
Golden Valley Bank is a locally owned and operated commercial bank serving the needs of individuals and businesses in northern California. The Bank has a full service office in Chico, California and a Loan Production Office in Redding, California. For more information regarding the bank please call at (530) 894-1000.
FOR IMMEDIATE RELEASE - June 25, 2008
Golden Valley Bank Elects New Chairman of the Board
CHICO, Calif. - The Directors of Golden Valley Bank (OTCBB: GVYB) recently elected local attorney Robert Harp to be Chairman of their Board. Harp replaces founding Chairman Howard Isom, who is remaining on the Board and is taking on the role of Vice Chairman. Don Hubbard continues as Board Secretary.
“Robert’s leadership qualities and enthusiasm will be very good for the Bank,” said Isom. “I look forward to offering him my guidance and assistance.”
Harp, 48, is a partner in the local law firm of Marshall, Burghardt, Mieske and Harp. He earned degrees from Butte College and the University of California at Berkeley and went on to get post graduate degrees from Santa Clara University and New York University. Harp has served on several local area boards, including commissioner and chairman of the Butte County Airport Land Use Commission.
“I am honored that our Board had the confidence to elect me Chairman,” said Harp. “Howard Isom did an outstanding job and I plan to continue to work hard in order to meet our goal of being the best bank in town.”
Golden Valley Bank is a locally owned and operated full service commercial bank serving the needs of individuals and businesses in the north state with offices in Chico and Redding.
FOR IMMEDIATE RELEASE - June 10, 2008
Golden Valley Bank Opens Redding Office
Chico based Golden Valley Bank announced that it has opened a Loan Production Office in Redding. Vice President Matt Moseley will work out of the office at 2515 Park Marina Drive offering a wide variety of commercial and consumer loan products.
Moseley, who lives in Cottonwood, has been working for Golden Valley Bank in Chico for about a year. Prior to coming to Golden Valley he worked as a commercial lender and various other positions for North Valley Bank in Redding for four years. He is an Honors graduate of Simpson College.
“Matt will do a tremendous job for his customers in Shasta County,” said GVB Chief Credit Officer Jim Doss, who spent 17 years working in the Redding market prior to taking the top lending job with the bank last year. “Considering Matt’s background and customer relationships, we are confident he will be successful.”
“Redding is an important part of our growth plans and I am certain we can bring the loan products and exceed the service expectations that the community expects from a local bank,” said GVB CEO Mark Francis.
Golden Valley Bank is a locally owned and operated full service commercial bank serving the needs of individuals and businesses in northern California.
FOR IMMEDIATE RELEASE - March 31, 2008
Golden Valley Bank Releases 1st Quarter Results
CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB - News) headquartered in Chico, California reported total assets of $61 million as of March 31, 2008, a 17% increase from March 31, 2007. Gross loan totals ended the quarter at $43 million compared to $19 million a year ago. Deposits were $46.5 million.
“We are very happy with our growth in a tough economy,” said Golden Valley Bank President and CEO Mark Francis. “We continue to forge ahead and are on target with our financial and community objectives.”
Although some financial institutions may be negatively impacted by the recent collapse of the sub-prime mortgage loan market, Golden Valley Bank does not make sub-prime mortgage loans and has no exposure in this area. The bank specializes in relationship banking to local individuals and businesses.
Golden Valley Bank is a locally owned and operated full service commercial bank serving the needs of individuals and businesses in the north state. For more information regarding the bank please call at (530) 894-1000.
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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 are pre-fiscal year-end audit and may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.
Additional Investment Information
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