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 - October 30, 2009
Golden Valley Bank Posts Record Quarterly Profit
CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB), a three year old bank headquartered in Chico, California reported its most profitable quarter in its short history. The company earned $108,120 in the quarter ended September 30, 2009. In the first nine months of 2009 the company has earned $206,107.
The Bank’s total assets were $96 million, up 28% from a year earlier. Deposits were $80.8 million, up 34% from September 30, 2008. Loans ended the quarter up 18% at $60 million compared to $50.6 million a year ago. The company has aggressively set aside $1.2 million in loan loss reserves, or two percent of total loans, to protect it from economic uncertainties that may lie ahead. Golden Valley continues to be a well capitalized bank and far exceeds minimum regulatory requirements.
“It certainly is a tough economy but we have been able to increase profitability while building our reserves,” said President and CEO Mark Francis. “The support we have from the community is very gratifying.”
"Golden Valley Bank continues its solid steady profitability even in this difficult economic environment,” states GVB Board Chairman Robert Harp. Mr. Harp further states, “Golden Valley Bank has very loyal customers and outstanding employees that make the Bank successful.”
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 30, 2009
Golden Valley Bank Posts 5th Straight Quarterly Profit
CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB), a three year old bank headquartered in Chico, California reported its fifth consecutive quarterly profit in its short history. The company earned $50,434 in the quarter ended June 30, 2009. In the first six months of 2009 the company has earned $97,987.
The Bank’s total assets were $86.2 million, up 29% from a year earlier. Deposits were $71.4 million, up 35% from June 30, 2008. Loans ended the quarter up 21% at $59.3 million compared to $49.1 million a year ago. There were no non-performing assets or loans on non-accrual. The company continues to be a well capitalized bank and far exceeds minimum regulatory requirements.
“Things continue to go well for our Bank and I am very happy with our results,” said President and CEO Mark Francis. “We are growing our business and strengthening our balance sheet in a difficult economic environment.”
“I am pleased that Golden Valley Bank has continued to be profitable in this difficult economic market” states GVB Board Chairman Robert Harp. Mr. Harp further states, “I think Golden Valley Bank does a great job of helping its customers become successful and in turn our customers have helped Golden Valley Bank be successful.”
FOR IMMEDIATE RELEASE - April 30, 2009
Golden Valley Bank Celebrates 3rd Anniversary
and Four Consecutive Quarters of Profitability
CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB), a three year old bank headquartered in Chico, California reported its’ fourth consecutive quarterly profit in its’ short history. The company earned $47,553 in the quarter ended March 31, 2009. Over the last four quarters the bank has earned $187,898.
The Bank’s total assets were $79.4 million, up 30% from a year earlier. Deposits were $64.6 million, up 39% from March 31, 2008. Loans ended the quarter up 36% at $58.5 million compared to $43 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. The company continues to be a well capitalized bank and far exceeds minimum regulatory requirements.
“I am very happy with our results and that we continue to grow and operate safely,” said President and CEO Mark Francis. “We are on target to reach our goals for 2009.”
Although some financial institutions have been 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.
“During the current difficult economic times Golden Valley Bank continues to do well and remain profitable,” reports GVB Chairman Robert Harp. Mr. Harp further states, “Golden Valley Bank is fortunate to have dedicated and talented directors, officers and employees and the loyal support of our customers, all who have helped us weather these difficult times and make me believe our future will be very successful.”
Click Here to view past Press Releases!
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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You can contact us via our Information Request page.
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