Banking & Finance

Central Valley Community Bank nets $2.45M in Q1

Central Valley Community Bancorp, parent of Fresno's Central Valley Community Bank, announced net income of $2.46 million for the first quarter, down nearly 6 percent from the same period last year.

Report: Murphy Bank one of nation’s best-performing small banks

According to a new report, Fresno-based Murphy Bank is one of the country’s best-performing small banks.

Fresno Madera Farm Credit distributing $4.6M to members

Fresno Madera Farm Credit announced its intention to return $4.6 million to members in the form of a cash patronage distribution.

Fresno bank hosting community shredding events

Central Valley Community Bank will host its ninth annual free document shredding event series beginning April 13 and running through May 19. 

Bank of the Sierra officially appoints new CEO

The board of directors of Sierra Bancorp, parent company of Bank of the Sierra in Porterville, announced it has officially appointed Kevin McPhaill as president and CEO effective April 1.

Gill tapped as new United Security Bank CFO

Fresno-based United Security Bancshares, parent of United Security Bank, announced that Bhavneet Gill has been selected as vice president and chief financial officer.

United Security Bank to pay stock dividend April 17

United Security Bancshares, parent company of Fresno-based United Security Bank, has declared a first-quarter stock dividend of one percent payable to shareholders of record on April 6.

Fresno Papa John's franchisee secures $2M loan

Las Vegas-based Dixie Foods International Inc., a growing Valley franchisee of Papa John's pizza restaurants doing business as Preferred Restaurant Brands, has secured a $2 million loan.

City trumpets upbeat financial report

The City of Fresno has completed its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2014 and among the more significant results is the independent auditor’s report, which, for the fist time since 2011, contains no mention of “going concern” in terms of the City’s financial condition.

Central Valley Community Bank names new VP

Patrick CarmanCentral Valley Community Bank has announced the promotion of Patrick J. Carman to executive vice president and chief credit officer for the company. The move is effective April 1.