Banking & Finance

Valley banks rated strong in Q1

Central Valley Community Bank of Fresno received a 5-star rating from Bauer Financial for the first quarter of 2013.Several Valley-based banks were rated high for financial stability in the first quarter of the year by bank rating and research firm Bauer Financial.

Sanger embezzler sentenced to two years in prison

Mary Helen Perez of Sanger was sentenced to two years and three months in prison for embezzling $250,000 from the bank where she worked.

Premier Valley Bank to repurchase stock

Premier Valley Bank announced on Wednesday it intends to repurchase approximately 2.5 percent of its common stock for a maximum amount of $2.25 million.

Fresno Madera Farm Credit hires Hesterberg as CEO

Keith HesterbergFresno Madera Farm Credit has hired Keith Hesterberg to replace retiring president and chief executive officer Tom Brown effective July 1.

Valley Business Bank declares dividend

Valley Business Bank in VisaliaValley Commerce Bancorp, parent company of Valley Business Bank in Visalia, announced a cash dividend of six cents per share.

Visalia Community Bank acquisition gets final blessing

Central Valley Community Bancorp’s acquisition of Visalia Community Bank has been approved by regulators, it was announced Monday.

Premier Valley Bank to pay dividend

Fresno-based Premier Valley Bank announced it will pay a seven-cents-per-share dividend to shareholders on or about June 14.

Citizens Business Bank appoints new Valley manager

Michael StainCitizens Business Bank has appointed former Wells Fargo executive Michael Stain as its new senior vice president and regional manager in the Central Valley.

Fresno First Bank sees 1Q net income drop

Fresno First Bank announced net income of $167,000 for the first quarter of the year, down from $281,000 for the same period a year ago.

Premier Valley Bank earnings down from last year

Premier Valley Bank announced $1.39 million in earnings for the first quarter of 2013, down slightly from $1.52 million for the same period last year.