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Central Valley Community Bancorp (CVCY) in Fresno, Calif., has named James Ford president of its bank.
February 3 -
Central Valley Community Bancorp in Fresno, Calif., has redeemed $7 million of preferred stock issued to the Treasury Department under the Small Business Lending Fund.
January 2 -
Bank of the Ozarks (OZRK), HomeTrust Bancshares (HTBI), Glacier Bancorp (GCBI) and Central Valley Community Bancorp (CVCY) all announced deal completions Wednesday.
August 1
Central Valley Community Bank in Fresno, Calif.,
The $1.2 billion-asset company disclosed in a regulatory filing Friday that it recorded a $7.7 million chargeoff and an $8.4 million loan-loss provision for the quarter following the discovery of faulty loans. The company said its bank remains "well-capitalized" and expects to report a profit for the fiscal year.
Central Valley said in its filing that a December review of a longtime borrower determined that the client had "significantly overstated" its inventory collateral in previous reports to the bank. Central Valley "made downward revisions in its estimates" of the collateral's value and reclassified the loans, the filing said.
The company said it will report its fourth-quarter results on Feb. 13.
