REDDING, CALIF. — North Valley Bancorp said it received regulatory approval from the Federal Reserve Bank of San Francisco and the Office of the Comptroller of the Currency for its pending merger with Six Rivers National Bank.

North Valley agreed to sell one branch, including all associated deposits and loans, to meet the branch divestiture requirement of the Federal Reserve Board. The Six Rivers branch, in Weaverville, Calif., includes about $17 million in deposits and $800,000 in loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.