NAPA, Calif. -- Napa Valley Bancorp said it has consolidated its offices with those of its lead subsidiary, Napa Valley Bank.
Bryan Hansen, chairman of the holding company, said the move was completed May 17 as part of an effort to reduce operating expenses. He said it would also improve communications between the holding company and the bank, of which Mr. Hansen is interim chief executive officer.
Napa Valley Bancorp has two wholly owned subsidiaries - Napa Valley Bank and Suisun Valley Bank - and majority stakes in Sonoma Valley Bank and Bank of Lake County. The four have $611 million in assets and 19 full-service branches.