After its own stock price slid 22% since May, a Northern California bank is shedding its shares in other community banks.

North Valley Bancorp in Redding, Calif., said it plans to liquidate its community bank stock portfolio, comprising about 30 companies with assets ranging from $100 million to $5 billion.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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