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Oak Valley Bancorp in Oakdale, Calif., has agreed to buy Mother Lode Bank in Sonora, Calif.
August 27 -
Suncrest Bank in Visalia, Calif., has agreed to buy Sutter Community Bank in Yuba City, Calif., for $9.4 million in stock.
July 27 -
Suncrest Bank is hoping that its team of experienced executives, combined with organic growth and acquisitions, will help more than double its assets in the next few years.
August 31
Oak Valley Bancorp in Oakdale, Calif., has named a new chief financial officer.
The $794 million-asset company promoted Jeff Gall to CFO, according to a Monday news release. Gall was previously vice president of finance and accounting.
Gall succeeds Rick McCarty as CFO. McCarty will retain his position as chief administrative officer and has also been given the additional title of senior executive vice president.
Gall, 40, had been vice president of finance and accounting since 2006. McCarty, 44, had been CFO of Oak Valley Community Bank since 2000 and has been chief administrative officer since 2008. He joined Oak Valley in 1996.
Oak Valley operates 16 Northern California branches. The company recently completed its purchase of the $71 million-asset Mother Lode Bank in Sonora, Calif., and it expects to complete its operating system conversion in the second quarter.
