Central Valley Community Bancorp was incorporated on February 7, 2000 as a
California corporation, for the purpose of becoming the holding company for
Central Valley Community Bank, formerly known as Clovis Community Bank, a California
state chartered bank, through a corporate reorganization. In the reorganization,
the Bank became the wholly-owned subsidiary of the Company, and the shareholders
of the Bank became the shareholders of the Company. The Company is registered
as a bank holding company under the Bank Holding Company Act of 1956, as amended
(the BHC Act), and is subject to supervision and regulation by the Board of
Governors of the Federal Reserve System
Central Valley Community Bancorp (NASDAQ: CVCY) (the Company) was incorporated
on February 7, 2000. The formation of the holding company offered the Company
more flexibility in meeting the long-term needs of customers, shareholders,
and the communities it serves. The Company currently has one bank subsidiary,
Central Valley Community Bank (the Bank) and one business trust subsidiary,
Service 1st Capital Trust 1. The Bank of Madera County (BMC) was merged with
and into the Bank on January 1, 2005. BMC had two branches in Madera County
which continue to be operated by the Bank. After the close of business on November
12, 2008, Service 1st Bancorp (Service 1st) was merged with and into the Company,
and Service 1st Bank was merged with and into the Bank. Service 1st Bank had
three branches in Stockton, Tracy, and Lodi which continue to be operated by
the Bank. Service 1st Capital Trust 1 (the Trust) is a business trust formed
for the purpose of issuing trust preferred securities. The Company succeeded
to all the rights and obligations of Service 1st in connection with the acquisition
of Service 1st. The Trust is a subsidiary of the Company. Effective July 1,
2013, the Company and Visalia Community Bank (VCB) completed a merger under
which VCB was merged with and into the Bank. VCB had three full-service offices
in Visalia and one in Exeter which continue to be operated by the Bank. The
Company’s market area includes the central valley area from Sacramento,
California to Bakersfield, California.
The Company owns the property on which the Main Office, a full-service branch
office, is located in Clovis, California. In addition, the Company owns the
property on which the Foothill Office, a full-service branch office, is located
in Prather, California, the property on which the Modesto office, a full-service
branch office, is located in Modesto, California, the property on which the
Kerman Office, a full-service branch office, is located in Kerman, California,
the property on which the Floral office, a full-service branch office, is located
in Visalia, California, and the property on which the Exeter office, a full
service branch office, is located in Exeter, California..
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