published on October 19, 2016 - 2:27 AM
Written by The Business Journal Staff
Central Valley Community Bancorp, parent company of Fresno’s Central Valley Community Bank, reported third quarter net income of $3.11 million, up 19 percent from the same period last year.

 

For the first nine months of the year, net income was $12.57 million, up from $8.06 million in the same period of 2015.

“We are pleased with the financial results of the third quarter — a testament to the dedicated efforts of our team during a busy period with the integration of Sierra Vista Bank. The acquisition closed on schedule on October 1, 2016,” stated James M. Ford, president and CEO of Central Valley Community Bancorp and Central Valley Community Bank. “Signage at our three new Greater Sacramento offices will change during the month of October and the systems conversions are scheduled for early November.”

Total assets on Sept. 30 were $1.3 billion, up from $1.23 billion on the same date of 2015.


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