Press Releases

2/10/2009 - PREMIER VALLEY BANK TODAY ANNOUNCED THAT IT HAS RECEIVED PRELIMINARY APPROVAL FOR FUNDS IN THE CAPITAL PURCHASE PROGRAM ("CPP")

Premier Valley Bank received preliminary approval for up to $12.372 million of Capital Purchase Program ("CPP") funds.

FRESNO, CALIFORNIA - February 10, 2009 - Premier Valley Bank (OTC Bulletin Board PVLY) today announced that it has received preliminary approval for up to $12.372 million through the U.S. Treasury Department's Capital Purchase Program ("CPP"). The Bank said as of December 31, 2008 its capital ratios exceed all regulatory guidelines, and the Bank is considered a well-capitalized institution with a Tier 1 leverage ratio of 9.41% and a total risk-based capital ratio of 11.60%. Premier Valley Bank's Board of Directors is still assessing the merits of the program and has not made a final decision regarding the Bank's participation. The proposed investment represents approximately 3% of PVB's risk-weighted assets. Based on the December 31, 2008 capital ratios, the additional capital would increase the Bank's Tier 1 leverage ratio to approximately 12.08% and the total risk-based capital ratio to approximately 14.53%.

J. Mike McGowan, President and Chief Executive Officer, stated, "The Board of Directors will continue to evaluate our participation in the CPP, make a final determination as to whether to participate in the program and, if so, decide the amount of capital that the Bank can most appropriately utilize. This process should take approximately 30 days."

Premier Valley Bank is a full service bank known as "THE" Business and Professional Bank in Central California and "THE" Community Bank Serving the Sierra. The Bank's Directors are Jerry E. Cook; Mateo F. De Soto, M.D.; Surinder P. Dhillon, M.D.; Linda F. East; Richard H. Lehman; Michael S. Mathiesen; J. Mike McGowan; Thomas G. Richards; and Joe Williams.

Cautionary Statement: This release may contain certain forward-looking statements which are not historical facts and may pertain to future operating results. These forward-looking statements are within the meaning of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause the Bank's actual results to be materially different from the results discussed herein. These risks and uncertainties include those related to the economic environment particularly in the region where Premier Valley Bank does business, competitive products and pricing, general interest rate changes, the fiscal and monetary policies of the United States Government, credit risk management, regulatory actions, and other risks and uncertainties. Words such as "anticipate," "believe," "estimate," "expect," should," "intend," "project," and words or phrases of similar meaning are intended to identify forward-looking statements.