Press Releases

3/25/2009 - PREMIER VALLEY BANK ANNOUNCES ITS DECISION NOT TO PARTICIPATE IN THE CAPITAL PURCHASE PROGRAM ("CPP")

Premier Valley Bank today announced its decision not to participate in the U.S. Treasury Department's Capital Purchase Program ("CPP")

FRESNO, CALIFORNIA - March 25, 2009 - Premier Valley Bank (OTC Bulletin Board PVLY) today announced that, although it has received preliminary approval for up to $12.372 million through the U.S. Treasury Department's Capital Purchase Program ("CPP"), the Bank has recently informed the Department of its decision not to participate in the CPP. PVB said that as of December 31, 2008, its capital ratios exceeded 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%. Since the end of 2008, the Bank's capital position and business activities have remained essentially the same.

J. Mike McGowan, President and Chief Executive Officer, stated, "The Board of Directors diligently considered all relevant factors while evaluating our potential participation in the Capital Purchase Program. Considering the Bank's strong capital ratios, current and anticipated business activities and the outlook for the future, we do not believe that participation in the CPP is in the best interests of our shareholders".

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.