Press Releases

9/30/2009 - PREMIER VALLEY BANK ANNOUNCED THE ADOPTION OF ITS FOURTH STOCK REPURCHASE PROGRAM

Under the program management is authorized to repurchase up to $1.8 million of the Bank's common stock

FRESNO, CALIFORNIA - September 30, 2009 - Premier Valley Bank (OTC Bulletin Board PVLY) today announced the adoption of its fourth stock repurchase program. Under the program, management is authorized to repurchase up to $1.8 million in aggregate purchase price of the Bank's common stock, which represents approximately 600,000 shares, or 5% of its outstanding shares. The repurchase program allows the Bank to purchase common shares for a period of approximately 12 months in the open market or through privately negotiated transactions, subject to market conditions. In addition, the Bank announced that its third stock repurchase program, which was initiated October 1, 2008 and under which 21,420 shares were purchased for a total of approximately $66,000, has terminated.

J. Mike McGowan, President and Chief Executive Officer, stated, "Stock repurchase programs continue to be an integral element of Premier Valley Bank's capital management strategies. As such, we believe stock repurchases remain a viable alternative, reflecting a high degree of confidence in our future."

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.