River Valley Community Bank Appoints New Chief Operating Officer

Fri Jun 7, 2013 12:06am EDT

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River Valley Community Bank Appoints New Chief Operating Officer

River Valley Community Bank (OTC Markets: RVVY) headquartered in Yuba City, California announced its Board of Directors has promoted Executive Vice President John M. Jelavich to the position of Chief Operating Officer. Mr. Jelavich assumed responsibility for all day to day operations of the Bank effective June 1st, 2013.

River Valley Community Bank Chairman Gary Thiara said, “John is a proven member of the senior management team and instrumental to the success of River Valley Community Bank. The Board of Directors is confident that the Bank will continue to have solid performance under John’s leadership in his expanded role.”

While this new appointment represents a shift in responsibility for day to day operations, it does not represent a shift in philosophy or strategy. “The principles that have made River Valley Community Bank successful have not changed. We are committed to staying true to the Bank’s founding mission of providing our customers a high quality, relationship banking experience while offering competitive banking products and services,” Jelavich said.

Prior to joining the Bank in 2010, Mr. Jelavich spent 22 years with The PMI Group, a provider of credit enhancement to facilitate mortgage lending and securitization. At PMI, Mr. Jelavich served in numerous senior level finance, credit risk management, operations and loss mitigation capacities.

John I. Jelavich remains President and Chief Executive Officer of River Valley Community Bank.

River Valley Community Bank is located at 1629 Colusa Avenue, Yuba City, California. For more information please contact John I. Jelavich at 530-821-2460 or visit our website at: www.rivervalleycommunitybank.com.

Forward Looking Statements: This document may contain comments and information that constitute forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such statements. Forward-looking statements speak only as to the date they are made. The Bank does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

River Valley Community Bank
John I. Jelavich, 530-821-2460

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