Key Developments For Central Valley Community Bancorp
Central Valley Community Bancorp (CVCY.O) (Consolidated Issue listed on NASDAQ Capital Market)
Central Valley Community Bancorp. Successfully Completes Acquisition Of Service 1st Bancorp
Central Valley Community Bancorp. announced the completion of the acquisition of Service 1st Bancorp and Service 1st Bank effective after close of business, November 12, 2008.
Central Valley Community Bancorp. to Acquire Service 1st Bancorp
Central Valley Community Bancorp. and Service 1st Bancorp announced that a definitive merger agreement has been signed by both parties. Under the terms of the agreement, Service 1st Bancorp will merge with the Company and the Service 1st Bancorp subsidiary, Service 1st Bank, with branches in Tracy, Stockton and Lodi, will merge with the Company's subsidiary, Central Valley Community Bank. The Merger and Bank Merger are currently anticipated to be completed in the third quarter of 2008. The transaction value is approximately $23.4 million.
Central Valley Community Bancorp. Declares Cash Dividend
Central Valley Community Bancorp. announced that it has declared a cash dividend of $0.10 per share on the Company's common stock. The dividend is payable on March 31, 2008 to shareholders of record on March 11, 2008.
Central Valley Community Bancorp. Announces Stock Repurchase Program
Central Valley Community Bancorp. announced that its adoption of a program to effect repurchases of the Company's common stock. The Company may repurchase up to approximately $1,000,000 of the Company's outstanding shares of common stock under the program for a period beginning November 21, 2007 and ending May 21, 2008. The shares will be repurchased in open-market transactions through brokers, subject to availability.
Central Valley Community Bancorp. Declares Cash Dividend
Central Valley Community Bancorp. announced that it has declared a cash dividend of $0.10 per share on the Company's common stock. The dividend is payable on August 24, 2007, to shareholders of record on August 8, 2007.
