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Press Releases
Our Latest Press Releases:
CERTIFICATION OF VALLEY BUSINESS BANK ALLOWS FOR RAPID LOAN RESPONSE TO LOCAL SMALL BUSINESS CUSTOMERS
FRESNO, Calif., May 10, 2006 -- Small businesses in Fresno, Tulare,
Kings and Kern counties are able to receive a quicker answer on
applications for Small Business Administration (SBA) loans under SBA's
Preferred Lenders Program which delegates Valley Business Bank special
authorization to process SBA Guaranteed Loans. Valley Business Bank a
nine year participant in SBA lending is very involved and committed to
small business financing. Valley Business Bank is a locally owned
financial institution with four branches and one loan production office.
The bank's authorization to participate in SBA's Preferred Lenders
Program (PLP) was announced by Ronald E. Truly, Deputy District Director
of the Fresno SBA District Office. The presentation of the certification
will be made to Valley Business Bank during a special ceremony on May
17th at The Vintage Press in Visalia at 5:30 PM.
Preferred Lenders are SBA's most active and committed lenders and
receive a substantial delegation of authority from SBA. SBA gives PLP
lenders a one-day loan processing turnaround time on their loan
applications. Most of SBA's loans are made under the guaranty loan
program by private sector lenders.
Upon hearing of the certification, Don Gilles, President and CEO of
Valley Business Bank said, "We're very excited to have received the
Preferred Lender designation from the U. S. Small Business
Administration. This allows us to expedite the processing of SBA loan
applications with in-house approvals and rapid loan closings."
"SBA clearly has a strong partnership with Valley Business Bank which in
turn is helpful for all businesses. The bank has distinguished itself as
being a proactive lender with a special emphasis in assisting small
businesses with reasonable access to capital. Financial assistance to
businesses will certainly help the local economies and we appreciate the
bank's commitment," said SBA Deputy District Director Ronald E. Truly.
For further information about the presentation ceremony please contact
Melende Ward, Fresno SBA District Office at (559) 487-5791, ext 143.
VALLEY BUSINESS BANK EARNS HIGHEST HONOR FOR FINANCIAL STRENGTH
AND STABILITY
VISALIA, Calif., May 2, 2006 – BauerFinancial, the nation’s leading
independent bank rating and research firm, is pleased to announce that
Valley Business Bank, Visalia, California, has achieved it’s highest
5-star superior rating for financial strength and stability. This rating
indicates that Valley Business Bank is one of the safest banks in the
country.
“Earning a 5-Star rating is in itself an outstanding achievement –
evidence of consistently sound management, financial strength and
performance,” said Karen L. Dorway, president of the research firm.
“When a local bank achieves the 5-Star rating, it is a reflection of not
only the bank, but the community it serves and it’s commitment to that
community. Mr. Donald A. Gilles, Valley Business Bank’s President and
CEO, should be very proud of his 5-Star Team and their accomplishment.”
Valley Business Bank was established in 1996 as Bank of Visalia and has
been committed to the needs of its neighbors and friends for ten years.
Currently it operates through four conveniently located offices in
Visalia, Fresno, Woodlake, Tipton, and a loan production office in
Tulare. They can also be conveniently found on the internet at
www.valleybusinessbank.net.
Valley Business Bank: “Leading the Way”
Bauer Financial Inc., Coral Gables, Florida, is the nation’s leading
independent bank rating firm. It has been reporting on and analyzing the
performance of U.S. banks and credit unions since 1983. No bank pays for
its rating, nor can any bank elude it. Consumers may obtain free
star-ratings by calling 800.388.6686 or by visiting
www.bauerfinancial.com
MICHAEL RIVERA JOINS VALLEY BUSINESS BANK'S TEAM
VISALIA, Calif., January 30, 2006 -- Don Gilles, President and Chief
Executive Officer of Valley Business Bank announced this week that
Michael Rivera has joined the Bank as Assistant Vice President,
Marketing Director.
“Michael’s knowledge and experience in community banking further
strengthens our marketing team,” said Mr. Gilles. “In addition, his
active involvement in the community serves to strengthen an important
focal point of our business strategy.”
Mr. Rivera participates in the community as a board member of
Pro-Youth/Heart, Tulare County Juvenile Justice and Prevention
Commission, the Rotary Club of Visalia,
The Big Brothers and Sisters of Tulare County and has served on the
Board of Directors of the Tulare Kings Hispanic Chamber of Commerce.
Michael was also a participant in the Sequoia Regional Leadership class
of 2003-2004 and was nominated by Congressman Devin Nunes to attend the
National Hispanic Leadership Summit in Washington D.C. this past
September.
Michael resides in Tulare with his wife Rosie and their children,
Michael and Jessica.
Valley Business Bank is a subsidiary of Valley Commerce Bancorp with
offices in Visalia, Woodlake, Tipton, Fresno and a Loan Production
Office in Tulare
