About Pacific Valley Bank
The Salinas area business and agricultural community faced unique challenges, but the existing banking culture had no provisions in place to fulfill their financial needs.
Recognizing their plight, a group of local business and community leaders rose to the challenge. These were business leaders in Monterey County who had prospered and were anxious to serve their community in such a meaningful way.
Why couldn’t they form a new community bank? One that understood the needs of those it would serve? The project sparked interest – those who embraced the dream became determined to transform it to reality.
TURNING CONCEPT INTO A FLOURISHING INSTITUTION
For these business leaders, turning their concept into a flourishing financial institution was not an easy undertaking. Yet buoyed by those willing to risk time and capital to make it succeed, the group overcame every challenge it faced.
Their formal application to form a community bank was submitted in December 2003, with the ambitious goal of opening the new bank in late 2004. The name Pacific Valley Bank was officially selected and work began on the original headquarters located at 3 Rossi Circle in Salinas.
SUPPORT OF LOCAL INVESTORS
The project would have failed without the support of local investors. But the organizers were met with such enthusiasm that all available shares of stock were sold through its initial offering. The vision of a new community bank became reality when we opened the doors to our first customer on September 14, 2004.
As a publicly held community bank, we’re listed on the Over-the-Counter Bulletin Board under the stock symbol PVBK.
A FLOURISHING INSTITUTION
Today, Pacific Valley Bank is a flourishing institution. It stands as a testament to what can be accomplished by channeling efforts toward a common goal. A local community committed to its own success, and raising the standard of living of all of its members.