Salinas, CA – May 3, 2021 – Pacific Valley Bank (OTC Pink: PVBK) announced its unaudited earnings results for the first quarter 2021. Net income for the three months ended March 31, 2021 was $1.13 million, representing an increase of 89% compared with the same period of 2020. Earnings per share for the first quarter 2021 were $0.28 compared with $0.15 for the first quarter 2020.
Salinas, CA – February 8, 2021 – Pacific Valley Bank (OTC Pink: PVBK) announced its unaudited earnings results for 2020. Net Income for the twelve months ended December 31, 2020, was $3.25 million representing an increase of 21% compared with the same period of 2019. Earnings per share for the year 2020 were $0.81 compared with $0.67 for the year 2019. Net Income for the fourth quarter was $939 thousand or $0.24 basic earnings per share.
PVB is a member of Monterey Bay Economic Partnership (MBEP) and is currently featured on the member spotlight page.
Salinas, CA – September 28, 2020 – Pacific Valley Bank (OTC Pink: PVBK) announced its unaudited third quarter 2020 Net Income of $979 thousand or $0.25 basic earnings per share. This represents a 25% increase over the same period of the prior year. Earnings per share for the first nine months of 2020 was $0.58 compared with $0.50 for the first nine months of 2019.
PVB’s 2019 Annual Report is now available on our website.
PVB is now accepting PPP loan forgiveness applications!
Thank you for allowing Pacific Valley Bank to assist you in obtaining your Paycheck Protection Loan. The next step in this process will be submitting your PPP application for forgiveness of the loan that you have received. The Bank has established a website that will be available to you specifically for this purpose and we will be sending an email to our PPP borrowers with the link and instructions to log in and get started.
Pacific Valley Bank (OTC Pink: PVBK) announced its unaudited second quarter 2020 Net Income of $735 thousand or $0.18 basic earnings per share. This represents an increase of 9% over the same period of the prior year, $674 thousand or $0.17 basic earnings per share at June 30, 2019.
As COVID-19 continues to impact the economic health of our region, all of us have had to reprioritize. Pacific Valley Bank is working tirelessly in order to meet the needs of the business community in Monterey County and our hearts go out to everyone impacted by this crisis.
Effective June 18, 2020, we will no longer be accepting loan applications for the SBA Paycheck Protection Program. We are grateful for the opportunity to have assisted so many local businesses in securing the funds needed during this time.