PVB Blog

Pacific Valley Bank Announces Third Quarter 2020 Financial Results

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.

PPP Loan Forgiveness Application

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 Announces Second Quarter 2020 Financial Results

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.

Open Letter to the Community During COVID-19

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.

SBA Paycheck Protection Program 06.18.2020

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.

SBA Paycheck Protection Program 05.05.2020

The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020. At this time, Pacific Valley Bank will continue to accept PPP applications from existing clients and known businesses in Monterey County.

FDIC
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