Pacific Valley Bancorp Announces a $3 million Share Repurchase Program

PACIFIC VALLEY BANCORP has announced the approval of a share repurchase program by its Board of Directors. The program authorizes the company to repurchase up to $3 million of common stock in the open market or through privately negotiated transactions, although it does not obligate the company to repurchase any specified number of shares.

The company will determine the timing and price of repurchases based on a variety of factors, including market conditions, share price, regulatory requirements, and corporate liquidity. The share repurchase program is set to remain in effect until July 31, 2028, unless adjusted by the Board of Directors.

Joseph Robello, Chairman of the Board of Directors, stated, "This share repurchase program reflects our confidence in our financial strength and the long-term value of our company. The program represents a proactive and strategic use of capital, reinforcing our commitment to enhancing shareholder value while maintaining the flexibility to invest in future growth."

The repurchases will be funded from internal sources and will comply with federal and state securities laws and bank regulations. The program may be suspended, terminated, or modified at any time without notice.

PACIFIC VALLEY BANCORP serves as the bank holding company for Pacific Valley Bank, which began operations in September 2004. The bank operates four locations in California, offering a range of banking products and services, including credit and deposit services to small and medium-sized businesses, agriculture-related businesses, non-profit organizations, and individuals.

This announcement may contain forward-looking statements subject to various risks and uncertainties that could lead to actual results differing from projections. Factors affecting these statements include economic conditions, changes in the competitive environment, and regulatory changes, among others.