North Valley Bancorp

North Valley Bancorp
Public company
Traded as NASDAQ: NOVB[1]
Industry Financial services
Founded 1972[2]
Headquarters Redding, California
Key people
 J. Wells
(Chairman)
Michael Cushman
(President & CEO)[3]
Increase US$ 33.731 million (2012)[4]
Increase US$ 6.290 million (2012)[4]
Total assets Increase US$ 902.343 million (2012)[4]
Total equity Increase US$ 96.161 million (2012)[4]
Number of employees
 319 (2013)[5]
Website www.northvalleybank.com

North Valley Bancorp is a bank holding company headquartered in California. The company provides financial and banking services through the operation of its subsidiaries which includes North Valley Bank, North Valley Trading Company, North Valley Capital Trust II, North Valley Capital Trust III, and North Valley Capital Statutory Trust IV.[6][7] The services includes deposits, real estate loans, cashier checks, safe deposit boxes and so on.[8]

History

In 1972, North Valley Bank was established as a California-chartered bank.[2]

In February 1973, North Valley Bank commenced business.[9]

In 1980, North Valley Bancorp was incorporated as the holding company for North Valley Bank.[10]

In 2000, North Valley Bancorp completed the acquisition of Six Rivers National Bank.[11]

In 2004, North Valley Bancorp completed the acquisition of Yolo Community Bank.[12]

In June, 2013, North Valley Bancorp authorized stock buyback program of up to 5% of the company's outstanding common shares, or approximately 340,000 shares. Approximately 6,835,000 shares of common stock are outstanding currently.[13]

In 2014 North Valley Bancorp announced that it would be merging with Chico-based Tri Counties Bank.

References

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