Pacific Valley Bank Appoints Banking Veteran David V. Heald to Board of Directors

Rhea-AI Summary

Pacific Valley Bank (OTC: PVBF) has appointed David V. Heald to its Board of Directors, bringing nearly five decades of banking experience. Heald's notable achievements include growing Santa Cruz County Bank from $13.2 million to $1.6 billion in assets during his tenure as President, CEO, and Vice Chairman from 2004 to 2020.

Prior to this, Heald was a founding executive at Coast Commercial Bank, where he served as Chief Credit Officer and Chief Banking Officer, helping grow the institution from $3.2 million initial capitalization to a $100 million sale. He currently serves on several boards, including the Menlo College Board of Trustees, California Bankers Association Bankers Benefit Board, and California Community Bankers Network Board.

Positive

• Addition of experienced banking executive with proven track record of growing bank assets
• Demonstrated success in scaling community banks (Santa Cruz County Bank growth from $13.2M to $1.6B)
• Strategic expertise in bank startups and successful exits (Coast Commercial Bank $3.2M to $100M sale)

Negative

• None.

SALINAS, Calif., Jan. 28, 2025 /PRNewswire/ -- Pacific Valley Bank (OTC: PVBF) today announced the appointment of David V. Heald to its Board of Directors. Heald brings nearly five decades of banking experience, including significant expertise in community banking leadership and successful bank startups.

"We are exceptionally pleased to welcome David to our Board of Directors," said Anker Fanoe, CEO of Pacific Valley Bank. "His remarkable track record of building and leading successful community banks, particularly his achievement in growing Santa Cruz County Bank from $13.2 million to $1.6 billion in assets, brings invaluable expertise to our board. David's deep understanding of our market, combined with his strategic vision and community leadership, will be instrumental in guiding our bank's continued growth and success."

Heald's distinguished career includes founding and leading Santa Cruz County Bank as President, CEO, and Vice Chairman from 2004 to 2020. Previously, he was a founding executive of Coast Commercial Bank, where he served as Chief Credit Officer and Chief Banking Officer, helping grow the institution from its $3.2 million initial capitalization to its eventual $100 million sale.

"I've long admired Pacific Valley Bank's commitment to community banking and its mission of serving local businesses," said Heald. "I'm thrilled to join this exceptional board and look forward to contributing to the bank's continued growth and success. The bank's focus on local decision-making and community engagement perfectly aligns with my vision of what makes community banks vital to economic growth."

Currently, Heald serves on several prestigious boards, including the Menlo College Board of Trustees, California Bankers Association Bankers Benefit Board, and California Community Bankers Network Board. His deep community involvement includes active roles with the Cabrillo College Foundation and Santa Cruz Rotary Club.

About Pacific Valley Bank
Pacific Valley Bank (OTC: PVBK) is a full-service community business bank headquartered in Salinas, California. The bank is dedicated to supporting local businesses and fostering economic growth in the communities it serves. For more information, visit www.pacificvalleybank.com.

FOR MORE INFORMATION CONTACT:
Anker Fanoe, Chief Executive Officer
Pacific Valley Bank
(831) 422-5300
Anker.Fanoe@pacificvalleybank.com

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SOURCE Pacific Valley Bank

FAQ

Who is David V. Heald and what experience does he bring to PVBF's board?

David V. Heald is a banking veteran with nearly 50 years of experience, who previously led Santa Cruz County Bank from 2004 to 2020, growing it from $13.2 million to $1.6 billion in assets. He was also a founding executive at Coast Commercial Bank.

What positions did David V. Heald hold at Santa Cruz County Bank?

David V. Heald served as President, CEO, and Vice Chairman of Santa Cruz County Bank from 2004 to 2020.

What boards does David V. Heald currently serve on?

David V. Heald serves on the Menlo College Board of Trustees, California Bankers Association Bankers Benefit Board, and California Community Bankers Network Board.

How did David V. Heald perform at Coast Commercial Bank?

As Chief Credit Officer and Chief Banking Officer at Coast Commercial Bank, Heald helped grow the institution from $3.2 million initial capitalization to its eventual $100 million sale.