Pacific Valley Bank Names William Filippin as Chief Credit Officer

Rhea-AI Summary

Pacific Valley Bank (OTC: PVBK) has appointed William F. Filippin as Chief Credit Officer, bringing over 30 years of community banking experience to the role. Filippin, who previously served as Director of Special Projects at Community West Bank following its merger with Central Valley Community Bank, has extensive expertise in credit risk management, portfolio oversight, and strategic growth.

Prior to the merger, Filippin held executive positions including President and Chief Credit Officer at Community West Bank, where he led strategic initiatives such as the bank's expansion into San Luis Obispo County, portfolio management enhancement, CECL implementation, and credit risk assessment programs. A graduate of California Polytechnic State University and the Graduate School of Banking in Madison, Wisconsin, Filippin has been actively involved in local organizations including the Arroyo Grande Chamber of Commerce.

Positive

• Appointment of seasoned executive with 30+ years of banking experience
• Addition of expertise in credit risk management and portfolio oversight
• Strategic hire with proven track record in local market expansion

Negative

• None.

News Market Reaction

+0.54%

1 alert

+0.54% News Effect

On the day this news was published, PVBK gained 0.54%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SALINAS, Calif., Jan. 27, 2025 /PRNewswire/ -- Pacific Valley Bank (OTC: PVBK) today announced the appointment of William F. Filippin as Chief Credit Officer. Filippin brings over 30 years of community banking experience, with extensive expertise in credit risk management, portfolio oversight, and strategic growth.

"We're thrilled to welcome Bill to Pacific Valley Bank," said Anker Fanoe, CEO of Pacific Valley Bank. "His proven track record in credit administration and deep understanding of the Central Coast market make him the perfect fit for our team. Bill's experienced leadership and commitment to excellence align perfectly with our spirit of Let's Get This Done."

"I'm excited to join Pacific Valley Bank and return to my roots in community banking," said Filippin. "Throughout my career, I've seen firsthand how local decision-making and deep market knowledge can make a real difference for businesses and communities. I'm confident that my experience in credit administration and portfolio management will help Pacific Valley Bank continue its growth while maintaining strong credit quality."

Filippin joins Pacific Valley Bank from Community West Bank, where he most recently served as Director of Special Projects after the merger with Central Valley Community Bank. Prior to the merger, he held several executive positions, including President and Chief Credit Officer, and successfully led multiple strategic initiatives, including Community West Bank's expansion into San Luis Obispo County, portfolio management enhancement, CECL implementation, and credit risk assessment programs.

A California Polytechnic State University graduate, San Luis Obispo, and the Graduate School of Banking in Madison, Wisconsin, Filippin has deep roots in the Central Coast community. His extensive community involvement includes leadership roles with various local organizations including the Arroyo Grande Chamber of Commerce and multiple charitable organizations.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/pacific-valley-bank-names-william-filippin-as-chief-credit-officer-302361131.html

SOURCE Pacific Valley Bank

FAQ

Who is the new Chief Credit Officer at Pacific Valley Bank (PVBK)?

William F. Filippin has been appointed as the new Chief Credit Officer at Pacific Valley Bank (PVBK), bringing over 30 years of community banking experience.

What was William Filippin's previous role before joining PVBK?

Before joining PVBK, Filippin served as Director of Special Projects at Community West Bank following its merger with Central Valley Community Bank.

What strategic initiatives did Filippin lead at Community West Bank?

At Community West Bank, Filippin led several strategic initiatives including expansion into San Luis Obispo County, portfolio management enhancement, CECL implementation, and credit risk assessment programs.

What experience does PVBK's new Chief Credit Officer bring to the role?

William Filippin brings over 30 years of community banking experience, with expertise in credit risk management, portfolio oversight, and strategic growth, plus extensive knowledge of the Central Coast market.