SUN VALLEY, Calif., June 5,
2012 /PRNewswire/ -- Mission Valley Bancorp (parent
company of Mission Valley Bank (OTCBB: MVLY)) announced that
investment professional John Miller
has been elected to the Board of Directors for both the Bancorp and
the Bank.
President and CEO, Tamara Gurney
stated, "With the recent departure of long time Board Member John
Richardson, we had an opening on our Board of Directors. We
immediately thought of John Miller,
who was an original investor in our Bank. He has followed us
closely over the years, and is very familiar with our
organization." Since 2000, Mr. Miller has provided financial
advisory and consulting services to a number of community
banks. In addition, he has monitored and invested in numerous
community banks around the Country, primarily in the West, and has
served on several bank boards. "I am confident that his
experience and knowledge of the industry will prove very beneficial
to Mission Valley, particularly in these challenging times, and we
are excited to welcome him to our team," Gurney said. Mr.
Miller earned a Bachelor's Degree from the University of Notre Dame in Economics and
Philosophy.
Mission Valley Bank is a full-service, independent, commercial
bank specializing in the banking needs of small to medium
businesses in the San Fernando & Santa Clarita Valleys. The
Bank was chartered in July 2001, with
a vision of local ownership and a commitment to providing financial
solutions to meet the needs of its clients. The Bank continues
to far exceed all requirements as a well-capitalized institution
with a Total Risk Based Capital Ratio of 19.2% (as of 3/31/2012) –
far exceeding the federal guideline of 10% to maintain Well
Capitalized status.
Forward-looking statements:
Certain matters discussed in this news release
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
are based upon current management expectations and, therefore, are
subject to certain risks and uncertainties that could cause actual
results, performance, or achievements to differ materially from
those expressed, suggested, or implied by the forward-looking
statements. Forward-looking statements are effective only as of the
date that they are made and Mission Valley Bank assumes no
obligation to update this information.
www.MissionValleyBank.com
SOURCE Mission Valley Bancorp
