TRVB Finra Deleted Symbol

http://otce.finra.org/DLDeletions

"Stock merger; TRVB acquired by Heritage Commerce Corp. (NASDAQ: HTBK); for every 1 share of TRVB shareholders have the right to receive 0.0489 shares of HTBK"

Another deal in the books for Taylor.

Heritage Commerce Corp and Tri-Valley Bank Agree to Merge
Conference Call: Thursday, December 21, 2017, 9:00 am PST/12:00 noon EST
SAN JOSE, Calif., Dec. 20, 2017 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ:HTBK) (“Heritage”), the parent company of Heritage Bank of Commerce, and Tri-Valley Bank (OTCBB:TRVB) (“Tri-Valley”) today jointly announced the execution of a definitive agreement and plan of merger and reorganization (the “Agreement”) whereby Tri-Valley will merge into Heritage Bank of Commerce in a transaction valued at approximately $31.6 million. Heritage will issue approximately 1.9 million of its shares of common stock in the merger. Tri-Valley is a full-service California state-chartered commercial bank with branches in San Ramon and Livermore, California and serves businesses and individuals primarily in the counties of Contra Costa and Alameda in Northern California. As of September 30, 2017, Tri-Valley had $147.2 million in total assets.

Shareholders of Tri-Valley will receive a fixed exchange ratio of 0.0489 of a share of Heritage common stock for each share of Tri-Valley common stock. Based on the 20-day volume weighted average Heritage stock price of $15.76 as of the close of the market on December 19, 2017, the last trading day before this announcement, total consideration for each Tri-Valley share would be $0.77.

The board of directors of both companies approved the transaction, which is subject to customary conditions, including the approvals of bank regulatory agencies and the shareholders of Tri-Valley. Heritage does not need to obtain shareholder approval.

“We are excited about the acquisition of Tri-Valley Bank, which represents the continuation of our strategic growth in the San Francisco Bay area and offers an opportunity to further expand our presence within our existing market footprint,” said Walter Kaczmarek, President and Chief Executive Officer of Heritage. “We expect the merger to close during the second quarter of 2018 and to be accretive to tangible book value and earnings, after transaction costs have been assimilated. Tri-Valley Bank has a reputation for professional excellence, and we are delighted to welcome their customers, shareholders and employees to Heritage.”

“We consider Heritage Bank of Commerce to be the premier community bank in the Bay Area,” remarked Arnold T. Grisham, Tri-Valley President, Chairman and Chief Executive Officer. “We are pleased to join their organization. We believe that all of our constituents, customers, shareholders and employees will benefit from the larger scale and shared commitment to community banking. Heritage has a track record of strong performance, and we are excited to combine with their growing banking franchise.”

As of September 30, 2017, on a pro forma consolidated basis, the combined company would have approximately $3.0 billion in total assets.

The transaction is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes and Tri-Valley shareholders are not expected to recognize gain or loss to the extent of the stock consideration received. Giving effect to the transaction, existing shareholders of Heritage are expected to own approximately 95.2% of the outstanding shares of the combined company and Tri-Valley shareholders are expected to own approximately 4.8%.

MJC Partners, LLC, was the financial advisor to Heritage in the transaction and delivered a fairness opinion to the board of Heritage. Buchalter, a professional corporation, Los Angeles, California, was legal counsel to Heritage. FIG Partners acted as financial advisor to Tri-Valley and delivered a fairness opinion to the board of Tri-Valley. Sheppard Mullin Richter & Hampton LLP, San Francisco, California was legal counsel to Tri-Valley.

Conference Call

Heritage Management will host a conference call regarding this announcement on Thursday, December 21, 2017, at 9:00 a.m. Pacific Standard Time (12:00 noon Eastern Standard Time). Investment professionals and all current and prospective shareholders are invited to access the live call by dialing 1-888-317-6016 immediately prior to the call and ask for the Heritage Commerce Corp conference call. From Canada, please dial 1-855-669-9657. To listen to the call online, either live or archived, visit Heritage’s website at www.heritagecommercecorp.com.

An investor presentation in connection with the transaction will be filed with the Securities and Exchange Commission (“SEC”) and will be available on Heritage’s website at www.heritagecommercecorp.com under the link for “Presentations” and on Tri-Valley’s website at www.trivalleybank.bank under the link for “Information/News.”

ABOUT HERITAGE COMMERCE CORP AND HERITAGE BANK OF COMMERCE

Heritage Commerce Corp, a California corporation organized in 1998, is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Heritage provides a wide range of banking services through Heritage Bank of Commerce, a wholly-owned subsidiary. Heritage Bank of Commerce is a California state-chartered bank headquartered in San Jose, California and has been conducting business since 1994. Heritage is a multi-community independent bank that offers a full range of commercial banking services to small and medium-sized businesses and their owners and employees. Heritage operates through 11 full service branch offices located in the counties of Santa Clara, Alameda, Contra Costa, and San Benito, which are in the southern and eastern regions of the general San Francisco Bay Area of California. Our market includes the headquarters of several technology-based companies in the region commonly known as “Silicon Valley.” Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in Santa Clara, CA and provides business-essential working capital factoring financing to various industries throughout the United States.

To view Heritage Commerce Corp’s most recent financial information, please visit the Presentations section of the company’s website at www.heritagecommercecorp.com.

ABOUT TRI-VALLEY BANK

Tri-Valley Bank is a full service commercial bank headquartered in San Ramon, California, and serves businesses, non-profits, entrepreneurs and professionals primarily in California’s Tri-Valley area, specifically the cities and communities of Pleasanton, Livermore, Dublin, San Ramon and Danville in the counties of Contra Costa and Alameda. At September 30, 2017, Tri-Valley Bank had approximately $147.2 million in assets, $122.1 million in net loans and $126.6 million in deposits. Tri-Valley Bank currently operates two full service branches located in San Ramon and Livermore, California.

To view Tri-Valley Bank’s most recent financial information, please visit the Information/News section of the company’s website at www.trivalleybank.bank.

ADDITIONAL INFORMATION ABOUT THE PROPOSED TRANSACTION AND WHERE TO FIND IT

Investors and security holders are urged to carefully review and consider each of Heritage’s public filings with the SEC, including but not limited to its Annual Reports on Form 10-K, its Proxy Statements, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. The documents filed by Heritage with the SEC may be obtained free of charge at Heritage’s website at www.heritagecommercecorp.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from Heritage by requesting them in writing to Heritage Commerce Corp, 150 Almaden Boulevard, San Jose, California 95113; Attention: Corporate Secretary, or by telephone at (408) 947-6900.

Heritage intends to file a registration statement with the SEC which will include a proxy statement of Tri-Valley and a prospectus of Heritage and Heritage may file other documents regarding the proposed transaction with the SEC. Before making any voting or investment decision, investors and security holders of Tri-Valley are urged to carefully read the entire registration statement and proxy statement/prospectus, when they become available, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. A definitive proxy statement/prospectus will be sent to the shareholders of Tri-Valley seeking any required shareholder approvals. Investors and security holders will be able to obtain the registration statement and the proxy statement/prospectus free of charge from the SEC’s website or from Heritage by writing to the address provided in the paragraph above.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking information about Heritage, Tri-Valley, and the combined company after the close of the Merger and is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Such statements involve inherent risks, uncertainties, and contingencies, many of which are difficult to predict and are generally beyond the control of Heritage, Tri-Valley and the combined company. Heritage cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. In addition to factors previously disclosed in reports filed by Heritage with the SEC, risks and uncertainties for each institution and the combined institution include, but are not limited to: lower than expected revenues; credit quality deterioration or a reduction in real estate values could cause an increase in the provision for credit losses and allowance for credit losses and a reduction in net earnings; increased competitive pressure among depository institutions; the ability to complete the Merger, including by obtaining regulatory approvals and approval by the shareholders of Tri-Valley; successfully integrate, or achieve expected beneficial synergies and/or operating efficiencies, in each case within expected time-frames or at all; regulatory approvals may not be received on expected timeframes or at all; the possibility that personnel changes/retention will not proceed as planned; the possibility that a change in the interest rate environment may reduce net interest margins; higher than anticipated operating expenses; the effectiveness of our risk management framework, asset/liability re-pricing risks and liquidity risks; the costs and effects of legal, compliance, and regulatory actions, changes and developments, including the impact of adverse judgments or settlements in litigation, the initiation and resolution of regulatory or other governmental inquiries or investigations, changes in law or regulations, including tax laws, the results of regulatory examinations or reviews; general economic conditions, either nationally or in the market areas in which the entities operate or anticipate doing business, are less favorable than expected; and other risk factors described in documents filed by Heritage with the SEC.

CONTACT:

Heritage Commerce Corp
Lawrence D. McGovern
Executive Vice President and CFO
(408) 494-4562

Tri-Valley Bank
Arnold T. Grisham
Chairman, President and CEO
(925) 791-4365

Marker:
Tri-valley Bank (ram (TRVB)
$0.65 0.0 (0.00%)
Volume: 0

Marker,
Tri-valley Bank (ram (TRVB)
$0.75 up 0.15 (25.00%)
Volume: 375

Tri-Valley Bank Announces Third Quarter 2016 Earnings and Record Loan and Deposit Growth

Business Wire October 21, 2016

SAN RAMON, Calif.--(BUSINESS WIRE)--

Tri-Valley Bank (TRVB) today announced unaudited earnings for the third quarter ended September 30, 2016. Financial performance highlights include the following:

-Loans: Total loans as of September 30, 2016 reached a record $107.1 million, an annual increase of $24.3 million compared to September 30, 2015, a 29% annual increase, and an increase of $6.4 million over total loans at June 30, 2016.

- Deposits: Total deposits as of September 30, 2016 reached a record $121.0 million, an increase of $30.0 million from September 30, 2015, a 33% annual increase, and an increase of $13.0 million from June 30, 2016. The Federal Reserve increased the Fed Funds rate in December, 2015 and the Bank’s cost of funds has not risen and was 0.29% in the year-to-date period ending September 30, 2016, which was unchanged from the 0.29% cost of funds for the same year-to-date period ending September 30, 2015.

- Net Income/Loss: The year-to-date net income at September 30, 2016 was $175,000, an improvement of $184,000 compared to the year-to-date net loss of $9,000 at September 30, 2015. Net loss for the third quarter of 2016 was $62,000 compared to net income of $118,000 for the second quarter of 2016. The net loss incurred this quarter was attributed to a one-time fraud related operational loss of $145,000.

- Capital: The tier 1 leverage ratio at September 30, 2016 was 10.23% compared to 11.51% at September 30, 2015, and 10.46% at June 30, 2016.

- Loan Delinquencies: As of September 30, 2016, there were no loans past due 30+ days, and no loans on non-accrual.

“The Bank’s record loan and deposit growth show our commitment to our customers and communities and sets the stage for significant earnings growth in 2017,” said Arnold Grisham, Chairman, President and CEO. “We are pleased to service the markets of Livermore, and the 680 and 880 East Bay corridors, and are proud to provide banking services to a full range of professionals and business owners, non-profit organizations and property management companies.”

[....]

To view basic financials on this PR click the link;

http://finance.yahoo.com/news/tri-valley-bank-announces-third-120000285.html

*The Outstanding share count as of 11/17/2016 stands at 39,080,961.

http://www.otcmarkets.com/stock/TRVB/profile

**FDIC # is 58004

Marker;
Tri-valley Bank (ram (TRVB)
$0.50 down -0.01 (-1.96%)
Volume: 13,200

Tri-Valley Bank Announces Record Earnings for First Half 2016 (7/28/16)

SAN RAMON, Calif.--(BUSINESS WIRE)--Tri-Valley Bank (OTC:TRVB) today announced unaudited earnings for the second quarter ended June 30, 2016. Financial performance highlights include the following:

Net Income/Loss: The year to date net income at June 30, 2016 was $237,000, a record for the Bank and an improvement of $250,000 compared to the year to date net loss of $13,000 at June 30, 2015. Net income for the second quarter of 2016 was $118,000 compared to $119,000 for the first quarter of 2016.

• Loans: Total loans as of June 30, 2016 were $100.8 million, an increase of $18.0 million compared to June 30, 2015 a 22% annual increase, and an increase of $1.2 million over total loans at March 31, 2016.

• Deposits: Total deposits as of June 30, 2016 were $108.0 million, an increase of $15.8 million from June 30, 2015 a 17% annual increase, and a decrease of $1.8 million from March 31, 2016. The cost of funds was 0.29% in the first half of 2016 compared to 0.28% in the first half of 2015.

• Capital: The tier 1 leverage ratio at June 30, 2016 was 10.46% compared to 10.26% at June 30, 2015, and 11.10% at March 31, 2016.

• Loan Delinquencies: As of June 30, 2016, there was one loan with an outstanding balance of $1.2 million past due 30+ days. Loans on non-accrual totaled $4,000.

“The Bank’s positive net income trends driven by loan and deposit growth show our commitment to our customers,” said Arnold Grisham, Chairman, President and CEO. “We are pleased to service the markets of Livermore, and the 680 and 880 East Bay corridors, and are proud to provide banking services to a full range of professionals and business owners, non-profit organizations and property management companies.”

[tables deleted]

http://www.businesswire.com/news/home/20160728005235/en/

Tri-Valley Bank Announces Record First Quarter 2016 Earnings (4/26/16)

SAN RAMON, Calif.--(BUSINESS WIRE)--Tri-Valley Bank (OTC: TRVB) today announced unaudited earnings for the first quarter ended March 31, 2016. Financial performance highlights include the following:

Net Income/Loss: Net income for the first quarter of 2016 was $119,000, an improvement of $172,000 over the quarterly net loss of $53,000 for the first quarter of 2015, and an improvement of $69,000 from the $50,000 in net income in the fourth quarter 2015. The net interest margin in the first quarter of 2016 was 3.60% compared to 3.31% in the fourth quarter of 2015.

• Loans: Total loans at March 31, 2016 were $99.6 million, an increase of $16.3 million over March 31, 2015 and an increase of $5.4 million over total loans at December 31, 2015.

• Deposits: Total deposits as of March 31, 2016 were $109.9 million, an increase of $23.3 million from March 31, 2015, and an increase of $9.7 million from December 31, 2015. The cost of funds was 0.29% in first quarter of 2016 compared to 0.28% in the first quarter of 2015.

• Capital: The tier 1 leverage ratio at March 31, 2016 was 11.10% compared to 9.72% at March 31, 2015, and 11.85% at December 31, 2015.

• Loan Delinquencies: As of March 31, 2016, there were no loans past due 30+ days. Loans on non-accrual totaled $13,000.

“The Bank’s record net income in the first quarter and the positive net income trends driven by loan and deposit growth show our commitment to our customers, and the value we’re building through the personal service we provide,” said Arnold Grisham, Chairman, President and CEO. “We are pleased to service the markets of Livermore, and the 680 and 880 East Bay corridors, and are proud to provide banking services to a full range of professionals and business owners; non-profit organizations and property management companies.”

http://www.businesswire.com/news/home/20160426005335/en/Tri-Valley-Bank-Announces-Record-Quarter-2016-Earnings

Tri-Valley Bank Announces Fourth Quarter 2015 Earnings (1/27/16)

Tri-Valley Bank (TRVB) today announced unaudited earnings for the fourth quarter ended December 31, 2015. Financial performance highlights include the following:

• Loans: Total loans at December 31, 2015 were $94.2 million, an increase of $18.1 million over December 31, 2014, and a quarterly increase of $11.4 million from September 30, 2015.

• Net Income/Loss: Net income for the fourth quarter of 2015 was $50,000, an increase of $45,000 compared to net income of $5,000 for the third quarter of 2015. The year to date net income at December 31, 2015 was $41,000, a $282,000 improvement from the year to date net loss of $241,000 at December 31, 2014. The year over year growth in loans and non interest bearing deposits helped increase the net interest margin in the year to date period at December, 31 2015 to 3.55% compared to 3.39% for the year to date period at December 31, 2014.

• Capital: The Bank’s tier 1 leverage ratio at December 31, 2015 was 11.85% compared to 9.79% at December 31, 2014.

• Deposits: Total deposits as of December 31, 2015 were $100.2 million, an increase of $9.0 million from September 30, 2015, and an increase of $17.9 million from $82.3 million at December 31, 2014. Non-Interest bearing deposits at December 31, 2015 were $27.1 million, 27% of total deposits and an increase of $7.5 million compared to December 31, 2014.

• Loan Delinquencies: As of December 31, 2015, there were no loans past due 30-60 days. Loans on non-accrual totaled $22,000.

“2015 marks a milestone year for Tri-Valley Bank with many notable accomplishments,” said Arnold Grisham, Chairman, President and CEO. “The Consent Order from 2010 was terminated by the Bank’s primary regulators in September. Net loans grew 24% year over year to end at record levels, and have increased 71% from $55.1 million at the end of 2010. Net income for 2015 was $41 thousand compared to a net loss of $2.5 million in 2010. The Bank continues to build a strong deposit base with 27% of total deposits in non interest bearing accounts. Total deposits increased 22% year over year, and have increased 81% from $55.4 million at the end of 2010. Non-Interest bearing balances increased 38% year over year and grew by 159% from $10.5 million at the end of 2010. This helped to decrease the Bank’s cost of funds to .29% in 2015 from .89% for 2010. Asset quality has dramatically improved with the Bank’s ratio of non-accrual loans, loans 90+ days delinquent and OREO to capital and loan loss provision (Texas ratio) declining to 13% at the end of 2015 from 88% at the end of 2010, and a peak of 130% in the middle of 2011. Lastly, capital has improved with the Bank’s total tier 1 leverage ratio increasing to 11.8% at the end of 2015 compared to 7.3% at the end of 2010.”

“All of these improvements are indicative of our success and dedication to providing best in class banking services to the markets of Livermore, and the 680 and 880 East Bay corridors. We are proud to provide banking services to a full range of professionals and business owners; non-profit organizations and property management companies in the East Bay.”

Tri-Valley Bank Responds to Shareholder’s Letter Offering to Purchase Shares

December 21, 2015 04:15 PM Eastern Standard Time
SAN RAMON, Calif.--(BUSINESS WIRE)--Tri-Valley Bank (OTC: TRVB) (the “Bank”) today announced that the Bank has become aware that Gregory A. Solsrud, a Tri-Valley Bank shareholder who owns approximately 9.9% of the Bank’s outstanding shares, has sent a letter to the Bank’s shareholders dated December 7, 2015 in which he offers to purchase shares of the Bank’s common stock for $0.55 per share in cash. Mr. Solsrud has advised the Bank’s Board of Directors that he has sent the letter to all of the Bank’s shareholders of record as of October 31, 2015. Mr. Solsrud’s letter does not state the maximum or minimum number of shares that he is willing to purchase, but Mr. Solsrud has advised the Bank’s Board of Directors that he is willing to purchase a number of shares that would result in him owning 19.9% of the Bank’s outstanding common shares. Mr. Solsrud currently holds 3,847,222 shares or approximately 9.9% of the Bank’s outstanding shares of common stock, making him the Bank’s second-largest shareholder...


http://www.businesswire.com/news/home/20151221006071/en/Tri-Valley-Bank-Responds-Shareholder’s-Letter-Offering-Purchase

They appear to be heading to Dime Town at the moment. I guess their GPS must be on the blink.

Tri-Valley Bank Announces Agreements to Raise $1.35 Million in Private Placement (8/25/15)

SAN RAMON, Calif.--(BUSINESS WIRE)--Tri-Valley Bank (OTC:TRVB) (the “Bank”) announced that it has entered into definitive agreements to sell 3,125,000 shares of its common stock to Gregory Solsrud, and 250,000 shares to two other individual investors through a private placement offering for a total of $1.35 million, or $.40 per share. Subsequent to the closing of this private placement, an existing shareholder will be entitled to exercise anti-dilution rights to purchase up to an additional 814,123 shares of the Bank’s common stock for an additional $325 thousand, also at $.40 per share. On a pro forma basis, the Bank’s Tier 1 leverage ratio would have exceeded 11% if the sale of all shares had been completed as of June 30, 2015.

“This investment signals a vote of confidence in the future of the Bank,” said Arnold Grisham, the Bank’s Chairman, President and Chief Executive Officer. “This capital increase will improve our regulatory capital levels and help us better serve our customer’s borrowing needs as we continue to focus on providing banking services to our local market with great customer service.”

The investments, which have been approved by the Bank’s Board of Directors, are subject to customary closing conditions.

http://www.businesswire.com/news/home/20150825005365/en/Tri-Valley-Bank-Announces-Agreements-Raise-1.35-Million#.Vd24_iGFOUk

All trips to Buckville postponed for an extended period.

It looks like the ride to Buckville is going to bet put off for at least another three months. I doubt that the 2nd quarter numbers, negative, are going to generate much dancing in the streets.

I'm interested in seeing what the 2nd quarter TRVB numbers look like. This "little jewel" appears to be moving in the right direction, the 1st quarter wasn't too bad, and it might not take much to send the pps traveling north to Buckville.

Tri-Valley Bank servicing area Info.

Demographics;

Average people per household: 2.61
Median age of population: 38.9

Unemployment Rate: 4.8%
Job growth in past 1 year: -5.08%
Project job growth next 10 years: 25.04%
Median income of household: $118,740

http://www.homes.com/Home-Prices/CA/SAN-RAMON/

Example of the Housing situation in and around San Ramon, CA where Tri-Valley Bank HQ is located;

http://www.zillow.com/homes/for_sale/San-Ramon-CA/pmf,pf_pt/20337_rid/days_sort/37.885964,-121.821728,37.645772,-122.268047_rect/11_zm/

Marker:
Tri-valley Bank (ram (TRVB)
$0.32 0.0 (0.00%)
Volume: 0

Tri-Valley Bank Announces First Quarter 2015 Earnings

- Net loss for the first quarter of 2015 was $53,000

http://www.streetinsider.com/dr/news.php?id=10505620

Basically a break even quarter, and a seemingly stable bank, slowly continuing their turnaround.

HOW HEALTHY IS THIS BANK?

http://banktracker.investigativereportingworkshop.org/banks/california/san-ramon/tri-valley-bank/

*The bank ended the year with a (-$241K) loss but the good news is the last two qtrs. were profitable. I think the bank may have turned the corner ...which is a good sign going forward!

Marker:
Tri-valley Bank (ram (TRVB)
$0.31 0.0 (0.00%)
Volume: 0

Tri-Valley Bank Announces Fourth Quarter 2014 Earnings (2/03/15)

SAN RAMON, Calif.--(BUSINESS WIRE)--Tri-Valley Bank (OTC:TRVB) today announced unaudited earnings for the fourth quarter ended December 31, 2014. Financial performance highlights include the following:

Net Income/Loss: Net income for the fourth quarter of 2014 was $42,000, an improvement of $32,000 over the quarterly net income of $10,000 for the third quarter of 2014. The year to date net loss in 2014 was $241,000, an improvement of $1.368 million compared to the full year net loss of $1.609 million in 2013. Net income in the fourth quarter was positively impacted by a one time item of $134,000 increasing non-interest income in the quarter.

• Capital: The tier 1 leverage ratio at December 31, 2014 was 9.79% compared to 8.25% at December 31, 2013. The increase in capital included the closing of $1.475 million in additional capital raised in a previously announced private placement in the fourth quarter 2014. The Bank expects to raise an additional $1.025 million in 2015 from the same offering once certain regulatory approvals are received.

• Loan Growth: Total loans at December 31, 2014 were $76.1 million, an increase of $5.0 million over December 31, 2013 and an increase of $1.0 million over the third quarter of 2014.

• Loan Delinquencies: As of December 31, 2014, there were no loans past due over 30 days. Loans on non-accrual totaled $58,000, representing significant improvement over $387,000 at the end of the 2013 and over $3.3 million at year end 2012.

• Deposits: Total deposits as of December 31, 2014 were $82.3 million, down from $86.7 million at the end 2013. Total non-interest bearing deposits at December 31, 2014 were $19.6 million, an increase of $1.1 million from $18.5 million at the end of 2013. The increase in non-interest bearing deposits and the reduction of higher cost deposits resulted in a continued decline in the cost of funds. The cost of funds was 0.27% in 2014 compared to 0.32% for 2013 and 0.50% for 2012.

• San Ramon Branch Relocation: The Bank will be relocating the headquarters and branch in San Ramon to a new location within a mile of the existing branch in mid-February. The new branch will be located at 3160 Crow Canyon Rd., Suite 160, San Ramon, CA 94583. The Bank expects to realize total annual overhead expense reductions of $240,000 in 2015 compared to 2014 relating to the relocation and other expense reduction measures.

“We are proud to report our second consecutive quarterly profit, and we continue to make significant positive strides toward the attainment of sustainable profitability as indicated by the results of the fourth quarter and for the year of 2014.” said Arnold Grisham, Chairman, President and CEO “We consider personal service our focus and are pleased to service the markets of Livermore, and the 680 and 880 East Bay corridors. We are also proud to provide banking services to a full range of professionals and business owners; non-profit organizations and property management companies.”

[tables deleted]

http://www.businesswire.com/news/home/20150203005259/en/Tri-Valley-Bank-Announces-Fourth-Quarter-2014-Earnings#.VNEfhIktGUk

indeed.

Nice deal for Mr. Taylor & Co....and includes warrants!

Win / Win for the bank and it's new investors. Perfect!

Tri-Valley Bank Announces Agreements to Raise $2.5 Million in Private Placement (12/18/14)

SAN RAMON, Calif.--(BUSINESS WIRE)--Tri-Valley Bank (OTC:TRVB) (the “Bank”) announced that it has entered into definitive agreements to sell 7,575,758 million shares of its common stock to Stephen S. Taylor Jr. and two other individual investors through a private placement offering for a total of $2.5 million.

The Bank has agreed to sell 6,060,606 shares and warrants to purchase an additional 2,020,202 shares to Mr. Taylor for aggregate proceeds of $2.0 million. The warrants, which will be exercisable for four years following the date of issuance, will entitle the holder to purchase shares of the Bank’s common stock at the price of $0.33 per share. The Bank separately agreed to sell an additional 1,515,152 shares of common stock without warrants for $500,000, which is $0.33 per share, to two other individuals, including a member of the bank’s Board of Directors. The Bank’s Tier 1 leverage ratio is expected to exceed 10% after the close of the private placement.

After the investment, Mr. Taylor will hold approximately 18% of the Bank’s outstanding common stock and the right to purchase an additional 5.8% upon exercise of the warrants.

The Bank’s book value was $0.31 per share at September 30, 2014.

“This investment signals a vote of confidence in the future of the Bank,” said Arnold Grisham, the Bank’s Chairman, President and Chief Executive Officer. “This capital increase will improve our regulatory capital levels and help us better serve our customer’s borrowing needs as we continue to focus on providing banking services to our local market with great customer service.”

The private placement, which has been approved by the Bank’s Board of Directors, is subject to regulatory approvals and other customary closing conditions. The sale of securities, including the sales of 2,954,545 shares to Mr. Taylor for proceeds of $975,000 and 1,515,152 shares to the two other investors for proceeds of $500,000 in an initial closing, is subject to the Bank’s receipt of a stock permit from the California Department of Business Oversight. The sale of the remaining 3,106,061 shares and all of the warrants to Mr. Taylor for proceeds of $1,025,000 in a second closing is further subject to Mr. Taylor’s receipt of required regulatory approvals.

http://www.businesswire.com/news/home/20141218005084/en/Tri-Valley-Bank-Announces-Agreements-Raise-2.5-Million#.VJL8BVs4

Tri-Valley Bank Announces Third Quarter 2014 Earnings (10/29/14)

SAN RAMON, Calif.--(BUSINESS WIRE)--Tri-Valley Bank (OTCBB:TRVB) today announced unaudited earnings for the third quarter ended September 30, 2014. Financial performance highlights include the following:

Net Income/Loss: The net income for the third quarter of 2014 was $10,000 representing continued improvement over the net loss of $116,000, for the second quarter of 2014. The net loss year to date for 2014 was $283,000 as compared to the 2013 year to date net loss of $1.2 million. Positive net income of $10,000 in the third quarter of 2014 included the benefit of a one time item of $69,000 increasing non-interest income in the quarter.

• Asset Growth: Total assets at September 30, 2014 were $99.7 million, a $2.0 million decrease from $101.7 million at the end of the second quarter 2014 and an increase of $5.2 million over the $94.5 million in total assets at September 30, 2013.

• Loan Growth: Total loans at September 30, 2014 were $75.1 million, an increase of $2.3 million over June 30, 2014 and an increase of $8.5 million over the third quarter of 2013.

• Loan Delinquencies: As of September 30, 2014, there are no loans past due over 30 days. Loans on non-accrual totaled $308,000, an improvement over $333,000 at the end of the second quarter 2014 and a significant improvement over $1.2 million at the end of the third quarter 2013.

• Deposit Growth: Total deposits as of September 30, 2014 were $87.1 million, down from $88.1 million at the end of the second quarter 2014 and an increase of $1.3 million from $85.9 million a year ago at September 30, 2013. The cost of funds for the first three quarters of the year 2014 was .27% as compared to .33% year to date ending September 30, 2013.

“This quarter showed continued improvement in our goal of attaining sustainable profitability, and we are encouraged by the positive trends we continue to see in our business. Loan growth and asset quality continue to improve as we focus on providing banking services to our local market with great customer service,” said Arnold Grisham, Chairman, President and CEO. “Our competitive deposit base and cost of funds, along with steady earning asset growth continue to result in improvement in our financial performance.”

“We consider personal service our focus and are pleased to service the markets of Livermore, the 680 and 880 East Bay corridors. We are also proud to provide banking services to a full range of professionals and business owners; non-profit organizations and property management companies.”

[tables deleted]

http://www.businesswire.com/news/home/20141029005124/en/Tri-Valley-Bank-Announces-Quarter-2014-Earnings#.VJL7RVs4

Looks like it is boom or bust depending on the second round of financing. If they can raise the capital we may have a multi bagger here.. Bought a few for a gamble at .40, looking to add more.

Anyone out there following this?

spread way too wide here.

not at the moment

News out today..you still watching?

its done bud ;o)

Thank's if you can I would appreciate it, got many shares of this.

Abe.

hey bud yeah i think something big is comming here soon you want me to make you an asst here

Hey there!!! I just notice its ur board lol.. Got a nice position of this babe.

i think its going alot higher than that soon i think they have something big on the horizon

.70 pps.. This is a no brainer

who knows maybe another pr tomorrow will send it back to dollars

200% tomorrow

This is very interesting...I like the sound and look of this!

nice news after hours http://ih.advfn.com/p.php?pid=nmona&article=44351297&symbol=NB%5ETRVB