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Monday, October 31, 2011

Valley Community Bank Enters Regulatory Agreement

PLEASANTON, Calif., Oct. 31, 2011 /PRNewswire/ -- (OTCBB: VCBC) - Pleasanton-based Valley Community Bank today announced that it has entered into an agreement with the FDIC. Customers and daily operations of the $188 million-asset bank will not be affected by the agreement, which was signed by the Board of Directors on September 23, 2011. "A deteriorating economy and related challenges in our loan portfolio led to this agreement," said Valley Community Bank President and CEO Richard Loupe.  "We...continued
     

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