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SCVBank Elects Terry Martin to Board
SANTA PAULA, CA. October 19, 2006 - Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced the election of long-time Santa Clarita CPA and resident Terry Martin to its Board of Directors.
Bank Chairman Sanger Hedrick, Jr. stated, "We are very enthused about Terry Martin joining our Board. He has been an outstanding member of our advisory board and strong supporter of our Bank. His business acumen coupled with his strong roots in the Santa Clarita Valley will greatly benefit the Bank for years to come."
Mr. Martin is the tax partner of Martin & Coy, CPA's, with over twenty-five years of experience with both international and local accounting firms. His primary responsibilities include federal and state income tax return preparation and income tax planning for closely held corporations, limited liability companies, partnerships, S corporations, individuals, estates and trusts. He also holds California securities and insurance licenses and offers financial planning services to the firm's clients.
Mr. Martin received his Bachelor of Science degree in Accounting from California State University Northridge. He is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. He currently serves as an executive board member of the Child & Family Center. In addition, Terry has previously served as a member of the Board of Directors of the Henry Mayo Newhall Memorial Hospital, Hart High School Education Foundation, and the SCV Chamber of Commerce Education Foundation. He was president of the SCV Chamber of Commerce in 1986.
"I am honored to join the SCVBank board and very excited about the opportunity to help lead a group of banking professionals in their mission to provide exceptional customer service, a business tenant that I have long embraced," said Mr. Martin.
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Founded in 1998, Santa Clara Valley Bank has offices in Santa Paula, Fillmore, and Valencia. Under its stock symbol of SCVE.OB, Santa Clara Valley Bank's stock is traded through Crowell Weedon and Company, Wedbush Morgan Securities, and Howe Barnes Hofer & Arnett. The Bank's web site is www.SCVBank.com.
Santa Clara Valley Bank Corporate Headquarters
901 East Main Street
Santa Paula, California 93060
805-525-1999
Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the United States government, and general economic conditions. Additional information on these and other factors that could affect financial results are included in filings with the Office of the Comptroller of the Currency, Washington, D.C.
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