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SCVBank Announces the Appointment of Cheryl L. Knight as President and Chief Executive Officer

SANTA PAULA, CA. November 15, 2011 – Santa Clara Valley Bank (SCVBank;OTC BB: SCVE.OB) today announced that Cheryl L. Knight has been appointed President and Chief Executive Officer. Ms. Knight previously served the Bank as Executive Vice President, Chief Operating Officer, and Chief Credit Officer. She has been a Ventura resident for over 13 years. Ms. Knight has served for 8 years as a Director for California Reinvestment Corporation, a non-profit dedicated to financing low to moderate income housing in the area. 

Ms. Knight has previously held the titles of Executive Vice President and Chief Credit Officer at Montecito Bank and Trust, as well as EVP/ Chief Risk Officer for First California Bank.   She has held several other management positions at other financial institutions including Union Bank and Wells Fargo.  Ms. Knight was also employed by Deloitte & Touche as a financial management consultant.

As a senior officer of Montecito Bank and Trust for nine years, Ms. Knight led the credit function of the $750 million bank that has performed at a high level, assisting in the achievement of a rating of Super Premier Performing Bank by Findley Reports.

Chairman of the Board Ralph De Leon stated, “We are delighted that Ms. Knight has accepted the appointment and are looking forward to a successful future under her very able leadership.”

Founded in 1998, SCVBank currently operates three branches in Santa Paula, Fillmore, and Valencia.  Under its stock symbol of SCVE.OB, SCVBank’s stock is traded through McAdams Wright Ragen, Howe Barnes Hofer & Arnett, and Monroe Securities.  The Bank's web site is www.SCVBank.com.

Santa Clara Valley Bank Corporation Headquarters
901 East Main Street
Santa Paula, California  93060
805 525-7847

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, and 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.


 
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