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SCVBank Helps Facilitate The Orchards of Santa Paula

SANTA PAULA, CA. February 17, 2012- Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) is pleased to help facilitate the beautiful new senior housing project “The Orchards of Santa Paula”, scheduled to have its formal opening March 1st.  “We provided $1,975,000 in construction and permanent financing” reported President and CEO Cheryl Knight.  “Although the project was well under construction without financing, SCVBank was happy and privileged to make this project a priority, working with a great team that included Ramsey Jay, executive director of the Santa Paula Housing Authority, and McGillivray Construction, general contractor.”

“At SCVBank we applaud the development of much needed affordable housing to accommodate seniors with disabilities who are still self sufficient.  The project has strong architectural appeal, replacing a blighted project, conserving and re-using materials and emphasizing a green footprint.  The 20 one-bedroom, one-story apartments are Craftsman style, low density with a lovely walking trail and mountain views.  They add to the beauty of our community”.

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 McAdams Wright Ragen, Raymond James, and Wedbush Morgan Securities. 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.


 
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