Industry | Banking |
---|---|
Founded | 1972 |
Defunct | October 3, 2014 |
Fate | Acquired by Tri Counties Bank |
Headquarters | Redding, California |
Key people | Michael J. Cushman,
CEO &
President Kevin R. Watson, CFO |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 319 |
Footnotes / references [1] |
North Valley Bancorp was a bank holding company headquartered in Redding, California. The company operated 22 branches. The company was acquired by TriCo Bancshares in October 2014, in a merger valued at more than $178 million. [2]
In September 1972, North Valley Bank was established as a California-chartered bank. The company commenced operations in February 1973. [1]
In 1980, North Valley Bancorp was incorporated as the holding company for North Valley Bank. [1]
In 2000, the company acquired Six Rivers National Bank. [3] [4] [1]
In September 2004, the company acquired Yolo Community Bank for $23 million. [5] [6] [7] [1]
In June 2006, the company merged its two subsidiary banks: North Valley Bank and NVB Business Bank. [8]
In 2007, Sterling Financial Corporation agreed to acquire the company for $196 million in cash and stock, but the merger was cancelled after failing to win regulatory approval. [9] [10]
In October 2014, the company was acquired by Tri Counties Bank for $178.4 million in stock. [11] [12]