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Section 1: 8-K (8-K)

Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report: November 20, 2019
(Date of earliest event reported)

Central Valley Community Bancorp
(Exact name of registrant as specified in its charter)
 
CA
(State or other jurisdiction
of incorporation)
000-31977
(Commission File Number)
77-0539125
(IRS Employer
Identification Number)
 
7100 N. Financial Dr., Ste. 101, Fresno, CA
(Address of principal executive offices)
 
93720
(Zip Code)
559-298-1775
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former Name or Former Address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act  o





Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 20, 2019, the board of directors of Central Valley Community Bancorp (the “Company”) and Central Valley Community Bank (the “Bank”) appointed Dorothea Silva to fill a new position on the boards of directors of the Company and the Bank effective as of December 1, 2019. There are no arrangements or understandings between Ms. Silva and any other person pursuant to which Ms. Silva became a director. Ms. Silva is not a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K. It has not been determined on what committees of the boards of directors Ms. Silva will be appointed.

The Company’s press release announcing the appointment of Ms. Silva is filed herewith as Exhibit 99.1 and is incorporated herein by reference.


Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
            None
(b) Pro forma financial information:
            None
(c) Shell company transactions:
            None
(d) Exhibits
            99.1       Press release dated November 25, 2019




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:
November 25, 2019
CENTRAL VALLEY COMMUNITY BANCORP

By:  /s/ David A. Kinross                   
      David A. Kinross
      Executive Vice President and Chief Financial Officer (Principal
      Accounting Officer)

Exhibit Index
Exhibit No.
Description
99.1
 
 




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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit

401220053_logoimage1a02.jpg
FOR IMMEDIATE RELEASE

CONTACT:    Debbie Nalchajian-Cohen
(559) 222-1322


CENTRAL VALLEY COMMUNITY BANCORP APPOINTS
DOROTHEA SILVA TO ITS BOARD OF DIRECTORS
    
FRESNO, CALIFORNIA…November 25, 2019…The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), announced today the appointment of Dorothea D. Silva, CPA, to the Company’s and Bank’s Board of Directors effective December 1, 2019.
“We’re very pleased to welcome Dorothea to our Boards,” said James M. Ford, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank. “The relationships and trust of our clients are of paramount importance to us, and it is equally important that Board members exemplify the core tenets that we collectively value. We are fortunate to be able to attract individuals such as Dorothea, an accomplished leader in her industry with a diverse background who brings new perspectives and strength as a financial expert to our well-established Board and Audit Committee.”
Based in Sacramento, Dorothea is a certified public accountant (CPA) with over 20 years of tax and accounting experience. Prior to her position as principal of Avaunt Ltd. CPAs and Consultants, she was a partner with Chavez Silva & Co. She also held positions at Williams & Olds CPA and Arthur Andersen. Her strengths abound in the diverse industry knowledge of the clients she serves, including financial services, construction, real estate, food processing, manufacturing, retail, professional services and an array of nonprofits. 


-more-



Central Valley Community Bancorp – Page 2



In her community, Dorothea currently serves as the Audit Committee Chair for the Girl Scouts Heart of Central California, she is an active member and former Scholarship Committee and Student Liaison for the California Society of CPAs, and is a member of Business Networking International. She has also had involvement as an Adjunct Accounting Professor for American River Community College, and has served as a public speaker for a variety of Accounting industry conferences and events.
Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank operates 20 full-service offices throughout California’s San Joaquin Valley and Greater Sacramento Region. Additionally, the Bank maintains Commercial Real Estate, Agribusiness and SBA Lending Departments. Central Valley Investment Services are provided by Raymond James Financial, Inc.
Members of Central Valley Community Bancorp’s and the Bank’s Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Vice Chairman), Edwin S. Darden, Jr., F. T. “Tommy” Elliott, IV, James M. Ford, Robert J. Flautt, Gary D. Gall, Steven D. McDonald, Louis C. McMurray, Karen Musson, Dorothea D. Silva and William S. Smittcamp. Sidney B. Cox is Director Emeritus.
More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.               
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Photo Attachment:
Dorothea Silva,
Board Member, Central Valley Community Bancorp and Bank



Central Valley Community Bancorp – Page 3



401220053_dorotheasilvaboardmembercent.jpg

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