#United States #Salinas, California #Pacific Valley Bank #Community Banking #David Heald

Pacific Valley Bank Expands Leadership with Appointment of David V. Heald

On January 31, 2025, Pacific Valley Bank (OTC: PVBF) made a significant announcement regarding the enhancement of its Board of Directors with the appointment of David V. Heald. Bringing nearly five decades of banking expertise, Heald’s rich background in community banking positions him as a valuable asset to the bank.

A Proven Track Record in Banking

David Heald is recognized for his distinguished career in the financial sector, particularly known for his impressive tenure at the Santa Cruz County Bank where he served as President, CEO, and Vice Chairman from 2004 until 2020. Under his leadership, the bank experienced remarkable growth, skyrocketing its assets from just $13.2 million to an astounding $1.6 billion. His experience doesn’t stop there; as a founding executive at Coast Commercial Bank, he played a pivotal role in leading the institution from a modest $3.2 million initial capitalization to its successful sale for $100 million.

A Vision for Community Banking

Expressing his enthusiasm about joining the board, Heald commented, "I've long admired Pacific Valley Bank's commitment to community banking and its mission of serving local businesses. The bank's focus on local decision-making and community engagement aligns perfectly with my vision of what makes community banks vital to economic growth." His understanding of the local market, combined with his strategic insights, is expected to drive the bank's trajectory beyond its current successes.

Endorsements from Leadership

The CEO of Pacific Valley Bank, Anker Fanoe, expressed satisfaction regarding Heald's addition to the board. Fanoe stated, "We are exceptionally pleased to welcome David. His remarkable track record in building and leading successful community banks is invaluable to our board. David's deep community involvement and understanding of the market will be instrumental in guiding our bank's continued growth and success."

Involvement Beyond Banking

Beyond his role at Pacific Valley Bank, Heald is actively involved in several prestigious boards, including the Menlo College Board of Trustees and the California Bankers Association Bankers Benefit Board. His community participation extends to organizations like the Cabrillo College Foundation and the Santa Cruz Rotary Club, marking him as a dedicated contributor to community growth.

About Pacific Valley Bank

Founded as a full-service community business bank in Salinas, California, Pacific Valley Bank emphasizes supporting local businesses and fostering economic growth within the community it serves. The incorporation of experienced professionals like David V. Heald indicates the bank's ongoing commitment to enhancing local financial services.

With an unwavering focus on community, Pacific Valley Bank continues to reshape its leadership and strategic direction, ensuring it aligns with the needs of its clientele and contributes positively to economic growth.

For more information about their offerings and services, visit their official website at www.pacificvalleybank.com.