Type Public company Industry Financial services Number of employees 319 (2013) Parent organization TriCo Bancshares | Traded as NASDAQ: NOVB Founded 1972 Net income 6.29 million USD (2012) Total assets 902.3 million USD (2012) | |
Key people J. Wells
(Chairman)
Michael Cushman
(President & CEO) Total equity US$ 96.161 million (2012) Website www.northvalleybank.com Headquarters Redding, California, United States | ||
North Valley Bancorp is a bank holding company headquartered in California. The company provides financial and banking services through the operation of its subsidiaries which includes North Valley Bank, North Valley Trading Company, North Valley Capital Trust II, North Valley Capital Trust III, and North Valley Capital Statutory Trust IV. The services includes deposits, real estate loans, cashier checks, safe deposit boxes and so on.
History
In 1972, North Valley Bank was established as a California-chartered bank.
In February 1973, North Valley Bank commenced business.
In 1980, North Valley Bancorp was incorporated as the holding company for North Valley Bank.
In 2000, North Valley Bancorp completed the acquisition of Six Rivers National Bank.
In 2004, North Valley Bancorp completed the acquisition of Yolo Community Bank.
In June, 2013, North Valley Bancorp authorized stock buyback program of up to 5% of the company's outstanding common shares, or approximately 340,000 shares. Approximately 6,835,000 shares of common stock are outstanding currently.
In 2014 North Valley Bancorp announced that it would be merging with Chico-based Tri Counties Bank.