| Business Summary | | North
Valley
Bancorp
is
a
multi-bank
holding
company,
wholly
owns
its
principal
subsidiaries,
North
Valley
Bank
(NVB),
Six
Rivers
National
Bank,
North
Valley
Trading
Company,
which
is
inactive,
and
Bank
Processing,
Inc.,
a
California
corporation.
NVB
conducts
a
commercial
and
retail
banking
business,
which
includes
accepting
demand,
savings,
money
market
rate
deposit
accounts,
and
time
deposits,
and
making
commercial,
real
estate
and
consumer
loans.
NVB
also
offers
installment
note
collections,
issues
cashier's
checks
and
money
orders,
sells
travelers'
checks
and
provides
safe
deposit
boxes
and
other
customary
banking
services.
NVB
operates
11
banking
offices
in
Shasta
and
Trinity
Counties.
SRNB
is
a
national
banking
association
that
operates
eight
full
service
offices
in
Eureka
(2),
Crescent
City,
Ferndale,
Garberville,
McKinleyville
and
Willits. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NOVB
is
a
bank
holding
company
for
North
Valley
Bank,
which
conducts
commercial
and
retail
banking,
and
Bank
Processing,
Inc.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$19.7
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$11
million.
Net
income
rose
11%
to
$3.1
million.
Net
interest
income
reflects
an
increase
in
the
volume
of
loans
and
a
lower
loan
loss
provision.
Net
income
reflects
increased
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Rudy Balma, 72 Chairman | -- | Michael Cushman, 45 Pres,
CEO, Director | $241K | Edward Czajka, 36 CFO | -- | Jack Richter, 54 COO,
Sr. VP | 139K | Sharon Benson, 47 Sr.
VP, Controller | 114K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|