Oak Valley makes ‘American Banker’ list
Oak Valley Community Bank placed 85th on “American Banker” magazine’s list of the top 200 publicly traded community banks with less than $2 billion in assets. The ranking, based on a three-year average of each bank’s return on average equity, placed Oak Valley Community Bank 9th out of the 26 California banks to achieve this ranking.
“It is an honor to be named on this list of exceptional community banks,” stated Chris Courtney, President and CEO. “To be recognized after a year of unparalleled opportunities and challenges due to the pandemic is especially meaningful. It illustrates our financial strength and performance while highlighting the continued commitment to excellence demonstrated by our team as we serve the needs of our clients and community.”
Over the last 15 months, Oak Valley Community Bank has been focused on providing customers access to credit, particularly through the Paycheck Protection Program (PPP), the special funding initiative designed to help small businesses during the COVID-19 crisis. The bank processed over 1,650 first draw and 920 second draw PPP loans, totaling over $345 million.
Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 17 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop.
MCCV announces new executive director
The Manufacturers Council of the Central Valley has selected Maryn Pitt as its next executive director.
Prior to joining the Council, Pitt worked for the City of Turlock for 15 years, primarily in economic development. She also currently serves as President of the Turlock Rotary Club and is a member of several other boards including the Stanislaus County Workforce Development, CSU Stanislaus Alumni Advisory, and Stanislaus County Continuum System of Care. She has extensive experience in land use, regulatory affairs, and local government.
“Maryn is a positive and energetic leader. Her warmth, collegial style, practical approach to problem solving, along with her passion for the economic vitality of the Central Valley will all be invaluable assets to the Council,” said Manufacturers Council President, Chris Savage. “The board is excited to work with Maryn as our new executive director and confident that the Council will be well positioned under her guidance to thrive in the years to come.”
The Manufacturers Council serves as the collective voice with key regulatory bodies, principally, the San Joaquin Valley Unified Air Pollution Control District. Further, the MCCV participates in the Citizens Advisory Group of Industry, representing as one of a six pack of industries: Manufacturing, agriculture, independent oil producers, poultry, dairy and wine.
“I appreciate the board’s confidence in me, and I’m delighted to have the opportunity to lead such a great organization. The Manufacturers Council provides critical representation for our region’s manufacturers; the life blood of our economy,” Pitt said. “I’m looking forward to working with the MCCV Board and its members to both educate and advocate on their behalf.”
As executive director, Pitt will work closely with the Council’s board and working committee members to advocate on issues such as air and water quality regulations, workforce development and other critical infrastructure concerns.
Pitt will succeed Joy Madison who unexpectedly passed away earlier this year.
Central Valley Community Bank brings in new Vice President, portfolio manager
James M. Ford, President and CEO of Central Valley Community Bank, announced the addition of Kelly Tenente to the Agribusiness Lending Department as Vice President, Portfolio Manager throughout the San Joaquin Valley and Greater Sacramento regions.
Tenente joins Central Valley Community Bank with over 10 years of industry and agribusiness expertise. Known for her excellent client relationship management and new business development, Tenente has a strong commercial banking background managing agribusiness and real estate loan portfolios.
In her new role, Tenente is responsible for supporting the Bank’s Agribusiness Lending Department with management and maintenance of the loan portfolio, while also charged with new business development. Tenente can be reached directly at (209) 956-1106.
“Kelly’s agribusiness experience and industry knowledge will be a valuable asset in managing existing and helping to grow this business specialty in our geographic footprint,” said Ford.
Stan State appoints first Gemperle Fellow
Professor Yili Lian has been selected as Stanislaus State’s inaugural Ernie T. Gemperle endowed chair in finance fellow. Lian’s three-year appointment continues through 2024.
“I am honored to be Stan State’s first Gemperle fellow,” Lian said. “I plan to use the funding for database and software purchases and research-related travel and collaboration. It will help me to expand my research during the next three years.”
In a message announcing his appointment, College of Business Administration Dean Tomás Gómez-Arias said Lian’s work will focus on two areas: the connection between trade credits and customer-supplier relationships and monitoring the effect of institutional investors on inside trading profits in different settings.
“The first project will study how customer firms use trade credits from supplier firms under different credit conditions,” Lian said. “I will test the causal relation under the bank deregulation in United States from the 1980s to 1990s.
“The second project will study the role of institutional investors in insider trading. I will test whether institutional investors choose to monitor corporate insiders or compete with them by trading in the stock market.”
He plans to present his findings at academic conferences and publish the results in finance journals. Prior to joining Stan State State’s Department of Accounting and Finance in August 2019, Lian served as a tenured associate professor at Pennsylvania State University, Scranton Campus. His research interests are empirical corporate finance and financial institutions. He received the Highly Commended Award twice from the Review of Accounting and Finance, first in 2017 and again in 2019. In 2012, he won the Best Doctoral Student Paper Award during the Southern Finance Association’s annual meeting.
Lian earned a bachelor’s degree in accounting from the University of International Business and Economics in 2004 and a Master of Finance from Peking University in 2004. He completed his doctorate in finance from Baruch College and Graduate Center of the City University of New York in May 2013. He is grateful for the Gemperle family’s support for faculty research.
The Ernie T. Gemperle endowed chair in finance fellow was established at Stan State through a gift from the Gemperle family and Gemperle Family Farms and is named for the family’s patriarch, who died in 2008.