Market Overview

Central Valley Community Bancorp Increases Quarterly Cash Dividend and Announces Stock Repurchase Plan


The Board of Directors of Central Valley Community Bancorp (Company)
(NASDAQ:CVCY), the parent company of Central Valley Community Bank
(Bank), has declared an increase in its regular quarterly cash dividend
to $0.08 per share on the Company's common stock. The dividend is
payable on August 17, 2018 to shareholders of record as of August 3,

The Board of Directors of the Company also approved the adoption of a
program to effect repurchases of the Company's common stock. Under the
program, the Company may repurchase up to $10 million of the Company's
outstanding shares of common stock, which represents approximately 3% of
the Company's outstanding shares of common stock, or approximately
470,810 shares based on the closing stock price of the Company's common
stock on July 18, 2018 of $21.24. The share repurchase program will
begin on July 19, 2018 and end on July 18, 2019. The shares will be
repurchased in open market transactions through brokers, subject to
availability. All such transactions will be structured to comply with
SEC Rule 10b-18, and all shares repurchased will be retired.

"Our Board of Directors has determined the current best use for a
portion of our excess capital is to purchase available shares from the
market. Central Valley Community Bancorp continues to show profitability
and exceeds the levels of a well capitalized bank, while our asset
quality continues improve. Our current market price and market
capitalization is less than what our Board of Directors feels is a true
reflection of the value of our stock and this repurchase of our stock
should benefit our shareholders," stated James M. Ford, President and
Chief Executive Officer of Central Valley Community Bancorp and Central
Valley Community Bank.

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
22 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 (Lead
Independent Director), 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, 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
Also, visit Central Valley Community Bank on Twitter and Facebook.

Forward-looking Statements- Certain matters discussed in this
press release constitute forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. All statements
contained herein that are not historical facts, such as statements
regarding the Company's current business strategy and the Company's
plans for future development and operations, are based upon current
expectations. These statements are forward-looking in nature and involve
a number of risks and uncertainties. Such risks and uncertainties
include, but are not limited to (1) significant increases in competitive
pressure in the banking industry; (2) the impact of changes in interest
rates, a decline in economic conditions at the international, national
or local level on the Company's results of operations, the Company's
ability to continue its internal growth at historical rates, the
Company's ability to maintain its net interest margin, and the quality
of the Company's earning assets; (3) changes in the regulatory
environment; (4) fluctuations in the real estate market; (5) changes in
business conditions and inflation; (6) changes in securities markets;
and (7) the other risks set forth in the Company's reports filed
with the Securities and Exchange Commission ("SEC"), including its
Annual Report on Form 10-K for the year ended December 31, 2017.
Therefore, the information set forth in such forward-looking statements
should be carefully considered when evaluating the business prospects of
the Company.

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