Santa Paula, CA. - Santa Clara Valley Bank’s (SCVBank; OTC BB: SCVE.OB) Board of Directors today announced the resignation of President and CEO Michael D. Hause. Mr. Hause, whose career started in agribusiness, has accepted a management position with Calavo Growers, Inc. His resignation is effective July 29, 2011.

The Board has named Chairman Ralph De Leon as the Interim CEO. A search for a capable candidate will begin immediately.

Mr. Hause stated, “My passion has remained with agriculture and agribusiness, where my career started. I’m so excited to be able to join one of the most dynamic food companies in the nation. Having served as a Calavo Board Member over the past 8 years has allowed me to be keenly aware of the operations of Calavo and its potential for growth.”

Mr. Hause continued, “I would have never considered this transition were it not for the knowledge that I am leaving a SCVBank in a very strong position, from a standpoint of capital, liquidity and earnings trends. I am most proud of the expert staff that has been assembled over the years. I am leaving the Bank in capable hands.”

Chairman Ralph De Leon commented, “On behalf of the entire board of directors, we want to thank Mike for his years devoted to SCVBank, and we wish him success in his position with Calavo.”

Founded in 1998, Santa Clara Valley Bank has offices in Santa Paula, Fillmore, and Valencia. Under its stock symbol of SCVE.OB, Santa Clara Valley Bank's stock is traded through McAdams Wright Ragen, Howe Barnes Hofer & Arnett, and Wedbush Morgan Securities. The Bank's web site is www.SCVBank.com.

Santa Clara Valley Bank Corporate Headquarters
901 East Main Street
Santa Paula, California 93060
805-525-1999

Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the United States government, and general economic conditions.