SCVBank Promotes Senior Executive Cheryl Knight
By Anonymous — Monday, May 16th, 2011
Santa Paula, CA. - Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced the promotion of Cheryl L. Knight to Executive Vice President and Chief Operating Officer. She will retain her responsibilities as Chief Credit Officer. “Ms. Knight has proven herself to be an excellent banking executive. Her broad based experience and abilities have greatly benefited SCVBank,” said Michael D. Hause, President and CEO. He continued, “She has a proven track record of making sound credit decisions and her management skills are impeccable.” Ms. Knight has previously held the titles of Executive Vice President and Chief Credit Officer at Montecito Bank and Trust, as well as EVP/ Chief Risk Officer for First California Bank. She has held several other management positions at other financial institutions including Union Bank and Wells Fargo. Ms. Knight was also employed by Deloitte & Touche as a financial management consultant. As a senior officer of Montecito Bank and Trust for nine years, Ms. Knight led the credit function of the $750 million bank that has performed at a high level, assisting in the achievement of a rating of Super Premier Performing Bank by Findley Reports. SCVBank Chairman Ralph De Leon stated, “The Board is very pleased with the performance of Ms. Knight. Her qualities and background have already added significant value to the Bank.” 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 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. |