President and CEO James M. Ford shared his intention to retire in 2022 following the transition of a newly-appointed leader
FRESNO – The man who helped build a local bank into one of the largest in California is set to retire next year.
Last week, James M. Ford, president and CEO of Central Valley Community Bancorp, the parent company for Central Valley Community Bank, announced his intention to retire in spring 2022. Ford will continue in his current role at the bank, which has locations in Visalia and Exeter, and duties until a successor is named.
“For many years prior to joining Central Valley Community Bank I had admired their success. I am pleased to have had the opportunity to lead the team and Company over the past seven years to their next level of success, and I look forward to transitioning my successor,” Ford stated.
Ford brought over 30 years of banking and overall financial leadership expertise to Central Valley Community Bank when he joined the bank in 2014. During his tenure, the bank vastly expanded its footprint acquiring Sierra Vista Bank in 2016 and Folsom Lake Bank in 2017, both in the Sacramento area. The acquisitions helped CVCB become one the state’s 40 largest banks and the in the top 12 for community banks. Ford helped grow business relationships organically through the two acquisitions. Additionally, assets nearly doubled to over $2 billion and tangible book value per share grew from $8.10 to $15.19 thus far during his tenure.
“We are proud that in our 41-year-old history our Company has been led by only three CEOs and honored that it has been led the past seven years by Jim’s tireless commitment to the bank, our employees, our shareholders and the communities we serve. He is an accomplished leader and we wish him success in his retirement after the transition,” CVCB chairman Daniel J. Doyle said.
The board of directors has established a search committee to review and implement its succession plan by evaluating internal and external candidates and potentially engaging the assistance of an executive recruitment firm.
Central Valley Community Bancorp trades on the NASDAQ stock exchange under the ticker symbol CVCY. Headquartered in Fresno, CVCB was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank operates 20 full-service banking centers throughout California’s San Joaquin Valley and Greater Sacramento Region. Additionally, the bank maintains commercial real estate, agribusiness and sba lending departments. Members of Central Valley Community Bancorp’s and the bank’s board of directors are: Daniel J. Doyle (chairman), Daniel N. Cunningham (vice chairman), F. T. “Tommy” Elliott, IV, James M. Ford, Robert J. Flautt, Gary D. Gall, Steven D. McDonald, Louis C. McMurray, Andriana Majarian, Karen Musson, Dorothea D. Silva, 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 www.cvcb.com. Also, visit Central Valley Community Bank on LinkedIn, Facebook and Twitter.