Cali community bank expands in the Sacramento Valley
Founded less than 20 years ago, River Valley Community Bank has grabbed an increasingly large piece of the lending pie in the region.
River Valley Community Bank In Yuba City, California, is bulking up for an expansion in Roseville and, ultimately, greater Placer County.
The $635 million-asset bank is converting its loan production office in Roseville into a full-service office.
The branch is set to open in mid-2025 and marks RVCB’s growth from one branch in Yuba City to now five across the Valley since its founding in 2006.
In conjunction, the bank announced the formation of an experienced banking team for its Roseville branch led by SVP/Market Manager Andrew Tagg, who will be responsible for covering all of Placer County.
Tagg has extensive experience in relationship banking and an understanding of the local business landscape, the bank said.
“We’ve built this team to take ownership of our clients’ needs and surpass their expectations,” said Luke Parnell, River Valley’s EVP and Chief Credit and Lending Officer. “Relationship banking is in our team’s DNA. And ultimately, it’s this kind of commitment to the success of our clients that has helped us grow.”
The Sacramento Valley has seen some disruption in the banking industry in recent years, notably with Reno-based Plumas Bancorp’s acquisition of Yuba City-based Feather River Bancorp, Inc., the holding company for Bank of Feather River.
And earlier this year Plumas announced plans to acquire the $658 million-asset Cornerstone Community Bank in nearby Red Bluff.
The $1.5 billion-asset Sierra Central Credit Union is also based in Yuba City and has experienced strong growth of late.
The credit union has 84,500 members and earned $1.1 million in 2024 compared with $206,000 a year earlier, according to call report data from the National Credit Union Administration.
River Valley Community Bancorp, the holding company for River Valley Community Bank, reported net income for the first quarter of 2025 of $1.2 million compared to $1 million a year earlier
Total deposits for River Valley were $577.7 million as of March 31, 2025, an increase of $69.7 million or 13.7% from $508 million a year earlier.
River Valley’s total loans were $351.7 million as of March 31, an increase of $56.7 million or 19% from the year-ago quarter.
The bank reported no non-performing assets as of March 31, 2025.
“River Valley Community Bank remains one of the only community banks in our market, and we’re excited to bring our solution-oriented approach to Roseville.”
– John Jelavich
President and CEO
River Valley Community Bank
