Oak Valley Community Bank Named Most Active 504 Lender and Most Active SBA 504 Lending Partner

OAKDALE, Calif., Oct. 13, 2017 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ:OVLY), was recently recognized by Success Capital Expansion and Development Corporation as their “Most Active SBA 504 Lending Partner in 2017.” In addition, Success Capital announced that Mike Petrucelli, Vice President, Commercial Loan Officer was named the “Most Active 504 Lender” for 2017. Both distinctions covered lending activity in San Joaquin, Stanislaus, Merced, Mariposa, and Calaveras Counties.

Success Capital held their annual meeting in Modesto and presented the accolades to the team of Oak Valley lenders represented by Mike Rodrigues, Chief Credit Officer, Gary Stephens, Senior Lending Officer, Credit Administrator, Peter Brown, Commercial Loan Officers, Mike Petrucelli, Mike Garcia, and Victoria Gaffney. “We are pleased to be recognized for our efforts in supporting small businesses in the communities we serve. The awards received represent our dedication to helping our business partners grow and succeed,” stated Chris Courtney, President and CEO.

Mike Petrucelli, “Most Active Lender,” is based out of the bank’s Tracy Branch and has over 30 years of banking experience in the Central Valley. “Mike’s commitment to providing quality service to clients and his knowledge in the banking industry has been an essential part in the growth of the bank,” Chis Courtney concluded.

The 504 Program provides loan for small business development. Success Capital offers low down payment, fixed rate financing via the SBA 504 Loan Program for business owners to purchase or build facilities for their businesses.

Oak Valley Bancorp operates Oak Valley Community Bank & Eastern Sierra Community Bank, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 16 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes, and Bishop.

For more information call 1-866-844-7500 or visit www.ovcb.com.

Contact: Chris Courtney/Rick McCarty
Phone: (209) 848-BANK (2265)
Toll Free (866) 844-7500

Contact: Marsha Carr, President & CEO
Success Capital EDC
Phone: (209) 521-9372
e-mail to mcarr@successcapitalsba.com

Source:Oak Valley Community Bank