EL CENTRO, Calif.--(BUSINESS WIRE)--On the heels of reporting its 15th consecutive profitable quarter (2Q2014), Community Valley Bank’s Board of Directors announces reorganization of its Executive Management Team.
To begin, Wayne D. Gale has tendered his resignation as President and Chief Executive Officer to return to Arizona. Mr. Gale states, “I have enjoyed my time working in the community and with being a part of the CVB organization.”
The Board of Directors has appointed Jon Edney as its Interim President and Chief Executive Officer, effective immediately. Ron Rubin has assumed the role of Chairman of the Board. Mr. Edney and Mr. Rubin are both founders of the Bank and have been part of the leadership team since its opening in October 2007.
Additionally, effective August 4, 2014, CVB has hired Kevin Ardolf as its Executive Vice President and Chief Credit Officer. Mr. Ardolf brings over 20 years of community banking experience, initially as Chief Credit Officer and most recently as Chief Executive Officer at Sutter Community Bank in Yuba City.
In hiring Mr. Ardolf, CVB has asked Chuck Tarquini to assume the role of Executive Vice President and Chief Lending Officer of the Small Business Administration (SBA Lending) Department. Since inception, SBA lending has been a vital component to helping small businesses across the region to access capital for both expansion and new business opportunities. Mr. Tarquini’s experience and interest in this particular lending category/product and CVB’s continued interest in helping small businesses access this type of financing dictates the need for a specialized professional.
Community Valley Bank is headquartered in El Centro, California and has full service facilities in both El Centro and Brawley. CVB also operates a Loan Origination/Production Office in Palm Desert, CA. The stock trades under the symbol CMUV.