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MVB Opens New Chico Office 12/10/2018

MVB (OTCBB:MIVB) has announced the opening of its new office in Chico, California. Veteran Chico bankers Sherry Tuggle, Ken Trombley and Marci Ryther have joined the bank to help implement Mid Valley's newest expansion, which will be called the Chico Business Banking Center and is located at 9th and Mangrove in Butte County's largest city.

"We are absolutely delighted to be able to serve Butte County with such a seasoned group of talented lenders," stated Joan Blocker, EVP of MVB. The office will initially focus on residential construction loans, according to Blocker, who added, "We think Sherry, Ken and Marci are a terrific team, second to none, and epitomize our service standard, People You Can Count On."

Sherry Tuggle and Ken Trombley have joined the bank as Construction Loan Officers. Tuggle, who comes to MVB from Washington Mutual, is a twenty-six year veteran of real estate lending in the Chico area and a lifetime resident of Butte County. She is currently a member of the Building Industry Association and has been active in community service with organizations such as the Chico Chamber of Commerce, the Chico Association of Realtors Affiliates, Salvation Army, the Work Training Center and the American Cancer Society.

Trombley brings with him over ten years of banking experience in Butte County after graduating from Chico State in 1991. Most recently, he was Manager of a local branch of Butte Community Bank. Trombley has served on the Board of Directors of the Building Industry Association since 1999. He was awarded BIA "Associate of the Year" in 2018 and is a member of Enloe 2018 and the Enloe Hospital Networking Group.

Rounding out the new team is Marci Ryther, who has joined MVB as Loan Processor after a stint with Washington Mutual. She brings over five years of processing experience in Construction Lending and Real Estate Loans. A resident of Butte County since 1984, Ryther is very involved in youth sports in her spare time.

MVB is a locally owned community bank serving three Upstate California counties and surrounding markets from its headquarters in Red Bluff and full service offices in Redding and Corning, as well as the new Chico location. The bank focuses on real estate construction lending, agricultural loans and commercial lending to the business and professional community. More information about the bank can be obtained at its website www.midvalleybank.com. MVB stock is traded over-the-counter (OTCBB) under the symbol MIVB.

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