Item 2.02. Results of Operations and Financial Condition

On February 2, 2009, the Registrant (North Valley Bancorp) issued a press release announcing fourth quarter and full year of 2008 earnings. A copy of the Press Release is attached hereto as Exhibit 99.165 and is hereby incorporated by reference.

Item 8.01. Other Events

On January 29, 2009, the Board of Directors of the registrant decided to suspend indefinitely the payment of cash dividends on its common stock. Reference should be made to Item 2.02 of this Report and the Press Release dated February 2, 2009, attached to this report as Exhibit 99.165.