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Quotes & Info
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| NOVB > SEC Filings for NOVB > Form 8-K on 27-Aug-2009 | All Recent SEC Filings |
27-Aug-2009
Termination of a Material Definitive Agreement, Other Events
The Registrant (North Valley Bancorp) will not extend the five year lease for its branch office in Fairfield, California, due to expire in February 2010, or the two year lease for its loan production office in Vacaville, California, due to expire in May 2010. Both offices will be closed before the end of 2009. The information set forth under Item 8.01 is incorporated by reference into this Item 1.02.
The Registrant is a bank holding company headquartered in Redding, California, and its subsidiary, North Valley Bank, operates 26 commercial banking offices in Shasta, Humboldt, Del Norte, Mendocino, Yolo, Solano, Sonoma, Placer and Trinity Counties in Northern California, including two in-store supermarket branches and seven Business Banking Centers and a loan production office in Vacaville, California. In order to reduce expenses and achieve greater operational efficiencies, the Bank has given notice of its intention to close its branch office located in Fairfield, California, and its loan production office located in Vacaville, California. Both offices are in Solano County. The banking operations and most of the personnel will be absorbed into other offices.
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