Central Valley Community Bancorp (NASDAQ:CVCY) Files An 8-K Other Events
ITEM 8.01 OTHER EVENTS

On July18, 2018, the Board of Directors of Central Valley Community Bancorp (the “Company”) declared a $0.08 per share cash dividend payable on August17, 2018 to shareholders of record as of August3, 2018. The Board of Directors of the Company also approved the adoption of a program to effect repurchases of the Company’s common stock. Under the program, the Company may repurchase up to $10 million of the Company’s outstanding shares of common stock, which represents approximately 3% of the Company’s outstanding shares of common stock, or approximately 470,810 shares based on the closing stock price of the Company’s common stock on July 18, 2018 of $21.24. The share repurchase program will begin on July 19, 2018 and end on July 18, 2019. The shares will be repurchased in open market transactions through brokers, subject to availability. A press release was issued on July19, 2018, and is attached to this Current Report and is incorporated into this report by reference.

The information in this Form 8-K filed on July19, 2018 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

99.1 Press release issued July 19, 2018, announcing declaration of a cash dividend and announcement of a program to effect repurchases of the Company's common stock.

CENTRAL VALLEY COMMUNITY BANCORP Exhibit
EX-99.1 2 q32018dividendpressrelease.htm EXHIBIT 99.1 Exhibit FOR IMMEDIATE RELEASECONTACT: Debra Nalchajian-Cohen(559) 222-1322CENTRAL VALLEY COMMUNITY BANCORPINCREASES QUARTERLY CASH DIVIDEND AND ANNOUNCES STOCK REPURCHASE PLANFRESNO,…
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About Central Valley Community Bancorp (NASDAQ:CVCY)

Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It serves over seven contiguous counties in California’s central valley, including Fresno County, Madera County, Merced County, Sacramento County, San Joaquin County, Stanislaus County, and Tulare County, and surrounding areas through the Bank. The Bank conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate and consumer loans. It provides domestic and international wire transfer services and provides safe deposit boxes and other customary banking services. It operates over 20 full-service banking offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy and Visalia.