Pacific Valley Bank Announces New Shareholder Investment by Taylor Fresh Foods

Core Insights - Taylor Fresh Foods has acquired a 16.3% ownership stake in Pacific Valley Bank, marking a significant minority investment by a family-owned company with deep roots in the Salinas Valley [1][2] - The investment aligns with Pacific Valley Bank's strategy of supporting small and medium-sized businesses, reinforcing its local ownership structure and capital base while maintaining independent governance [2][3] Company Overview - Pacific Valley Bank, founded in 2004, operates as a locally owned community bank with full-service branches in Monterey, King City, and Santa Cruz, and is the only locally owned bank headquartered in Monterey County [4] - Approximately 93% of Pacific Valley Bank's outstanding shares are owned by local individuals, with around 40% held by active directors and officers, promoting continuity in governance and alignment of interests [5] Strategic Alignment - The investment by Taylor Farms supports the bank's focus on serving the local economy, particularly small and medium-sized businesses, and reflects a commitment to disciplined growth [2][3] - Jeff Cook, CFO of Taylor Farms, will join the bank's Board of Directors, bringing valuable financial leadership and expertise in the regional agricultural economy [3]