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FOR IMMEDIATE RELEASE - December 31, 2008
Golden Valley Bank Profitable in 2008

CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB), headquartered in Chico, California again reported strong asset growth and its’ third consecutive quarterly profit. The company earned $43,335 in the quarter ended December 31, 2008. The company also reported an annual profit of $26,406 in only its’ second full year in business.

The Bank’s total assets increased to $83.5 million, up 21% from a year earlier. Deposits were $68.8 million, up from $54.9 million on December 31, 2007. Loans ended the quarter at $56.2 million compared to $35.8 million a year ago. There were no non-performing assets or loans on non-accrual. Additionally, no reportable loans were past due 30 days or greater and no loans had been adversely classified. The company continues to be a well capitalized bank and far exceeds minimum regulatory requirements.

“2008 was a difficult year for the banking industry but not for us at Golden Valley Bank,” said CEO Mark Francis. “We exceeded our goals for total assets, loans, deposits and net income. I am especially pleased that we posted a profit for the full year after such a short time in business.”

Although some financial institutions have been negatively impacted by credit problems and the recent collapse of the mortgage loan market, Golden Valley Bank does not make sub-prime or exotic mortgage loans and has no exposure in this area. The bank specializes in relationship banking to local individuals and businesses.

“On behalf of our Board of Directors, we are very happy with the Bank’s results for 2008, especially considering the difficult economic times”, said GVB Chairman Robert Harp. “Golden Valley Bank is strong and profitable and we look forward to serving current and new customers banking needs.”

Golden Valley Bank is a locally owned and operated commercial bank serving the needs of individuals and businesses in northern California. The Bank has a full service office in Chico, California and a Loan Production Office in Redding, California. For more information regarding the bank please call at (530) 894-1000.

FOR IMMEDIATE RELEASE - December 17, 2008
Golden Valley Bank Does Not Apply For Federal Funds or Guaranties

CHICO, Calif.—Chico based Golden Valley Bank (OTCBB:GVYB) announced today that it will not participate in the U.S. Treasury Department’s Capital Purchase Program (CPP) or the Federal Deposit Insurance Corporation’s Temporary Liquidity Guaranty Program (TLGP).

“We looked at both programs and simply determined that we don’t need the government’s money or the FDIC’s guaranty and that there was no additional value to our shareholders or our customers by participating in the programs,” said Mark Francis, President and CEO of the Bank.

The CPP uses government money to provide banks with additional capital to increase lending. The TLGP provides guaranties for a bank’s unsecured borrowing. “We have sufficient capital to continue to prudently make loans in our market and we project no need for unsecured borrowing,” said Francis.

FOR IMMEDIATE RELEASE - October 17, 2008
Golden Valley Bank Reports Strong Growth

CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB), a two and a half year old bank headquartered in Chico, California reported strong asset growth and its’ second consecutive quarterly profit in its’ short history. The company earned $41,628 in the quarter ended September 30, 2008.

The Bank’s total assets increased to $75 million, up 32% from a year earlier. Deposits were $60.4 million, up from $42.4 million on June 30, 2007. Loans ended the quarter at $50.7 million compared to $27 million a year ago. There were no non-performing assets or loans on non-accrual. Additionally, no loans were past due 30 days or greater and no loans had been adversely classified. The company is a well capitalized bank and far exceeds minimum regulatory requirements.

“We continue to have a great year, are ahead of our projections and in a very good position heading into uncertain economic times,” said CEO Mark Francis. “Our customers can count on us to be there for them as they weather this financial storm.”

Although some financial institutions have been negatively impacted by the recent collapse of the sub-prime mortgage loan market, Golden Valley Bank does not make sub-prime mortgage loans and has no exposure in this area. The bank specializes in relationship banking to local individuals and businesses.

“On behalf of our Board of Directors, our continued success is a strong indication of the hard work and talent of our Board, Advisers, Founders and employees and the strong support of our customers during these challenging times”, said GVB Chairman Robert Harp. “Golden Valley Bank is strong and profitable and we look forward to serving current and new customers banking needs.”

FOR IMMEDIATE RELEASE - July 16, 2008
Golden Valley Bank Reaches Profitability

CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB), a two–year old bank headquartered in Chico, California reported its’ first quarterly profit in its’ short history. The company earned $55,382 in the quarter ended June 30, 2008.

“This is truly a mile post in the history of our Bank,” said CEO Mark Francis. “We’ve had a tremendous first half of 2008 and are ahead of plan in every major category. We recently completed a safety and soundness exam by banking regulators that indicated we exceed compliance requirements for de novo banks, which are generally more restrictive than those for older banks.”

Although some financial institutions may be negatively impacted by the recent collapse of the sub-prime mortgage loan market, Golden Valley Bank does not make sub-prime mortgage loans and has no exposure in this area. The bank specializes in relationship banking to local individuals and businesses.

The Bank reported total assets of $67 million, up 22% from a year earlier. Loans ended the quarter at $49 million compared to $24 million a year ago. There were no non-performing assets or loans on non-accrual. Additionally, no loans were past due 30 days or greater and no loans had been adversely classified. Deposits were $53 million, up from $40 million on June 30, 2007. The company is a well capitalized bank and exceeds minimum regulatory requirements by 258%.

“Speaking for our Board, Advisors and Founders, we are very happy with the success and direction of the Bank,” said GVB Chairman Robert Harp. “We are building our Bank with a strong base of customers and employees to ensure a strong future. While there is uncertainty in the national financial markets, we have the team to lead us through any turbulence that may lie ahead.”

FOR IMMEDIATE RELEASE - June 25, 2008
Golden Valley Bank Elects New Chairman of the Board

CHICO, Calif. - The Directors of Golden Valley Bank (OTCBB: GVYB) recently elected local attorney Robert Harp to be Chairman of their Board. Harp replaces founding Chairman Howard Isom, who is remaining on the Board and is taking on the role of Vice Chairman. Don Hubbard continues as Board Secretary.

“Robert’s leadership qualities and enthusiasm will be very good for the Bank,” said Isom. “I look forward to offering him my guidance and assistance.”

Harp, 48, is a partner in the local law firm of Marshall, Burghardt, Mieske and Harp. He earned degrees from Butte College and the University of California at Berkeley and went on to get post graduate degrees from Santa Clara University and New York University. Harp has served on several local area boards, including commissioner and chairman of the Butte County Airport Land Use Commission.

“I am honored that our Board had the confidence to elect me Chairman,” said Harp. “Howard Isom did an outstanding job and I plan to continue to work hard in order to meet our goal of being the best bank in town.”

Golden Valley Bank is a locally owned and operated full service commercial bank serving the needs of individuals and businesses in the north state with offices in Chico and Redding.

FOR IMMEDIATE RELEASE - June 10, 2008
Golden Valley Bank Opens Redding Office

Chico based Golden Valley Bank announced that it has opened a Loan Production Office in Redding. Vice President Matt Moseley will work out of the office at 2515 Park Marina Drive offering a wide variety of commercial and consumer loan products.

Moseley, who lives in Cottonwood, has been working for Golden Valley Bank in Chico for about a year. Prior to coming to Golden Valley he worked as a commercial lender and various other positions for North Valley Bank in Redding for four years. He is an Honors graduate of Simpson College.

“Matt will do a tremendous job for his customers in Shasta County,” said GVB Chief Credit Officer Jim Doss, who spent 17 years working in the Redding market prior to taking the top lending job with the bank last year. “Considering Matt’s background and customer relationships, we are confident he will be successful.”

“Redding is an important part of our growth plans and I am certain we can bring the loan products and exceed the service expectations that the community expects from a local bank,” said GVB CEO Mark Francis.

Golden Valley Bank is a locally owned and operated full service commercial bank serving the needs of individuals and businesses in northern California.

FOR IMMEDIATE RELEASE - March 31, 2008
Golden Valley Bank Releases 1st Quarter Results

CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB - News) headquartered in Chico, California reported total assets of $61 million as of March 31, 2008, a 17% increase from March 31, 2007. Gross loan totals ended the quarter at $43 million compared to $19 million a year ago. Deposits were $46.5 million.

“We are very happy with our growth in a tough economy,” said Golden Valley Bank President and CEO Mark Francis. “We continue to forge ahead and are on target with our financial and community objectives.”

Golden Valley Bank is a locally owned and operated full service commercial bank serving the needs of individuals and businesses in the north state. For more information regarding the bank please call at (530) 894-1000.

FOR IMMEDIATE RELEASE - November 8, 2007
Golden Valley Bank Releases Results

CHICO, Calif. - Golden Valley Bank (OTCBB: GVYB - News) headquartered in Chico, California reported total assets of $56.6 million as of September 30, 2007, a 27% increase from September 30, 2006. Gross loan totals ended the quarter at $27.1 million compared to $6.5 million a year ago. Deposits were $42.4 million, an increase of 41% from September 30, 2006.

“We are continuing to build our base of loans and core deposits while maintaining pricing and credit quality discipline,” said Mark Francis, President and Chief Executive Officer. “Our strength is our people. We have assembled an impressive group of experienced bankers with local ties. We continue to be optimistic about our future growth trends and have strong loan and deposit pipelines.”

FOR IMMEDIATE RELEASE - August 13, 2007
Golden Valley Bank Relases Results

Golden Valley Bank (OTCBB: GVYB) headquartered in Chico, California reported total assets of $54.8 million as of June 30, 2007, an $18.4 million increase from June 30, 2006. Loan totals ended the quarter at $23.7 million compared to $1.2 million a year ago. Deposits were $40.6 million compared to $21.7 million, an increase of $18.9 million from June 30, 2006.

Mark Francis, President and Chief Executive Officer, expressed satisfaction with the Bank’s year to date results. “We continue to be ahead of our original goals, our loan portfolio is strong with excellent prospects for growth and we are very optimistic about our future,” said Francis.

“We have recently added several top quality bankers to our staff who bring a significant amount of expertise to their positions,” said Francis. “They will further our goal of providing outstanding customer service.”

FOR IMMEDIATE RELEASE - July 10, 2007
Golden Valley Bank Announces New Chief Credit Officer, Commercial Lender

Chico based Golden Valley Bank recently announced that James A. Doss has accepted the position of Executive Vice President & Chief Credit Officer. Doss is replacing Rick Timmons who announced his retirement earlier this year. Timmons, an Organizer of the Bank, will remain as an Advisor to the company.

The Bank also announced that Matthew Moseley has accepted a position as Vice President, Commercial Banking Officer.

Doss was raised in Chico and is a Chico High School, Butte College and CSU-Chico graduate. He also graduated from the Pacific Coast Banking School at the University of Washington in 2005.

For the last two years Doss has been a Senior Vice President and Credit Administrator for North Valley Bank in Redding. His primary responsibility was management of the Bank’s real estate and construction loan portfolio throughout the northern Sacramento Valley and coastal regions of California. Prior to working for North Valley Bank, Doss spent 10 years at Mid Valley Bank and five years at Sacramento Savings.

Until recently, Moseley was a commercial lender for North Valley Bank in Redding where he held various positions for 4 1/2 years. He is an Honors graduate from Simpson College in Redding.

“I am very proud and excited that Jim and Matt have accepted positions at Golden Valley Bank,” said President and CEO Mark Francis. “Jim is very qualified and has nearly 20 years experience in northern California community banking. Matt is a well respected lender with a very bright future at our Bank.”

Golden Valley Bank is a locally owned and operated full service commercial bank serving the needs of individuals and businesses in northern California.

FOR IMMEDIATE RELEASE - May 7, 2007
Golden Valley Bank Assets Exceed $50 Million

Golden Valley Bank (OTCBB: GVYB), headquartered in Chico at 190 Cohasset Road, reported total assets of $52.2 million after its’ first 11 months in business ending March 31, 2007. Deposits at the bank were $37.9 million and loans $19.5 million at the end of the first quarter.

“We have exceeded even our most optimistic initial projections,” said Golden Valley CEO Mark Francis. “I am very appreciative of the overwhelming support we have had from the community.”

Golden Valley Bank also reported its’ first sale of stock on the secondary market, where 100 shares traded for $10.05. The shares were first offered to the public in February of 2006 at $7.50. Activity can be viewed at otcbb.com using the stock symbol GVYB.

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