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North Valley Bank Corrects Media Report
REDDING, CA--(Marketwire - January 8, 2010) - North Valley Bancorp (NASDAQ: NOVB). North
Valley Bank, a subsidiary of North Valley Bancorp, reported: Today there
was an erroneous statement in the media that North Valley Bank's lending
functions have been restricted as a result of an Agreement with the Federal
Reserve Bank. That statement is in error. The Bank's normal lending
functions have not been curtailed as a result of the Agreement. The Bank
is continuing to lend to customers as usual. Customers of the Bank should
be reassured that all of the Bank's normal banking functions are in place.
The Bank has requested that the media correct its erroneous reporting.
Mike Cushman, President and CEO of North Valley Bank, expresses his concern
for those customers that received this erroneous report and wants to
reassure them that the Bank is prepared to continue to bank them as it has
done in the past and provide the e
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