Business NewsMarketWire • North Valley Bank Corrects Media Report

North Valley Bank Corrects Media Report

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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North Valley Bank Corrects Media Report
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