REDDING, CA--(Marketwire - April 20, 2010) - North Valley Bancorp (NASDAQ: NOVB), the parent company of North Valley Bank, today reported a $40 million capital raise through a private placement of Series A Mandatorily Convertible Cumulative Perpetual Preferred Stock ("Series A Preferred Stock"). The Company has entered into securities purchase agreements with selected institutional investors, directors, executive officers and certain other accredited investors. The proceeds will be used for general corporate purposes, including increasing the capital of the Bank.