CMUV Bancorp Announces 2023 4th Quarter Financial Results
EL CENTRO, CA, Jan. 25, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – CMUV Bancorp, the holding company for Community Valley Bank, is pleased to announce unaudited year-end results for 2023.
- EL CENTRO, CA, Jan. 25, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – CMUV Bancorp, the holding company for Community Valley Bank, is pleased to announce unaudited year-end results for 2023.
- CVB’s Total Assets grew to $297 MM at fiscal year-end 2023, with Loans ending at just under $232 MM.
- In what was a challenging banking environment in 2023, CVB was able to outperform expectations and produce solid financial results.
- As a sign of this commitment, the CMUV Bancorp Board of Directors recently approved a buyback of up to $2MM in shares, while also increasing its quarterly dividend by 20 percent (up to $0.12/share), effective in the 4th quarter of 2023.