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River Valley Community Bancorp Announces Director Retirements

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River Valley Community Bancorp (RVCB) announced the upcoming retirement of two directors effective December 31, 2024. John I. Jelavich, the Bank's founding President & CEO and founding board member, will retire after remaining on the board since his management retirement in 2014. Joseph M. Griggs, who joined the board in 2014 with the opening of the Grass Valley Branch, will also retire, coinciding with his professional retirement from Robinson Enterprises. The Bank maintains high ratings with BauerFinancial and Depositaccounts.com, operating through multiple offices in California and Nevada.

River Valley Community Bancorp (RVCB) ha annunciato il prossimo pensionamento di due membri del consiglio, con effetto dal 31 dicembre 2024. John I. Jelavich, fondatore e CEO della Banca e membro fondatore del consiglio, si ritirerà dopo aver fatto parte del consiglio dalla sua pensione gestionale nel 2014. Anche Joseph M. Griggs, che è entrato a far parte del consiglio nel 2014 con l'apertura della filiale di Grass Valley, si ritirerà, coincidendo con il suo pensionamento professionale da Robinson Enterprises. La Banca mantiene valutazioni elevate con BauerFinancial e Depositaccounts.com, operando attraverso più uffici in California e Nevada.

River Valley Community Bancorp (RVCB) anunció la próxima jubilación de dos directores, efectiva el 31 de diciembre de 2024. John I. Jelavich, el presidente y CEO fundador del banco y miembro fundador de la junta, se jubilará después de haber permanecido en la junta desde su jubilación en la gestión en 2014. Joseph M. Griggs, quien se unió a la junta en 2014 con la apertura de la sucursal de Grass Valley, también se jubilará, coincidiendo con su jubilación profesional de Robinson Enterprises. El banco mantiene altas calificaciones con BauerFinancial y Depositaccounts.com, operando a través de múltiples oficinas en California y Nevada.

리버 밸리 커뮤니티 은행 (RVCB)는 2024년 12월 31일에 두 이사의 은퇴를 발표했습니다. 존 I. 젤라비치 은행의 창립 회장 및 CEO이자 창립 이사로서, 2014년 관리직 은퇴 이후 이사회에 남아 있었으나 은퇴할 예정입니다. 조셉 M. 그리그스는 2014년 그래스 밸리 지점 개설과 함께 이사회에 합류했으며, 로빈슨 엔터프라이즈에서의 전문적인 은퇴와 동시에 은퇴할 것입니다. 이 은행은 바우어 파이낸셜과 디파짓어카운츠닷컴에서 높은 평가를 유지하며, 캘리포니아와 네바다에 여러 사무소를 운영하고 있습니다.

River Valley Community Bancorp (RVCB) a annoncé la prochaine retraite de deux membres du conseil d'administration, effective le 31 décembre 2024. John I. Jelavich, président et directeur général fondateur de la banque et membre fondateur du conseil, partira après avoir été membre du conseil depuis sa retraite du management en 2014. Joseph M. Griggs, qui a rejoint le conseil en 2014 avec l'ouverture de l'agence de Grass Valley, prendra également sa retraite, coïncidant avec sa retraite professionnelle de Robinson Enterprises. La Banque maintient des évaluations élevées auprès de BauerFinancial et Depositaccounts.com, opérant à partir de plusieurs bureaux en Californie et au Nevada.

River Valley Community Bancorp (RVCB) gab die bevorstehende Pensionierung von zwei Direktoren bekannt, wirksam zum 31. Dezember 2024. John I. Jelavich, der Gründungspräsident und CEO der Bank sowie Gründungsmitglied des Vorstands, wird nach seiner Ruhestandszeit im Management seit 2014 aus dem Vorstand ausscheiden. Joseph M. Griggs, der 2014 mit der Eröffnung der Filiale in Grass Valley in den Vorstand eintrat, wird ebenfalls in den Ruhestand gehen, was mit seinem beruflichen Ruhestand von Robinson Enterprises zusammenfällt. Die Bank hält hohe Bewertungen bei BauerFinancial und Depositaccounts.com und ist an mehreren Standorten in Kalifornien und Nevada aktiv.

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  • Bank maintains high ratings with BauerFinancial and Depositaccounts.com
  • Established presence across multiple locations in California and Nevada
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YUBA CITY, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- River Valley Community Bancorp (OTC markets: RVCB) with its wholly owned subsidiary, River Valley Community Bank (collectively referred to as the “Bank”), today announced upcoming retirements for Directors John I. Jelavich and Joseph M. Griggs. The effective date of both retirements is 12/31/2024.

John I. Jelavich was the Bank’s founding President & CEO and a founding member of the Banks’s Board of Directors. Mr. Jelavich retired from his management capacity with the Bank in April 2014, which culminated an impactful 45 year career in banking. Since then, Mr. Jelavich has remained an active and contributing member of the Bank’s Board of Directors. In addition to his professional background, Mr. Jelavich, and his wife Karin, have been actively involved with, and generously contributing to many local community causes which include focuses on education, financial literacy as well as being integral in the formation of what has evolved to become the Sutter Yuba Community Foundation.

John I. Jelavich commented, “In looking back, it gives me special pleasure spearheading the organization of River Valley Community Bank. I believe we have created something special since the Bank was formed in 2006. I remain confident in the Bank’s future and its ability to serve its communities.”

Joseph M. Griggs served on the Bank’s Board of Directors since January 1, 2014 when he joined in conjunction with the opening of the Bank’s Grass Valley Branch. Mr. Griggs is a second-generation logger in northern California and in 2011, he became President of Robinson Enterprises, a diversified logging, trucking and petroleum services company. Mr. Griggs has played a key role on the Bank’s Directors Loan Committee and has been instrumental in helping to market the Bank throughout Nevada County. Mr. Grigg’s retirement from the Bank’s Board coincides with his professional retirement from Robinson Enterprises. He and his wife Lynn are looking forward to having more leisurely time while following their children and grandchildren around the country.

Joe Griggs commented, “It has been my pleasure serving on the Bank’s Board of Directors over the past 11 years. It has been very gratifying to be part of an organization that has played such a vital role in the communities it serves.”

Board Chair Stephen F. Danna stated, “On behalf of our Board and Management team, we would like to thank both Joe and John for their outstanding service and contributions in the development of our Bank. Our Board is one of the strengths of our Bank and both Joe and John have consistently demonstrated their insights, vision and integrity during their tenures with our organization. They have played vital roles in making River Valley Community Bank the premier organization it is today. The collaborative presence of John and Joe will be missed in our Board and Committee sessions, however we wish them well in their respective retirements and thank them for their invaluable contributions.”

The Bank remains highly rated with BauerFinancial, and Depositaccounts.com and serves its customer base through its offices located at:

  • 1629 Colusa Avenue, Yuba City, CA
  • 580 Brunswick Rd, Grass Valley, CA
  • 905 Lincoln Way, Auburn, CA
  • 904 B Street, Marysville, CA
  • 401 Ryland Street, Ste. 205, Reno, NV (Loan Production Office)
  • 1508 Eureka Rd., Ste. 100, Roseville, CA (Loan Production Office)

The Bank offers a full suite of competitive products, services, and banking technology. For more information please visit our website at www.myrvcb.com or contact John M. Jelavich at (530) 821-2469.

Forward Looking Statements: This document may contain comments and information that constitute forward‐looking statements. Forward‐looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such statements. Forward‐looking statements speak only as to the date they are made. The Bank does not undertake to update forward‐looking statements to reflect circumstances or events that occur after the date the forward‐looking statements are made.


FAQ

When will directors John I. Jelavich and Joseph M. Griggs retire from River Valley Community Bancorp (RVCB)?

Both directors will retire effective December 31, 2024.

How long has Joseph M. Griggs served on RVCB's Board of Directors?

Joseph M. Griggs has served on the Bank's Board of Directors for 11 years, since January 1, 2014.

What is John I. Jelavich's history with River Valley Community Bancorp (RVCB)?

John I. Jelavich was RVCB's founding President & CEO and a founding board member. He retired from his management role in April 2014 but remained on the Board of Directors.

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