8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: March 18, 2015

(Date of earliest event reported)

Central Valley Community Bancorp
(Exact name of registrant as specified in its charter)
CA (State or other jurisdiction of incorporation)	000-31977 (Commission File Number)	77-0539125 (IRS Employer Identification Number)
7100 N. Financial Dr., Ste. 101, Fresno, CA (Address of principal executive offices)		93720 (Zip Code)
559-298-1775 (Registrant’s telephone number, including area code)
Not Applicable (Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 18, 2015, the Board of Directors of Central Valley Community Bancorp (the “Company”) appointed Patrick J. Carman, to Executive Vice President and Chief Credit Officer effective April 1, 2015, and will replace Thomas L. Sommer as Chief Credit Officer. Mr. Sommer is scheduled to retire effective April 30, 2015.

Mr. Carman will receive an annual base salary of $185,000; receive benefits and participate in deferred compensation plans available to all employees; participate in the Company’s Senior Management Incentive Plan; and receive an annual automobile allowance of $9,000. Under a salary continuation plan assumed by the Company in connection with the 2008 merger of the Company and Service 1st Bancorp, Mr. Carmen will be eligible in February 2016 to receive $77,000 per year for 15 years upon retirement.

Mr. Carman, 65, became Senior Credit Officer of the Company’s wholly owned subsidiary, Central Valley Community Bank, in November 2008. Prior to that appointment, Mr. Carman most recently served as the President and Chief Operating Officer for Service 1st Bank.

Exhibits

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:

            None

(b) Pro forma financial information:

            None

(c) Shell company transactions:

            None

(d) Exhibits

99.1    Press Release of Central Valley Community Bancorp dated March 20, 2015

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 20, 2015	CENTRAL VALLEY COMMUNITY BANCORP
		/s/ David A. Kinross
		David A. Kinross
		Executive Vice President and Chief Financial Officer (Principal Accounting Officer)

EX-99.1

FOR IMMEDIATE RELEASE

CONTACT:    Debbie Nalchajian-Cohen

(559) 222-1322

CENTRAL VALLEY COMMUNITY BANK PROMOTES

PATRICK CARMAN TO EXECUTIVE VICE PRESIDENT, CHIEF CREDIT OFFICER

FRESNO, CALIFORNIA…March 20, 2015…James M. Ford, President and Chief Executive Officer of Central Valley Community Bancorp (Company) and Central Valley Community Bank(Bank), the sole subsidiary of the Company (NASDAQ: CVCY) announced the promotion of Patrick Carman to Executive Vice President, Chief Credit Officer for the Company and the Bank, effective April 1, 2015. Thomas Sommer, the current Executive Vice President, Chief Credit Officer for the Company and the Bank, has served in this position since his arrival in 1998. In 2014, he had announced his intent to retire, with April 30, 2015 as the effective date.

Carman joined Central Valley Community Bank in November 2008, and has over 42 years of bank credit management experience. In his new role, he will manage the credit administration team and oversee credit quality for the Bank. He actively serves the California Bankers Association and is a member of its Chief Credit Officer Symposium Planning Committee.

Sommer joined Central Valley Community Bank in 1998 and has over 31 years of credit management experience. During the month of April, Sommer will work closely with Carman to ensure a smooth transition of responsibilities.

“We congratulate Tom on his distinguished banking career. He has been an incredible asset to Central Valley Community Bank for nearly two decades and his dedication is greatly appreciated by the entire team. Patrick has worked closely with Tom for the past seven years and his seasoned leadership will provide excellent continuity in this important role for Central Valley Community Bank,” said James M. Ford, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank.

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Central Valley Community Bank - Page2

Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank now operates 21 full service offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy, and Visalia, California.

Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are provided by Investment Centers of America and insurance services are offered through Central Valley Community Insurance Services LLC.

Members of Central Valley Community Bancorp’s and the Bank’s Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Lead Independent Director), Sidney B. Cox, Edwin S. Darden, Jr., Daniel J. Doyle, F. T. “Tommy” Elliott, IV, James M. Ford, Steven D. McDonald, Louis McMurray, William S. Smittcamp, and Joseph B. Weirick. Wanda L. Rogers is Director Emeritus.

More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.

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Photo attachment:

Patrick Carman, Executive Vice President, Chief Credit Officer