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: July 6, 2020

(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, Frenso, CA (Address of principal executive offices)		93720 (Zip Code)
559-298-1775 (Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Common Stock, no par value	CVCY	NASDAQ
(Title of Each Class)	(Trading Symbol)	(Name of Each Exchange on which Registered)
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:

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

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

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

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

        Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

        Emerging growth company ☐

        If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act  o

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

On July 6, 2020, Central Valley Community Bancorp issued a press release announcing the retirement of Patrick J. Carman, Executive Vice President, Chief Credit Officer effective November 2, 2020, and announcing the appointment of Patrick A. Luis to Executive Vice President, Chief Credit Officer for the Company and Bank, effective August 8, 2020. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

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 July 6, 2020

SIGNATURE

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.

Dated: July 7, 2020 CENTRAL VALLEY COMMUNITY BANCORP
By:  /s/ David A. Kinross                          David A. Kinross       Executive Vice President and Chief Financial Officer (Principal       Accounting Officer)

Exhibit Index
Exhibit No.	Description
99.1	Press Release of Central Valley Community Bancorp dated
	July 6, 2020

EX-99.1

FOR IMMEDIATE RELEASE

CONTACT: Debbie Nalchajian-Cohen

P: 559.222.1312

C: 559.281.1312

CENTRAL VALLEY COMMUNITY BANK ANNOUNCES RETIREMENT OF

CHIEF CREDIT OFFICER AND SUCCESSION APPOINTMENT

Patrick A. Luis has been appointed new EVP, Chief Credit Officer,

succeeding veteran banker, Patrick J. Carman

FRESNO, CALIFORNIA…July 6, 2020 - James M. Ford, President and Chief Executive Officer of Central Valley Community Bancorp (Company) and Central Valley Community Bank (Bank), announced the appointment of Patrick A. Luis to Executive Vice President, Chief Credit Officer for the Company and Bank, effective August 8, 2020. Patrick J. Carman, the current Executive Vice President, Chief Credit Officer, has announced his intent to retire effective November 2, 2020. He will work closely with Luis to ensure a smooth transition of responsibilities.

        Luis joins Central Valley Community Bank with over 35 years of bank credit management expertise. In his new role, he will oversee the Credit Administration Division and credit quality for the Bank, and will join the Managing Committee. Known for his extensive credit risk knowledge, agribusiness understanding, team development acumen and business intelligence, Luis has worked in large national banks and farm credit association – mostly in California and the Western US – throughout his career.

        Luis earned his degree in Agricultural Business from California State University, Fresno, then completed the postgraduate program at Pacific Coast Banking School. He later became a curriculum advisor and instructor for Pacific Coast Banking School, and currently serves as a board member. Luis has also served as a senior associate and instructor for the Risk Management Association. A community steward, he actively volunteers and financially supports Habitat for Humanity as team leader, fundraises and contributes to the SPCA, Fresno State, Valley Children’s Hospital and the Poverello House in Fresno, California.

        “Pat Luis’s credit administration background will provide an important role in the growth and

more

Central Valley Community Bank – Page 2

success of our 40-year-old bank,” said Ford. “His extensive credit experience, knowledge of the businesses in our territory, community service drive and team-building focus are well-matched attributes for our organization.”

        Carman joined Central Valley Community Bank in November 2008 with the acquisition of Service 1^st Bank and has been in his current executive role since April 1, 2015. He will retire with over 48 years of industry expertise, the last 12 with the Bank. In addition to leading the Bank’s Credit Administration Division, Carman is a member of the Managing Committee, which guides the financial and strategic direction of the Bank, including mergers and acquisitions. He currently serves on the board of the United Way of Fresno and Madera Counties as Treasurer.

        “Pat Carman is respected and highly regarded among the Bank team and in the industry. His extensive credit background, banking knowledge, leadership and professional integrity to do the ‘right thing, always’ have been a constant throughout his distinguished career,” said Ford. “His credit risk management, successful financial performance and team mentorship will be greatly missed.”

        During his tenure as Chief Credit Officer, Carman oversaw the continued improvement in credit quality of the Bank’s loan portfolio while loans grew 62 percent from $574 million as of March 31, 2015 to $928 million as of March 31, 2020. This growth included the successful completion of two bank mergers. The Bank’s strong credit culture was instrumental in being recognized for its high-ranking financial performance by The Findley Reports and Bauer Financial, Inc. for their most recent reporting periods.

About Central Valley Community Bank

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 operates full-service offices throughout California’s San Joaquin Valley and Greater Sacramento regions.

Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Central Valley Investment Services are provided by Raymond James Financial, Inc.

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), F. T. “Tommy” Elliott, IV, Robert J. Flautt, James M. Ford, Gary D. Gall, Steven D. McDonald, Louis C. McMurray, Karen Musson, Dorothea D. Silva and William S. Smittcamp. Sidney B. Cox 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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Attachments:

•Patrick J. Carman, Executive Vice President Credit Administration

•Patrick A. Luis, Incoming Executive Vice President, Chief Credit Administration

•Central Valley Community Bank, 40-year anniversary logo

Patrick J. Carman

Patrick A. Luis

XML

Cover		6 Months Ended
	Jul. 22, 2020	Jun. 30, 2020
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jul. 06, 2020
Entity Registrant Name	Central Valley Community Bancorp
Entity Incorporation, State or Country Code	CA
Entity File Number	000-31977
Entity Tax Identification Number	77-0539125
Entity Address, Address Line One	7100 N. Financial Dr., Ste. 101
Entity Address, City or Town	Frenso
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93720
City Area Code	559
Local Phone Number	298-1775
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0001127371
Title of 12(b) Security		Common Stock, no par value
Trading Symbol		CVCY
Security Exchange Name		NASDAQ