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 8, 2021

(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 March 8, 2021, Central Valley Community Bancorp (Company) issued a press release announcing the planned retirement of Jim Ford, President and CEO and Director of the Company and Central Valley Community Bank in early spring 2022.

A copy of the press release dated March 8, 2021 is included 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       Central Valley Community Bancorp Press Release dated March 8, 2021

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: March 8, 2021 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	Central Valley Community Bancorp Press Release dated March 8, 2021

EX-99.1

FOR IMMEDIATE RELEASE

CONTACT:    Debbie Nalchajian-Cohen

P: 559.222.1322 or C: 559-281-1312

PRESIDENT & CEO OF CENTRAL VALLEY COMMUNITY BANK

ANNOUNCES RETIREMENT

Accomplished President & CEO James M. Ford shared his intention to retire in 2022

following the transition of a newly-appointed leader

FRESNO, CALIFORNIA…March 8, 2021…The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California, and the parent company of Central Valley Community Bank (Bank), joined James M. Ford, President & CEO, to announce his intention to retire in early spring 2022. Ford will continue in his current role and duties until a successor is named.

“Serving as Central Valley Community Bank’s third leader in our 41-year history has been a tremendous experience that I have valued each day since I began in 2014,” stated James M. Ford, President & CEO of Central Valley Community Bank and Bancorp. “I am honored to have shared the oversight of the Bank’s growth with a talented group of executives and teammates. They are a special group of bankers who will continue to excel into the future. I have no doubt the Bank is in good hands.”

Ford brought over 30 years of banking and overall financial leadership expertise to Central Valley Community Bank when he joined the Bank in 2014. Under his guidance, the Bank’s Greater Sacramento Region significantly expanded its footprint as well as grew business relationships organically and through two acquisitions. Additionally, assets nearly doubled to over $2 billion and tangible book value per share grew from $8.10 to $15.19 thus far during his tenure.

“For many years prior to joining Central Valley Community Bank I had admired their success. I am pleased to have had the opportunity to lead the team and Company over the past seven years to their next level of success, and I look forward to transitioning my successor,” stated Ford.

- more –

Central Valley Community Bank – Page 2

“We are proud that in our 41-year-old history our Company has been led by only three CEOs and honored that it has been led the past seven years by Jim’s tireless commitment to the Bank, our employees, our shareholders and the communities we serve. He is an accomplished leader and we wish him success in his retirement after the transition,” said Daniel J. Doyle, Chairman of the Board of Central Valley Community Bancorp and Bank.

The Board of Directors has established a search committee to review and implement its succession plan by evaluating internal and external candidates and potentially engaging the assistance of an executive recruitment firm.

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 20 full-service Banking Centers throughout California’s San Joaquin Valley and Greater Sacramento Region. Additionally, the Bank maintains Commercial Real Estate, Agribusiness and SBA Lending Departments.

Members of Central Valley Community Bancorp’s and the Bank’s Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Vice Chairman), F. T. “Tommy” Elliott, IV, James M. Ford, Robert J. Flautt, Gary D. Gall, Steven D. McDonald, Louis C. McMurray, Andriana Majarian, 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 LinkedIn, Facebook and Twitter.

###

Attached Photo:

James M. Ford, President & CEO, Central Valley Community Bank and Bancorp.

XML

Cover		6 Months Ended
	Jan. 20, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	8-K
Document Period End Date	Mar. 08, 2021
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