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River Valley Community Bank appoints president & chief operating officer

River Valley Community Bank headquartered in Yuba City, California announced that its Board of Directors has appointed John M. Jelavich as president and chief operating officer.

Mr. Jelavich has served as a member of the Bank’s senior management team since July 2010 and most recently was responsible for the Bank’s day-to-day operations as its executive vice president and chief operating officer.

"John has demonstrated his leadership in taking on a number of operational and strategic initiatives for the Bank which have been instrumental in moving the organization forward," said Gary Thiara, Chairman of the Bank’s Board of Directors.

"His ability to be forward looking and execute effectively will serve the Bank well at this stage of our growth. The Board is confident that under John’s expanded leadership role, River Valley Community Bank will continue on a path of success."

"I am energized by the prospects that lie ahead for River Valley Community Bank," said Mr. Jelavich. "We have a great banking team and enjoy tremendous support from our customers and shareholders. The ongoing execution of the Bank’s high quality service and relationship banking model will enable our continued growth in both the Yuba/Sutter and Grass Valley markets. Further, our strong capital position and exceptional ratings set our Bank apart and will continue to support our growth," Jelavich concluded.

Prior to joining the Bank in 2010, Mr. Jelavich spent 22 years with The PMI Group, a provider of credit enhancement to facilitate mortgage lending and securitization. While there, Mr. Jelavich served in numerous senior level finance, credit risk management, operations and loss mitigation capacities.