What's New

Visalia Community Bank’s net income for the 1st quarter of 2008 declined by 16% compared to the same period last year.  According to Tom Beene, President and CEO, the bank’s unaudited net income for the 1st quarter of the year 2008 was $493,000 compared to $587,000 for the same period in 2007.       

 Outstanding loans as of March 31, 2008 were $136 million compared to $115 million for the same period in 2007 representing an 18% improvement.  Total deposits were $165 million at March 31, 2008 compared to $155 million a year ago, a 7% increase.  Total assets were $188 million at quarter end and compares to $176 million a year ago.  

At its April Board meeting, the Board of Directors declared a cash dividend of $0.50 per share of common stock, to be paid on May 5, 2008 to all shareholders of record as of April 29, 2008. 

Visalia Community Bank is Visalia’s oldest locally owned and operated financial institution with Visalia offices at 120 North Floral Street, 5412 Avenida de los Robles, 2245 West Caldwell Avenue, 2136 N. Dinuba Boulevard, and 300 East Pine Street in Exeter.