Latest news with #TamaraGurney
Yahoo
20-05-2025
- Business
- Yahoo
Tamara Gurney Honored as Los Angeles Business Journal's Top 100 Banker
Mission Valley Bank CEO Recognized for Transformational Leadership and Commitment to Local Economic Growth BURBANK, Calif., May 20, 2025 /PRNewswire/ -- On May 15, 2025, at an exclusive reception hosted by the Los Angeles Business Journal, Tamara Gurney, Founder, CEO, and President of Mission Valley Bank, was named one of the Top 100 Bankers in Los Angeles, earning the Specialty Award for Small Business Advocate—a powerful testament to her legacy of leadership, community impact, and dedication to entrepreneurs and local economies. In a region home to over 65,000 banking professionals, this recognition speaks volumes—not only about Gurney's personal commitment to small businesses but also about Mission Valley Bank's long-standing role as a champion for community growth. When Tamara Gurney founded Mission Valley Bank in July 2001, her vision was clear: create a community-focused bank rooted in relationship banking, where small business clients receive more than just transactions—they gain a partner. From day one, Mission Valley Bank set out to redefine the client experience, delivering high-touch, personalized service led by bankers who understand the needs of entrepreneurs and business owners. More than two decades later, that promise has not only endured—it has grown. Under Gurney's leadership, Mission Valley Bank secured its Community Development Financial Institution status in 2007, affirming its mission to invest in local communities and drive economic opportunities. Today, the bank continues to champion its founding philosophy: Bank Local | Build Local—a belief that when local deposits stay in the community, they fuel small business growth, create jobs, and strengthen the economic foundation for everyone. With locations in Sun Valley, Santa Clarita, and a recently opened branch in Burbank, the bank is expanding its footprint with intention and purpose. Plans are already underway to open a new branch in Arcadia later this year, extending Mission Valley Bank's reach and resources to even more small business communities across Southern California. The Los Angeles Business Journal honor also recognized the work of Mission Valley Bank's Senior Vice President of Community Development, Paula Bahamon, further cementing the bank's place among the region's top financial institutions driving meaningful, and measurable community impact. In an industry where scale often overshadows service, Tamara Gurney has built something different—on purpose. Her recognition is not an individual honor, but a reflection of a team of Bankers that prioritizes clients and small business success. As Mission Valley Bank continues to grow—branch by branch, relationship by relationship—it remains rooted in the values it was built on: service, trust, and entrepreneurial partnership. And at its center is a founder who has never been interested in doing what is expected—only what is right. About Mission Valley BankMission Valley Bank is a full-service, community-focused business bank dedicated to building lasting relationships and delivering financial solutions that support the growth of local businesses and individuals. The Bank is known for its deep local relationships, personalized service, and commitment to building stronger communities through tailored financial solutions. Member FDICTo learn more, visit View original content to download multimedia: SOURCE Mission Valley Bank
Malaysian Reserve
30-04-2025
- Business
- Malaysian Reserve
Mission Valley Bancorp Reports First Quarter Results
SUN VALLEY, Calif., April 30, 2025 /PRNewswire/ — Mission Valley Bancorp (OTCQX: MVLY, 'Mission Valley', or the 'Company') announced today net income of $1.6 million, or $0.47 per diluted share, for the first quarter of 2025, compared to a net income of $1.7 million, or $0.51 per diluted share, for the first quarter of 2024. Mission Valley's board of directors declared a cash dividend of $0.15 per share on April 22, 2025. The dividend will be payable on or about June 2, 2025 to shareholders of record as of the close of business on May 19, 2025. Tamara Gurney, President and Chief Executive Officer, commented, 'Coming on the heels of a stellar 2024, I am proud to report our strong operating results for the first quarter highlighted by deposit growth of $40.7 million, as our core deposit initiatives continue to gain traction, and net income of $1.6 million. Our credit quality remains solid and we are closely and proactively monitoring our loan portfolio for the potential impact of tariffs.' Ms. Gurney continued, 'Lastly, I am pleased to announce cash dividends for the fourth consecutive year in the amount of $0.15 per common share.' First Quarter 2025 Highlights Net Income of $1.6 million or $0.47 per diluted share. Net Interest Income was $7.8 million for the first quarter of 2025, an increase of $1.1 million, or 15.89%, compared to the first quarter of 2024. Net Interest Margin of 4.87% for the first quarter of 2025 compared to 4.34% for the first quarter of 2024. Non-Interest Income was $2.1 million for the first quarter of 2025, a decrease of $0.2 million, or 7.74%, compared to the first quarter of 2024. $14.9 million in SBA loans were sold resulting in gain on sale of $0.7 million in the first quarter of 2025, compared to $12.2 million in SBA loans sold and gain on sale of $0.7 million in the first quarter of 2024. Balance Sheet Highlights Total Assets were $706.3 million as of March 31, 2025, an increase of $29.0 million, or 4.28%, compared to December 31, 2024. Gross Loans were $561.3 million as of March 31, 2025, an increase of $14.3 million, or 2.61%, compared to December 31, 2024. Total Deposits were $592.0 million as of March 31, 2025, an increase of $40.7 million, or 7.38%, compared to December 31, 2024. Brokered Deposits were $43.7 million as of March 31, 2025, a decrease of $16.2 million, or 27.05%, compared to December 31, 2024. Asset Quality $24 thousand in net recoveries from previously charged-off loans in the first quarter of 2025, compared to $20 thousand in net recoveries in the first quarter of 2024. $4.7 million in Past Due Loans as of March 31, 2025, compared to $5.3 million in Past Due Loans as of December 31, 2024. $23.5 million in Classified Loans as of March 31, 2025, compared to $26.4 million in Classified Loans as of December 31, 2024. $9.3 million in Non-Accrual Loans as of March 31, 2025, compared to $5.3 million in Non-Accrual Loans as of December 31, 2024. Provision for Credit Losses of $0.2 million for the first quarter of 2025. The Allowance for Credit Losses was $8.3 million, or 1.48% of Gross Loans, as of March 31, 2025, compared to $8.0 million, or 1.48% of Gross Loans, as of December 31, 2024. Capital and Liquidity Capital position remains strong, which is reflected by Leverage Ratio of 10.11%, Common Equity Tier 1 Capital Ratio of 10.15%, Tier 1 Capital ratio of 11.10%, and Total Risk Based Capital Ratio of 12.35%. Available borrowing capacity of $211.5 million as of March 31, 2025, an increase of $2.8 million, or 1.34%, compared to December 31, 2024. Unpledged available-for-sale investment securities of $45.0 million as of March 31, 2025. About Mission Valley BancorpMission Valley Bancorp is a bank holding company headquartered in Sun Valley, California with two wholly owned subsidiaries Mission Valley Bank (the 'Bank') and Mission SBA Loan Servicing LLC ('Mission SBA'). The Bank was founded in 2001 and is a full-service, independent, commercial bank specializing in the banking needs of small to medium businesses with full service branches in the San Fernando & Santa Clarita Valleys. Mission SBA is a de novo SBA lender service provider ('LSP') established in March 2021 that provides SBA lending services to other financial institutions. Forward-looking statements:Certain matters discussed in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current management expectations and, therefore, are subject to certain risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. Forward-looking statements are effective only as of the date that they are made and the Company assumes no obligation to update this
