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Tri-Valley Bank Announces Stock Purchase Agreement Terminated

  //business-finance.news-articles.net/content/201 .. nounces-stock-purchase-agreement-terminated.html
  Published in Business and Finance on Friday, June 4th 2010 at 16:40 GMT by Market Wire
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SAN RAMON, CA--(Marketwire - June 4, 2010) - Tri-Valley Bank (OTCBB: [ TRVB ]) announced today that Tri-Capital, LLC has terminated its Stock Purchase Agreement with the bank dated March 15, 2010 pursuant to which it would have initially invested $6.0 million in the bank.

The bank intends to seek alternative transactions, which may include a recapitalization.

Visit Tri-Valley Bank's website at: [ www.trivalleybank.com ].

This release may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. These and other important factors are detailed in various Federal Deposit Insurance Corporation filings made periodically by the Bank, copies of which are available from the Bank without charge. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

Ticker Symbol: TRVB