Press
North Valley Bancshares, Inc. Announces Acquisition of Commodore Financial Network, Inc.
Monday, February 26, 2024
On February 26, 2024, North Valley Bancshares, Inc., (“NVBI”) the parent company of North Valley Bank, Zanesville, Ohio, and Commodore Financial Network, Inc., (“CFNI”) the parent company of Commodore Bank, Somerset, Ohio, announced that the two organizations have signed a definitive agreement for NVBI to acquire CFNI in an all-cash transaction. Financial terms of the transaction were not disclosed.
The board directors from both institutions have unanimously approved the transaction, which is expected to close in the second or third quarter of 2024, subject to customary closing conditions, the approval of CFNI’s shareholders, and regulatory approvals.
Upon completion of the transaction, the Somerset, Millersport and Hebron locations of Commodore Bank will operate as branches of North Valley Bank.
Read The Full ReleaseNorth Valley Bank is officially open at its Pataskala Business Banking Center
Tuesday, June 6, 2023
North Valley Bank held a ribbon cutting and grand opening ceremony on Thursday, April 27, 2023 at its new Business Banking Center located at 66 East Broad Street in Pataskala. The office is the third Business Banking Center location for North Valley Bank (in addition to its seven retail branches), and this location will serve the bank’s growing commercial and business clientele in Licking and Franklin County. Located at the intersection of 310 and 16, the building’s location is at the epicenter of growth in Western Licking County.
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Longview Barbershop – Clintonville’s longest operating business
Tuesday, April 12, 2023
Hear from Dave Carty of Longview Barbershop, Clintonville’s longest operating business at over 100 years old, on how his relationship with North Valley Bank helped him purchase his building and maintain an important community staple.
North Valley Bank announces historic funding partnership with Newark Station
Thursday, January 12, 2023
North Valley Bank is pleased to have partnered with the principals of Newark Station, a former warehouse turned creative ecosystem and upscale living environment, to provide financing for Phase II of its development project. In conjunction with the Small Business Administration, the vision and due diligence of this project began in 2020 and will include major renovations for an adaptive reuse of the old Westinghouse building on West Main Street near downtown Newark.
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Graphic courtesy of Newark Station.
Photo courtesey of Noah Kelley.
Nash Imaging - International Business in Perry County
Friday, September 9, 2022
Hear from Brian Nash of Nash Imaging about why he chose North Valley Bank as his finance partner. Based in Perry County, Ohio, Nash Imaging provides world class marketing experiences across the globe. Our partnership helps make it happen!
Patty's Dance Studio - Growing from History
Monday, August 29, 2022
Patty's Dance Center paired with Jesse Rollins at North Valley Bank during COVID to manage PPP loans. In addition, Patty's purchased land and is anticipating a larger building in the near future to serve even more dancers in Licking County. Together, we are building better communities.
Fraizer General Contracting: Understanding the North Valley Bank Difference
Wednesday, August 3, 2022
Hear from Craig Frazier at Frazier General Contractors in Hilliard, Ohio about the North Valley Bank Difference.
North Valley Bank announces construction on Pataskala Business Banking Center
Friday, May 13, 2022
North Valley Bank has begun construction at 66 East Broad Street on its new Business Banking Center located in Pataskala. This office will be the tenth location for North Valley Bank, headquartered in South Zanesville, and this particular location will serve the bank’s growing commercial and business clientele.
The Pataskala location was secured based on its proximity to the bank’s major service areas while opening a gateway to widen its commercial base. Rob Linnabary, a veteran commercial lender with over 30 years’ experience in central Ohio, joined the North Valley Bank team in January 2022 as a Senior Vice President and Commercial Lender with a goal of expanding the bank’s commercial lending portfolio.