November 30, 2017
Raymond James Welcomes New Program to Financial Institutions DivisionST. PETERSBURG, Fla. – Continuing its strategic growth, Raymond James Financial Institutions Division (FID) welcomed a new investment program to the division. Central Valley Investment Services (CVIS), a division of Central Valley Community Bank, will now offer investment and wealth management services to their clients through Raymond James Financial Services, Inc., member FINRA/SIPC, according to Tim Killgoar, senior vice president and head of FID.
“With sophisticated capabilities, marketing and technology support, and a longstanding client-first approach, we believe our Financial Institutions Division offers unique benefits to our bank partners,” said Killgoar. “We’re proud that Central Valley Community Bank and their CVIS advisors chose Raymond James as their partner, and we look forward to supporting them as they expand their offerings to clients in this important region.”
Central Valley Investment Services includes four financial advisors: Jerry Lawless, serving Fresno County; Tim Welch, serving Fresno and Madera counties; Arthur Velasco, serving Tulare County; and Robert Faust, serving Merced, Stanislaus, San Joaquin, and Sacramento counties. The team is led by program manager Rod Geist and includes support specialist Anabel Rodriguez. Central Valley Investment Services previously partnered with Investment Centers of America, Inc., before partnering with Raymond James. Collectively, the advisors manage approximately $125 million in client assets.
“Our team is proud to partner with Raymond James as our two organizations share a like-minded commitment to provide the highest standards of client service and innovative financial solutions for our valued clients,” said James M. Ford, president and CEO of Central Valley Community Bancorp and Central Valley Community Bank. “Our investment services team will benefit by having access to the extensive tools offered by Raymond James, which will further enhance their ability to help our clients achieve their financial goals.”
About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 4,300 independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 7,300 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $704 billion.
About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions.
About Central Valley Community Bank
Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank operates 24 full-service offices throughout California’s San Joaquin Valley and Greater Sacramento Region. Additionally, the Bank maintains Commercial Real Estate, Agribusiness and SBA Lending Departments. Central Valley Investment Services are provided by Raymond James, Inc.
Members of Central Valley Community Bancorp’s and the Bank’s Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Lead Independent Director), Edwin S. Darden, Jr., F. T. “Tommy” Elliott, IV, Robert “Bob” Flautt, James M. Ford, Gary D. Gall, Steven D. McDonald, Louis McMurray, Karen Musson, and William S. Smittcamp. Sidney B. Cox is Director Emeritus.
More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit Central Valley Community Bank on Twitter and Facebook.
Securities are: not deposits, not insured by FDIC or any governmental agency, not guaranteed by the financial institution, subject to risk, and may lose value. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services, Inc. The bank and investment program are not registered broker/dealers, and are independent of Raymond James Financial Services.