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Valley Republic Bancorp Reports Record Earnings and Growth for 2020 News provided by Share this article Share this article BAKERSFIELD, Calif., Jan. 27, 2021 /PRNewswire/ -- Valley Republic Bancorp (the "Company") (OTCQX: VLLX), the parent company of Valley Republic Bank (the "Bank"), today announced its financial results for the year ended December 31, 2020. Highlights for the Year Ended 2020 Compared to the Year Ended 2019: Net income before tax increased 49.1% to $17.2 million Net income after tax increased 28.7% to $12.5 million or $2.99 per share Total assets increased 31.6% to $1.236 bi...

Local demand high for new, different round of PPP loans [The Bakersfield Californian] Jan. 10—Local small businesses are about to line up again for federal dollars to help them through the pandemic, and this time the emphasis is on companies that missed out before and those classified as disadvantaged, as well as micro-businesses, membership-based nonprofits and hospitality-type enterprises such as restaurants. Monday’s kickoff of phase three of the U.S. Small Business Administration’s Paycheck Protection Program will accept loan applications from qualified businesses and nonprofits pro...

The Mission at Kern County has received a $37,500 grant thanks to support from Valley Republic Bank. The grant will be used to furnish the Lonnie Health Center, which will provide shelter to 40 men starting in January. It will also help to purchase a van to bring residents to programs in the community, according to a release from the bank. Valley Republic Bank partnered with FHLBank of San Francisco, which has a grant program called Access to Housing and Economic Assistance for Development (AHEAD). Valley Republic worked with The Mission to create a business plan and submit an application ...