Valley Republic opens first expansion branch
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1 of 1By Casey Christie / The Californian
Valley Republic Bank President and CEO Bruce Jay says they are ready to open their new branch Monday at 11330 Ming Ave., Suite 400.
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BY JOHN COX Californian staff writer jcox@bakersfield.com
Stopping off at the bank just got easier for southwest Bakersfield customers of Valley Republic Bank.
The 3-year-old bank is scheduled to open the doors Monday at its first expansion branch.
The 2,700-square-foot branch is located at the Grand Island Village center at the corner of Ming Avenue and Buena Vista Road.
Depending on where you live, that may be more convenient to get to than the main branch at 5000 California Ave.
"This new location will allow us to expand our delivery system to better serve the surrounding neighborhoods in southwest Bakersfield," Bruce Jay, president and CEO of the Bakersfield-based institution, stated in a news release.
Chairman Gene Voiland noted that Valley Republic moved forward with the new branch only after careful consideration.
"We did a thorough evaluation to determine the right timing and location of this new branch," he wrote in the news release, adding that it represents "an exciting new stage" for the bank.
Valley Republic has experienced robust growth since its launch in February 2009.
Its average assets in 2009 were $77.2 million, according to federal filings; a year later they were $204.7 million. Last year, the average came to $256.1 million -- a 232 percent increase in less than three years.
The new branch's hours are 9 a.m. to 5 p.m. Monday through Thursday, and 9 a.m. to 6 p.m. Friday.
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