On April 6, 2012, Jeannie McCormack terminated her position as a Director of the Bank and is moving on to new activities. She continues to be a major shareholder and a great promoter of the bank. Please join me in thanking her for all her work for the bank and wishing her much success in her future endeavors!
We recently asked our branch customers to vote on a new logo for the bank and we have a top vote getter! The most popular logo is attached with the Rio Vista bridge. It’s also now proudly posted on the bank’s website.
We also have a “backup” logo with BRV initials to be used for more simple needs, such as for T-shirts where a less elaborate logo is more usable.
Thanks to all those that helped with this, including our special customers! Our new logo is a terrific representation of the bank’s changing persona!
November 2, 2011
I wish to comment on the recent electronic system fraud affecting many of our residents and provide some clarification. I can assure you that this particular scam was not a result of a breach of secured information directly caused by the Bank of Rio Vista. Unfortunately, at times random merchants have their payment systems compromised, and customers using any type of credit or debit card at that business during the period of breech can fall prey to information theft. In this recent case, an unnamed local merchant's card process system was compromised causing many of their customer's card information to be stolen.
For security purposes, Bank of Rio Vista and other financial service groups cancelled the debit and credit cards of at risk customers in a timely manner, and issued replacement cards. This is an unfortunate and very inconvenient outcome for many in our community. We can assure the public that there are many controls in place to mitigate risks of this type, but the sad reality is, it does sometimes happen. All in all it's a tough situation for everyone involved, but I'm very proud that our staff dedicated many man hours to correction of this issue and providing quality customer service.
If you have any questions or comments, please do not hesitate to contact me.
The California Bankers Association, led by President and CEO Rodney Brown and supported by EVP and Chief Administrative Officer Maurine Padden, SVP and Director of State Government Relations Kevin Gould, and PAC/GR Admin Mary Boruff, gathered last week with the Florida Bankers Association, September 20-22, in Washington, D.C. for the annual joint visit. The trip started out with a welcoming dinner and briefing on key federal legislative issues delivered by ABA Executive Vice President of Congressional Relations & Public Policy Floyd Stoner. Throughout the visit, attendees met with a number of Congressional leaders including Sen. Bob Corker (R-TN), Sen. David Vitter (R-LA), Rep. John Campbell (R-CA), Rep. Darrell Issa (R-CA ) and Rep. Ed Royce (R-CA). These meetings were important opportunities to hear updates from key elected officials on both the Senate and House banking committees, and also to discuss issues of concern to the California banking industry including the ever increasing regulatory burden on banks, such as the IRS reporting requirement for accounts held by non-resident aliens, and the credit unions’ attempt to increase their small business lending authority. Attendees also participated in a breakfast briefing, coordinated by Brian Brooks of OneWest Bank, on the constitutional law challenge to the Dodd-Frank Act during a legal panel discussion with attorneys from the law firms of O’Melveny & Myers, LLP and Boyden Gray & Associates, LLP. Later that evening, the bankers attended a dinner at Ruth's Chris Steak House, hosted by Dwight Alexander, VP and Director, Legislative and Regulatory Affairs, and Kevin Blackburn, AVP, Legislative and Regulatory Affairs, of the Federal Home Loan Bank of San Francisco.
On Thursday, the FDIC hosted a breakfast for the bankers, where Acting Chairman Martin Gruenberg briefed the group about the FDIC's special teams that have been working the past year to develop plans to handle potential failures and resolutions of very large financial institutions. He also elaborated on the new initiative to help the agency better understand the challenges facing community banks. Finally, participants had a remarkable opportunity to hear directly from Federal Reserve Board Chairman Ben Bernanke and all four board governors in a briefing held in the Federal Reserve board room. When asked by Chairman Bernanke to give an update on California, CBA Board Chairman Steve Buster discussed the lagging California economy, and in particular the housing market. This led to further inquiry by the chairman and board governors about the California housing market and the impact of the foreclosure process. The briefing also covered a number of key financial policy points, including regulatory burden, small business lending, and the Fed’s recent announcement regarding Operation Twist, which came just the day before the meeting.
CBA would to thank all of the California joint visit attendees whose participation made it a truly worthwhile event:
On Saturday, September 17, over 100 Bank of Rio Vista employees and their families enjoyed a staff picnic at the beautiful Diamond Delta Ranch offering a beautiful venue on a gorgeous end of summer day. It was a true local event with music by the fabulous Sterling Silver Band, cooked chicken and beans by the Montezuma fire department, and tri tip and drinks delivered by Lira’s. We shared a lot of laughs, including over a Ding Dong Eating Contest!!!
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The Bank of Rio Vista is proudly committed to providing jobs and support to local young adults wherever possible.
We love having bank summer interns! Bank of Rio Vista is one of the few community banks that is still committed to having student interns help us out during the summer season. They have been a tremendous help.
Our interns this summer included Dylan Giordanengo, Cole Felt, Sam Coughran and Ivan Ruiz. All interns are from the local community and we are glad to have them!
This has been a great learning experience and helps me in exploring different career options. -Cole
This is a great experience and I’m learning a tremendous amount that I can use in everyday life. This has helped build my career. -Sam
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