To our shareholders, customers, and friends,

As we entered this year, none of us imagined we would be confronted with the COVID-19 pandemic and its associated effects on all aspects of our lives this year. Since the pandemic has prevented us from interacting as we might normally, we wanted to provide an update on your Bank.

In late March, the passage of the CAREs Act included the roll-out of the Paycheck Protection Program (PPP) to assist businesses with payroll continuity given pandemic uncertainty. RVCB quickly adopted the program and implemented internal processes and policies to support it. Our team worked very hard in processing the high volume of PPP loan applications submitted by our customers and non-customers in our communities. In the end, every PPP loan submitted to the Bank was approved by the U.S. Small Business Administration. Perhaps the most significant and unanticipated benefit of the PPP is the platform it provided for us to demonstrate how quickly we can adapt and support our communities in times like this. As a result of the tireless effort of our team members and the success we experienced with the PPP, we won over many new customers. We are very excited to introduce the merits of community banking to new customers!

Despite the pandemic, we opened our Marysville branch in August! This branch is located at 9th and B streets on Ellis Lake, and our location there gives us great visibility. While we have long served Marysville, our new branch better positions us to provide a local banking option there and compliments our Yuba City branch in providing coverage for the broader Yuba/Sutter community. Our Marysville team is off to a strong start, and I remain very encouraged about our long term prospects in Marysville.