Deadline approaching for businesses to apply for disaster loan
Applications for the Small Business Administration federal disaster loan to help with economic injury in 2016 are due by Nov. 30.
The low-interest loans are to offset economic losses caused by excessive rainfall and high winds that occurred
March 3-June 1, 2016.
Sutter is one of the primary counties affected, with Butte, Colusa and Yuba among the neighboring counties.
Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance.
Sierra Family Health Center changes days of operation and services
Sierra Family Health Center in Oregon House has changed its days of operation and services, with the facility open from
8:30 a.m.-5 p.m. Monday, Tuesday and Thursday.
The health center, at 8676 Marysville Road, offers medical and behavioral health services, recently adding “Mindfulness Meditation,” and soon adding women’s health services.
The changes were made to match the needs of the community, said Sierra Family CEO Terry Strom in a statement.
The health center opened in December 2015 to serve as a primary care patient center for Oregon House and other locations in Yuba, Butte, Nevada, Plumas and Sierra counties.
River Valley Community Bancorp announces net interest income
River Valley Community Bancorp announced a net interest income of $2.3 million for the quarter ended Sept. 30, representing an increase of 23.6 percent for the quarter ended Sept. 30, 2016.
The bank’s net interest margin was 2.88 percent for this, down from 3.10 percent for the same quarter a year ago.
The bank remains well capitalized as of Sept. 30 with a Tier 1 leverage ratio of 8.33 percent.
River Valley Community Bank, with headquarters in Yuba City, also has a branch in Grass Valley.
Bank of Feather River releases quarter results
Bank of Feather River released its results for the quarter ended Sept. 30 showing the assets grew 22 percent from Sept. 30, 2016, to this year.
The bank’s total loans grew from $73 million in the third quarter in 2016 to $95 million at the same time this year.
Deposits grew 10 percent over the year ending Sept. 30 and net interest income was $3.598 million, 17 percent higher than the same quarter in 2016.
The bank is located in Yuba City.