Curated News
By: NewsRamp Editorial Staff
April 28, 2025
CMUV Bancorp Reveals Strong 1st Quarter Results and Plans for Special Shareholder Meeting
TLDR
- CMUV Bancorp reported strong 1st Quarter results with a net income of $405,669, positioning them well in the market.
- Total assets of $305.2MM, deposits of $282.4MM, and gross loans of $268MM contributed to CMUV Bancorp's successful quarter.
- CMUV Bancorp's well-capitalized status and low credit losses help ensure stability and trust for their customers and shareholders.
- CMUV Bancorp plans a Special Shareholder Meeting on July 15, 2025, for the proposed transaction with Frontwave Credit Union.
Impact - Why it Matters
This news matters as it highlights the financial performance of CMUV Bancorp and its future plans for a significant transaction with Frontwave Credit Union. Shareholders and investors should pay attention to the upcoming meeting in July 2025 to understand the potential impact on their investments.
Summary
CMUV Bancorp, the holding company for Community Valley Bank, announced unaudited 1st Quarter results for the quarter ending March 31, 2025. Net income was $405,669, with total assets reaching $305.2MM. The company also revealed plans for a Special Shareholder Meeting in July 2025 to seek approval for a transaction with Frontwave Credit Union.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, CMUV Bancorp Reveals Strong 1st Quarter Results and Plans for Special Shareholder Meeting
