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Oak Valley Bank planning branch in Manteca near North & Main
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Oak Valley Community Bank is planning to open a Manteca branch in the new retail complex in the 100 block of North Street just west of North Main Street.

The Federal Reserve Bank of San Francisco is taking comments on the request for the Oakdale-based bank to open a branch in Manteca until Jan. 21.

If approved Oak Valley would become the city’s 14th financial institution and the seventh in the central district. The others in Central Manteca are Compass, Golden Valley Credit Union, Bank of America, Financial Center Credit Union, Chase, and Wells Fargo.

Oak Valley bank was founded in 1990.

The doors to the main office in Oakdale at the corner of Highways 120 and 108 opened in 1991. There are two branches in Modesto as well as branches in Ripon, Escalon, Sonora, Modesto, Turlock, and Patterson.

Oak Valley in 2000 established Eastern Sierra community Bank with the first branch located in Bridgeport. Additional branches were opened in Mammoth Lakes and Bishop.

There are now 12 branches with more than $500 million in assets.

Oak valley in 2007 announced plans to build a 95-foot high, six-story office building in Manteca on the southwest corner of the Highway 120 Bypass and Highway 99 interchange to house its operations division as well as a future branch. When built, it would be Manteca’s tallest building.

The building has been approved but the downturn in the economy prompted the bank to put the project on hold. The bank purchased four acres where they plan to build the 60,000-aquare-foot office building as part of the Manteca Commerce Park project.

The site was selected to give the bank visibility plus provide a central location for its ultimate expansion plans to serve the valley from Fresno to Elk Grove.