Valley Republic Bancorp (OTCQX:VLLX) is a small 3-branch community bank headquartered in Bakersfield, California. The company was put together in 2009 when 24 local founders teamed-up to provide improved niche services or relationships that they felt the community was lacking. Like most other start-up financials, it took the bank some time to gain traction, but shares have taken off and there’s reason to believe this can continue.
The bank is highly dependent on the small business community that it finances, but it has an impeccable lending history and if this holds up each