Rabobank, N.A., said its board "confirmed the Central Valley's importance to the bank's future" during its two-day meeting in Merced on April 13-14.
The directors regularly meet in the bank's various regions to get a better understanding of the communities where it does business.
Cor Broekhuyse, board member and recently retired regional head of Rabobank International-Americas, introduced Ed Rocha as regional president, the bank said in a news release. He also discussed the "success" the region has had since Rabobank opened eight new branches and a financial service center in 2009. The board is made up of both bank officials and outside directors.
"The board appreciated hearing about local issues from some of our senior staff members in the region, and they got a firsthand look at the positive impact Rabobank has had on our customers and the communities we serve," Rocha said in the news release. "It was a very productive meeting for the board and showed the value they place on local decision-making here in the Central Valley."
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Since May 2009, eight new Rabobank branches have opened in the region, including two in Merced, two in Modesto and one each in Atwater, Los Banos, Turlock and Newman. A new financial service center also opened in Modesto in 2009.