United States
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 8, 2005
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NORTH VALLEY BANCORP
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation)
0-10652 94-2751350
(Commission File Number) (IRS Employer Identification No.)
300 Park Marina Circle, Redding, CA 96001
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (530) 226-2900
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, effective on February 4, 2005, the Employment
Agreement dated August 31, 2004, between John A. DiMichele and North Valley
Bancorp and Yolo Community Bank, was terminated.
North Valley Bancorp, NVB Business Bank (formerly named Yolo Community
Bank) and John A. DiMichele have entered into a Severance and Release Agreement,
confirming the termination of said Employment Agreement, the payment of
severance, and certain other employment related matters. The Severance and
Release Agreement became final on March 8, 2005. A copy of the Severance and
Release Agreement is attached to this report as Exhibit 99.78 and is
incorporated here by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
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(99.78) Severance and Release Agreement with John A. DiMichele
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORTH VALLEY BANCORP
(Registrant)
Dated: March 8, 2005. By: /s/ LEO J. GRAHAM
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Leo J. Graham
General Counsel/Secretary
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