Item 5.02 (e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

(b) The service of Dawn P. Crusinberry as interim Chief Financial Officer of Central Valley Community Bancorp ("Company"), the parent company of Central Valley Community Bank ("Bank"), will terminate upon the commencement of Ms. Shannon R. Avrett's service as the Company's and the Bank's new Chief Financial Officer, which is expected to commence as of February 14, 2023. Ms. Crusinberry will remain with the Company as an Executive Vice President and will remain as Principal Accounting Officer until the Company's 2022 Form 10-K is filed.

(c) On January 27, 2023, Central Valley Community Bancorp ("Company"), the parent company of Central Valley Community Bank ("Bank"), agreed to appoint Shannon R. Avrett as Executive Vice President and Chief Financial Officer of the Company and the Bank, commencing February 14, 2023.

Ms. Avrett, age 40, joins the Company after spending the past five years serving roles of Executive Vice President, Chief Financial Officer; Vice President, Controller; and Vice President, Internal Controls and Financial Reporting Manager in California financial institutions with asset sizes ranging from $200 million to $18 billion. Ms. Avrett is a certified public accountant and was with Moss Adams LLP for 10 years. She graduated from Stanford University with a Bachelor of Arts, Economics degree.

Ms. Avrett will receive an annual base salary of $300,000; will be eligible to participate in executive management incentive plans, benefits, and perquisites. Ms. Avrett will also receive a $15,000 one-time signing bonus, will be eligible for restricted stock granted similar to that provided to other executive level grants after the annual shareholders meeting, and will qualify for consideration in a salary continuation and split dollar arrangement.

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