Oak Valley Bancorp to Pay Cash Dividend
January 18 2018 - 1:15PM
On January 16, 2018, the Board of Directors of Oak Valley Bancorp
(NASDAQ:OVLY), the bank holding company for Oak Valley Community
Bank and Eastern Sierra Community Bank, declared the payment of a
cash dividend of $0.130 per share of common stock to its
shareholders of record at the close of business on January 29,
2018. In aggregate, the distribution will amount to approximately
$1,053,000. The payment date will be February 9, 2018.
Oak Valley Bancorp operates Oak Valley Community
Bank & Eastern Sierra Community Bank, through which it offers a
variety of loan and deposit products to individuals and small
businesses. They currently operate through 16 conveniently located
branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon,
Manteca, Tracy, two branches in Sonora, three branches in Modesto,
a loan production office in Downtown Sacramento, and three branches
in their Eastern Sierra Division, including Bridgeport, Mammoth
Lakes and Bishop.
For more information, please call 1-866-844-7500
or visit www.ovcb.com.
This press release includes forward-looking
statements about the corporation for which the corporation claims
the protection of safe harbor provisions contained in the Private
Securities Litigation Reform Act of 1995.
Forward-looking statements are based on
management's knowledge and belief as of today and include
information concerning the corporation's possible or assumed future
financial condition, and its results of operations and business.
Forward-looking statements are subject to risks and uncertainties.
A number of important factors could cause actual results to differ
materially from those in the forward-looking statements. Those
factors include fluctuations in interest rates, government policies
and regulations (including monetary and fiscal policies),
legislation, economic conditions, including increased energy costs
in California, credit quality of borrowers, operational factors and
competition in the geographic and business areas in which the
company conducts its operations. All forward-looking statements
included in this press release are based on information available
at the time of the release, and the Company assumes no obligation
to update any forward-looking statement.
Contact: |
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Chris Courtney/Rick
McCarty |
Phone: |
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(209) 848-2265 |
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www.ovcb.com |
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www.escbank.com |
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