Le Lézard
Classified in: Business

OVBC announces extension of Stock Buyback Program


GALLIPOLIS, Ohio, Aug. 18, 2022 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] (the "Company") announced the Board of Directors has authorized the extension date of its existing stock buyback program to August 31, 2023.

The program was originally approved by the board in 2021 and was set to expire August 31 of this year. With the extension, the share repurchase program will continue to authorize the repurchase of up to $5 million in shares of the Company's outstanding common stock.

Other than the extension of the program for an additional year, no changes were made to the stock buyback program.

As of August 17, 2022, the Company had repurchased approximately $954,000 in common stock. The program may be terminated or amended by the Board at any time prior to the expiration date.

About Ohio Valley Banc Corp.

Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The company owns The Ohio Valley Bank Company, with 16 offices in Ohio and West Virginia, and Loan Central, Inc., with six consumer finance offices in Ohio. The Ohio Valley Bank Company opened a new online consumer direct mortgage company in the fall of 2021 called Race Day Mortgage. Learn more about Ohio Valley Banc Corp. at www.ovbc.com.

Contact: Scott Shockey, CFO 740-446-2631

SOURCE Ohio Valley Banc Corp.


These press releases may also interest you

at 23:17
A forum promoting cultural exchanges between China and Argentina was held in Beijing on Wednesday with senior officials from both countries pledging to advance the concept of a community with a shared future for mankind.  ...

at 22:42
TSX VENTURE COMPANIES RECYLICO BATTERY MATERIALS INC. ("AMY")[formerly American Manganese Inc. ("AMY")]BULLETIN TYPE:  Name ChangeBULLETIN DATE:  September 29, 2022TSX Venture Tier 2 Company Pursuant to a resolution passed by shareholders July 8,...

at 22:39
Tech River is honored to be the IT Partner for Twin Cities in Motion (TCM) providing IT and Cybersecurity services and to have the opportunity to help sponsor their marque event the Medtronic Twin Cities Marathon Weekend. ...

at 22:12
Shiny Health & Wellness Corp. ("Shiny Health" or the "Company") today reported financial results for its fiscal year 2023 second quarter for the three and six months ended July 31, 2022 (the "second quarter")....

at 21:40
A news report by Huanqiu.com: At present, a new round of sci-tech revolution and industrial transformation worldwide is greatly influencing production and people's lives. The internet, big data and artificial intelligence are achieving more extensive...

at 21:05
Azure Printed Homes (Azure), innovators of 3D printing building technology utilizing recycled plastic, has been chosen by Enfield Housing Corp. for the delivery of seven two-bedroom homes. Enfield Housing Corp.'s mission is to combat gentrification...



News published on 18 august 2022 at 18:58 and distributed by: