OVBC ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Ohio Valley Banc Corp. (Nasdaq: OVBC) declared a cash dividend of $0.21 per common share, payable on Feb. 10, 2022, for shareholders on record as of Jan. 28, 2022. This reflects the company's commitment to consistent, quarterly dividends. Despite pandemic challenges, OVBC opened a new branch in Mason County and launched Race Day Mortgage, enhancing service capabilities. The CEO emphasizes community focus and shareholder support as integral to the bank's ongoing growth strategy.

Positive

• Declared a cash dividend of $0.21 per share, maintaining a consistent quarterly dividend.
• Opened a new branch in Mason County, expanding market presence.
• Launched Race Day Mortgage, diversifying service offerings.

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• None.

GALLIPOLIS, Ohio, Jan. 18, 2022 /PRNewswire/ -- On Jan. 18, 2022, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.21 per common share payable on Feb. 10, 2022, to shareholders of record as of the close of business on Jan. 28, 2022. OVBC continues to maintain a consistent, regular quarterly dividend of $0.21 per common share.

Chairman and CEO Tom Wiseman said, "Despite the uncertainty of the past two years due to the pandemic, our commitment to remain an independent community bank remains stronger than ever. We closed out 2021 by opening a new branch to better serve our customers in Mason County. We also opened Race Day Mortgage, Inc., a new subsidiary of Ohio Valley Bank. In addition, we were able to resume our employee IMPACT program, which allows our bankers to take time out of their daily duties to volunteer within the communities we so proudly serve. The support of our shareholders means so much to us as we continue to move forward, grow and as always, put our Community First."

Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The primary subsidiaries of the company are: Ohio Valley Bank and Loan Central. Ohio Valley Bank is an FDIC-insured, state member bank of the Federal Reserve operating 16 offices in Ohio and W.Va. The bank also owns and operates Race Day Mortgage, an online-only consumer direct mortgage subsidiary. Loan Central, specializing in tax preparation and loans, is a finance company with six offices in southern Ohio. Ohio Valley Banc Corp. stock is traded on The NASDAQ Global Market under the symbol OVBC. For more information, visit www.ovbc.com.

Contact: Scott Shockey or Bryna Butler, (740) 446-2631, 1-800-468-6682

View original content:https://www.prnewswire.com/news-releases/ovbc-announces-cash-dividend-301463299.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend amount declared by Ohio Valley Banc Corp.?

Ohio Valley Banc Corp. declared a cash dividend of $0.21 per common share.

When is the dividend payment date for OVBC?

The dividend payment date for OVBC is February 10, 2022.

Who is eligible for the dividend declared by OVBC?

Shareholders of record as of January 28, 2022, are eligible for the dividend.

How often does Ohio Valley Banc Corp. pay dividends?

Ohio Valley Banc Corp. pays dividends quarterly.

What recent developments has Ohio Valley Banc Corp. undertaken?

Recently, OVBC opened a new branch and launched a new subsidiary, Race Day Mortgage.