OVBC ANNOUNCES SPECIAL CASH DIVIDEND

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Ohio Valley Banc Corp. announces special cash dividend

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• Ohio Valley Banc Corp. has declared a special cash dividend of $0.15 per common share. The dividend is payable on June 10, 2023, to shareholders of record as of June 1, 2023. This announcement celebrates the company's 150 years in business and is a result of their record earnings in 2022.

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GALLIPOLIS, Ohio, May 17, 2023 /PRNewswire/ -- On Wednesday, May 17, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a special cash dividend of $0.15 per common share payable on June 10, 2023, to shareholders of record as of the close of business on June 1, 2023.

"We are pleased to announce this special dividend. It not only celebrates our 150 years in business but also comes a direct result of our record earnings obtained in 2022. Our shareholders along with support from our customers and community got us to where we are today, and we look forward to seeing what the next 150 years will bring," Tom Wiseman, OVB Chairman of the Board, said.

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 17 offices in Ohio and West Virginia. 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 or www.myloancentral.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-special-cash-dividend-301827475.html

SOURCE Ohio Valley Banc Corp.

FAQ

When will Ohio Valley Banc Corp. pay the special cash dividend?

The special cash dividend will be payable on June 10, 2023.

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

Ohio Valley Banc Corp. has declared a special cash dividend of $0.15 per common share.

Who is eligible to receive the special cash dividend?

Shareholders of Ohio Valley Banc Corp. as of the close of business on June 1, 2023, are eligible to receive the special cash dividend.

Why did Ohio Valley Banc Corp. declare a special cash dividend?

The special cash dividend is a result of the company's record earnings obtained in 2022 and is also a celebration of their 150 years in business.

Where is Ohio Valley Banc Corp. based?

Ohio Valley Banc Corp. is based in Gallipolis, Ohio.