Oak Vally Bancrp Stock Price, News & Analysis

Oak Valley Community Bank (NASDAQ: OVLY) has secured approval for $5.3 million in Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of San Francisco. The grants will support two major housing initiatives: $3.75 million for Modesto Gospel Mission and $1.596 million for Tuolumne Economic Development Authority (TEDA).

The funding will enable the development of 147 housing units across three projects: Grace Place (67 transitional units), Hannah's House (50 transitional units), and the Westside Subdivision (30 single-family homes). These projects include comprehensive support services such as case management, job training, and educational programs to assist vulnerable populations.

The grants are part of FHLBank San Francisco's broader $49.7 million AHP initiative for 2025, supporting affordable housing projects across Arizona, California, and Nevada.

Oak Valley Community Bank (NASDAQ: OVLY) has announced the appointment of Mariam Shah as Vice President and Branch Manager of their upcoming Lodi Branch. Shah brings over 10 years of banking experience and will oversee daily operations at the new location, which will be the bank's 19th branch.

The new branch, located at 31 South School Street in Lodi, is scheduled to open later this summer. Shah, who holds a BS in Business Administration from Georgia College and State University, will focus on building new business relationships within the Lodi community. This expansion adds to Oak Valley's existing network of branches across California, including locations in Oakdale, Turlock, Stockton, and other communities.

Oak Valley Bancorp announced key changes to its Board of Directors effective June 17, 2025. Long-serving directors Thomas A. Haidlen and Danny L. Titus, who joined in 1991 and 1992 respectively, have retired from both the Bank and Company boards. Erich A. Haidlen has been appointed as their successor. E. Haidlen, currently serving as General Manager and President of Haidlen Ford, brings significant business and financial expertise to the board. He has been with Haidlen Ford since 1998 and previously worked as a Financial Analyst at FMV Opinions. As a fifth-generation resident of Stanislaus County, he offers extensive local knowledge and community connections. Oak Valley Bancorp operates Oak Valley Community Bank and Eastern Sierra Community Bank Division across 18 branches, with a 19th location planned to open in Lodi.

Oak Valley Community Bank (NASDAQ: OVLY) has been recognized as one of the 2025 Best Places to Work: Central Valley by Best Companies Group. The bank also received recognition from Opportunity Stanislaus for "Growing the Economy" after increasing their workforce by 10% in 2024. CEO Chris Courtney attributed this success to the company's service culture and employee commitment. The bank currently operates 18 branches across various California locations, with plans to open their 19th branch in Lodi later this year. The Best Places to Work program evaluates company practices, programs, and benefits through employee surveys, providing participants with detailed feedback for improving retention and recruitment strategies.

Oak Valley Community Bank (NASDAQ: OVLY) has announced the promotion of Jaime Gonzalez to Assistant Vice President, Branch Manager of the Modesto–Dale Road Branch. With over 20 years of banking experience and 8 years at OVCB, Gonzalez previously served as Customer Service Manager at the Modesto–McHenry Branch. In his new role, he will manage branch operations, sales efforts, and business development. Notably, Gonzalez was named Customer Service Manager of the Year in 2019. Oak Valley Bancorp operates Oak Valley Community Bank and Eastern Sierra Community Bank Division across 18 branches in California, with a 19th location planned to open in Lodi later this year.

Oak Valley Community Bank (NASDAQ: OVLY) has announced the appointment of Mark Kisting as Vice President, Commercial Banking Officer at their Sacramento office. Kisting brings 18 years of commercial banking experience in the Sacramento region and will focus on commercial lending and business development across the Greater Sacramento area.

The new hire will be based at the bank's 455 Capitol Mall location, supporting local businesses with financial solutions. Kisting holds a bachelor's degree from UCLA and an MBA from Southern Methodist University. He is actively involved in the community, serving as a board member and incoming president of Davis Little League and as a member of the Woodland Chamber of Commerce.

Oak Valley Bancorp currently operates 18 branches through Oak Valley Community Bank and Eastern Sierra Community Bank division, with locations across Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Sonora, Modesto, Bridgeport, Mammoth Lakes, and Bishop. A 19th branch is planned to open in Lodi later this year.

Oak Valley Bancorp (NASDAQ: OVLY) reported Q1 2025 financial results with net income of $5.3 million ($0.64 EPS), down from $6.0 million ($0.73 EPS) in Q4 2024 and $5.7 million ($0.69 EPS) in Q1 2024. The decrease was primarily due to increased operating expenses.

Key financial metrics include:

• Net interest income: $17.8 million
• Net interest margin: 4.09%
• Total assets: $1.92 billion (up $23.8 million from Q4)
• Gross loans: $1.09 billion
• Total deposits: $1.71 billion
• Non-performing assets remained at zero

The bank maintained strong liquidity with $209.3 million in cash and cash equivalents. Despite modest loan paydowns, the credit quality remained stable with an allowance for credit losses at 1.05% of gross loans.

Oak Valley Community Bank (NASDAQ: OVLY) has announced the appointment of Emma Brandstad as Commercial Banking Officer at their Stockton office. Brandstad brings nearly three years of experience in commercial and portfolio lending, and will focus on business development, loan portfolio management, and client relationships.

The new hire holds a bachelor's degree in agriculture business from CSU Fresno and a California Real Estate License. Gary Stephens, Executive Vice President of Commercial Banking Group, highlighted Brandstad's deep roots in Stockton and surrounding communities as valuable assets to the team.

Oak Valley Bancorp currently operates 18 branches across various California locations through Oak Valley Community Bank and Eastern Sierra Community Bank division, with plans to open its 19th branch in Lodi later this year.

Oak Valley Community Bank (NASDAQ: OVLY) has announced key promotions in its commercial banking division. Greg Mulder has been elevated to Vice President, Commercial Banking Officer, and John Westberg to Assistant Vice President, Commercial Banking Officer.

Mulder, based in Escalon, has been with the bank for 11 years, progressing from Credit Analyst to AVP Commercial Credit Officer. He will oversee a significant C&I loan portfolio. Westberg, based in Oakdale, has served seven years, advancing from Credit Analyst to Commercial Credit Officer.

Oak Valley Bancorp operates through 18 branches across various locations including Oakdale, Turlock, Stockton, and the Eastern Sierra division. The bank plans to open its 19th branch in Lodi later this year.