Welcome to our dedicated page for Oak Vally Bancrp news (Ticker: OVLY), a resource for investors and traders seeking the latest updates and insights on Oak Vally Bancrp stock.
Oak Valley Bancorp (OVLY) provides community-focused banking services across California's Central Valley, serving businesses and individuals through personalized financial solutions. This page aggregates official news and developments from this Nasdaq-traded regional bank.
Investors and stakeholders will find timely updates including quarterly earnings reports, leadership announcements, and strategic expansion initiatives. The curated collection serves as a reliable resource for tracking OVLY's financial performance and community engagement efforts.
Content spans regulatory filings, operational updates, and community partnership announcements. Key focus areas include the bank's de novo branch expansion strategy, service excellence initiatives, and financial health indicators.
Bookmark this page for streamlined access to OVLY's latest developments. Check back regularly for updates reflecting the bank's commitment to transparent communication and regional economic growth.
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.
Oak Valley Community Bank (NASDAQ: OVLY) has announced the appointment of Jean Turpen as Vice President, Commercial Credit Officer at their Roseville office. Turpen brings 21 years of banking experience and will oversee client relationship management, portfolio management, and credit analysis.
Working with the Greater Sacramento Region team, she will focus on driving sustainable growth while maintaining service excellence. Turpen holds a bachelor's degree in mathematics from University of Alaska Anchorage and is a member of the Construction Financial Management Association (CFMA).
Oak Valley Community Bank, a subsidiary of Oak Valley Bancorp, currently operates 18 branches across various California locations including Oakdale, Turlock, Stockton, and the Eastern Sierra division. The bank plans to open its 19th branch in Lodi later this year.
Oak Valley Community Bank, subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), has received regulatory approval to open its 19th full-service branch in downtown Lodi, scheduled for mid-2025. The new branch, located at 31 South School Street, will be the bank's sixth location in San Joaquin County.
The Lodi branch will offer comprehensive personal and commercial banking services, including a walk-up ATM, night deposit service, and offices for commercial lending and administrative personnel. This expansion marks a significant growth in the bank's San Joaquin County presence, which began in 2005.
Oak Valley Community Bank currently operates 18 branches across various locations including Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Sonora, Modesto, and their Eastern Sierra division branches in Bridgeport, Mammoth Lakes, and Bishop.
Oak Valley Bancorp (NASDAQ: OVLY) reported Q4 2024 consolidated net income of $6,008,000 ($0.73 EPS), compared to $7,324,000 ($0.89 EPS) in Q3 2024 and $5,865,000 ($0.71 EPS) in Q4 2023. Full-year 2024 net income was $24,948,000 ($3.02 EPS), down 19.1% from $30,848,000 ($3.75 EPS) in 2023.
The company's total assets reached $1.90 billion, with gross loans at $1.11 billion and total deposits at $1.70 billion as of December 31, 2024. Net interest margin was 4.00% for Q4 2024, compared to 4.04% in Q3 2024 and 4.15% in Q4 2023.
The Board declared a cash dividend of $0.30 per share, payable on February 14, 2025, to shareholders of record as of February 3, 2025, totaling approximately $2,507,000.
Oak Valley Community Bank (NASDAQ: OVLY) has been named '2024 SBA 504 Most Active Bank' by Success Capital CDC, while their Vice President Rob Gildea received the '2024 SBA 504 Most Active Loan Officer' award. These recognitions cover lending activities across six California counties. The bank's achievements highlight its commitment to small business lending through the SBA 504 Program, which provides low down payment, fixed-rate financing for business owners to purchase or build facilities.
The bank operates through 18 branches across California, including locations in Oakdale, Turlock, Stockton, and other cities. The recognition ceremony was held in November, attended by key bank executives and commercial banking officers.
Oak Valley Community Bank, a subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), has announced the appointment of David Skitarelic as Vice President, Commercial Banking Officer at their Roseville office. Skitarelic brings 30 years of Sacramento-area commercial banking experience and will focus on commercial lending and business development in the Greater Sacramento region. The bank operates through 18 branches across various locations including Oakdale, Turlock, Stockton, and the Eastern Sierra division, offering loan and deposit products to individuals and small businesses.
Oak Valley Community Bank, subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), has secured approval for two 2024 AHEAD grants from the Federal Home Loan Bank of San Francisco totaling $125,000. The grants will benefit Turlock Gospel Mission ($100,000) and Habitat for Humanity of Tuolumne County ($25,000). The funding will support workforce development through Volente Coffee Roasters and upgrade communication infrastructure for affordable housing initiatives. These grants are part of a larger $7.3 million AHEAD funds distribution across Arizona, California, and Nevada, supporting 84 economic development projects.
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