Oak Valley Bancorp and Oak Valley Community Bank Appoint New Director

Rhea-AI Summary

On December 15, 2020, Lynn Reeves Dickerson was appointed to the Board of Directors of Oak Valley Bancorp (NASDAQ: OVLY), effective January 5, 2021. Dickerson, who has been the CEO of the Gallo Center for the Arts since 2009, brings extensive experience from her 29-year career in the newspaper industry, including roles as Publisher & President of The Modesto Bee and Vice President of Operations at McClatchy Company. She expressed excitement about joining the Board and contributing to the company's growth and success.

Positive

• Lynn Dickerson's extensive leadership experience and community involvement may enhance Oak Valley Bancorp's strategic direction.
• Her prior success in driving economic viability could positively impact the bank's community relations and growth.

Negative

• Potential concerns about continuity in leadership experience with changes in the Board.

OAKDALE, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- On December 15, 2020, Lynn Reeves Dickerson accepted her appointment to the Board of Directors of Oak Valley Bancorp (the “Company”) [NASDAQ: OVLY] and its wholly-owned subsidiary Oak Valley Community Bank (the “Bank”), effective January 5, 2021.

Since 2009, Dickerson has been the CEO of the Gallo Center for the Arts. Her decade-long tenure was marked with operational excellence and tremendous community support.

Prior to joining the Gallo Center, Dickerson had a successful 29-year career in the newspaper industry; serving as Publisher & President of The Modesto Bee from 2000-2006 and subsequently as Vice President of Operations for The McClatchy Company, the parent company of The Modesto Bee. As a corporate officer at McClatchy, she oversaw 11 of their 30 newspapers throughout the country.

Dickerson is extremely active in the community, serving on many boards over the past 20 years. She currently serves on the board of the Stanislaus Community Foundation and Opportunity Stanislaus. She also represents Arts, Entertainment, and Sports on the Stanislaus County CEO’s Focus on Prevention Task Force. She was recently named a Board member Emeritus for the Stanislaus Education Foundation.

“Lynn has been incredibly successful collaborating with community resources and supporters to drive the economic viability of the Gallo Center and enrich the quality of life in our region. We couldn’t be more pleased to have her join our Boards of Directors,” stated Chris Courtney, President and CEO.

Dickerson and her husband Ron, of 40 plus years, are proud Stanislaus County residents. She is a native Texan and a graduate of Texas A&M University where she earned a degree in Marketing. In 2010, she was awarded the Toastmaster International Communication and Leadership Award for the 33rd District. She has been recognized by numerous organizations with prestigious accolades with honors ranging from Citizen and Woman of the Year to Lifetime Achievement.

Upon accepting the new Board position, Dickerson commented, “I have always respected Oak Valley Community Bank’s commitment to investing in the communities they serve. I am delighted to join their Board of Directors and leverage my experience to provide perspective and help provide guidance and governance to ensure the Company’s continued growth and success.”

Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 17 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop.

For more information, call 1-866-844-7500 or visit www.ovcb.com.

Contact:	Chris Courtney/Rick McCarty
Phone:	(209) 848-2265
	www.ovcb.com

FAQ

Who is Lynn Dickerson and what is her role at Oak Valley Bancorp?

Lynn Dickerson is a newly appointed Board member at Oak Valley Bancorp, effective January 5, 2021, bringing extensive experience from her leadership role at the Gallo Center for the Arts and previous roles in the newspaper industry.

What experience does Lynn Dickerson bring to the Board of Directors of OVLY?

Dickerson has significant leadership experience, including a successful tenure as the CEO of the Gallo Center for the Arts and 29 years in the newspaper industry, enhancing her ability to contribute to OVLY's strategic goals.

What is the expected impact of Lynn Dickerson's appointment on Oak Valley Bancorp?

Her appointment is expected to bring fresh perspectives and strengthen community relations, potentially aiding in the bank's growth and local engagement.