Oak Valley Community Bank Announces Promotion of Rick McCarty to President

Rhea-AI Summary

Oak Valley Bancorp announced the promotion of Rick McCarty to President and Chief Operating Officer effective January 1, 2022. McCarty, who has more than 22 years of experience with the bank, previously served as Senior EVP and Chief Operating Officer. His leadership has been pivotal in the bank's mission-critical functions and overall success, according to President & CEO Christopher M. Courtney. The bank operates 17 branches and has recently received regulatory approval to open a new office in Roseville in the first quarter of 2022.

Positive

• Rick McCarty's promotion reflects effective succession planning and continuity in leadership.
• McCarty has over 22 years of experience, which adds stability to the management team.
• The company received regulatory approval for a new office in Roseville, indicating growth.

Negative

• None.

OAKDALE, Calif., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Christopher M. Courtney, President & CEO of Oak Valley Bancorp, (NASDAQ: OVLY) and its wholly owned subsidiary, Oak Valley Community Bank, announced the promotion of Rick McCarty to President and Chief Operating Officer effective January 1, 2022.

McCarty has been with Oak Valley for over 22 years, joining the bank at a time when Oak Valley had 3 branches and less than $150 million in total assets. He has served the bank as Senior EVP and Chief Operating Officer since 2017. Prior to that McCarty held the Chief Administrative Officer and Chief Financial Officer positions concurrently.

“Rick has been an integral part of the growth and prosperity of the bank. His oversight of the bank’s mission critical functions and the instrumental role he plays within the management team have been key drivers of our success,” stated Chris Courtney, President and CEO. "This promotion signals the influence he has had on the Company through the years and illustrates the continued execution of our succession planning initiatives.”

“From our frontline employees to our administrative and support departments, we are very fortunate to have assembled a team here at Oak Valley that continually challenges themselves to provide the best banking experience imaginable for our clients. This transition will be seamless because we have a shared vision which keeps us aligned and able to connect the performance of core competencies with the achievement of long-term strategic goals,” concluded Rick McCarty, Senior Executive VP and COO.

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. The Company recently announced it has received regulatory approval to open a new office in Roseville, which is slated for the first quarter of 2022.

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 was promoted at Oak Valley Bancorp?

Rick McCarty was promoted to President and Chief Operating Officer.

When will Rick McCarty's promotion take effect?

His promotion will take effect on January 1, 2022.

What role did Rick McCarty hold before his promotion?

He served as Senior EVP and Chief Operating Officer prior to his promotion.

How long has Rick McCarty been with Oak Valley Bancorp?

He has been with the bank for over 22 years.

What recent development indicates growth for Oak Valley Bancorp?

The bank received regulatory approval to open a new office in Roseville in the first quarter of 2022.