GALLIPOLIS, Ohio, July 23, 2021 /PRNewswire/ -- Ohio Valley Banc
Corp. [Nasdaq: OVBC] (the "Company") announced the Board of
Directors has authorized the repurchase of up to $5 million in shares of the Company's outstanding
common stock.
Repurchases will be made periodically depending on market
conditions and other factors. Repurchases may be made in the open
market, through block trades and pursuant to any trading plan that
may be adopted in accordance with Rule 10b5-1 of the Securities
Exchange Commission or otherwise, and also in privately negotiated
transactions.
The repurchased shares will be held as treasury stock and will
be available for general corporate purposes. The exact number of
shares to be repurchased by the Company is not guaranteed.
Depending on market conditions and other factors, these purchases
may be commenced or suspended at any time or periodically without
prior notice.
The stock buyback program has an expiration date of August 31, 2022, and may be terminated or amended
by the Board at any time prior to the expiration date.
About Ohio Valley Banc Corp.
Ohio Valley Banc Corp.
common stock is traded on the NASDAQ Global Market under the symbol
OVBC. The holding company owns The Ohio Valley Bank Company, with
15 offices in Ohio and
West Virginia, and Loan Central,
Inc. with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp.
at www.ovbc.com.
Contact: Scott Shockey, CFO
(740) 446-2631
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SOURCE Ohio Valley Banc Corp.