Oak Valley Bancorp to Pay Cash Dividend
OAKDALE, CA -- (Marketwired) -- 12/19/13 -- On December 17, 2013,
the Board of Directors of Oak Valley Bancorp (NASDAQ: OVLY), the bank
holding company for Oak Valley Community Bank and Eastern Sierra
Community Bank, declared the payment of a cash dividend of $0.10 per
share of common stock to its shareholders of record at the close of
business on January 6, 2014. The payment date will be January 21,
According to Chris Courtney, President and CEO of Oak Valley Bancorp
and Oak Valley Community Bank, "The payment reflects the continued
strength of the Bank's performance and our growing confidence in the
Central Valley's economic recovery." As a result the Board has opted
to reward our loyal shareholder base with a distribution that, in the
aggregate, will amount to approximately $792,000.
The Company currently operates through 14 branches in Oakdale,
Sonora, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, three
branches in Modesto, and three branches in their Eastern Sierra
Division, which includes Bridgeport, Mammoth Lakes, and Bishop.
For more information, please call 1-866-844-7500 or visit
This press release includes forward-looking statements about the
corporation for which the corporation claims the protection of safe
harbor provisions contained in the Private Securities Litigation
Reform Act of 1995.
Forward-looking statements are based on management's knowledge and
belief as of today and include information concerning the
corporation's possible or assumed future financial condition, and its
results of operations and business. Forward-looking statements are
subject to risks and uncertainties. A number of important factors
could cause actual results to differ materially from those in the
forward-looking statements. Those factors include fluctuations in
interest rates, government policies and regulations (including
monetary and fiscal policies), legislation, economic conditions,
including increased energy costs in California, credit quality of
borrowers, operational factors and competition in the geographic and
business areas in which the company conducts its operations. All
forward-looking statements included in this press release are based
on information available at the time of the release, and the Company
assumes no obligation to update any forward-looking statement.
Chris Courtney/Rick McCarty
Phone: (209) 848-2265
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