Contact Information: Contact: Ron Martin/Rick McCarty Phone: (209) 848-2265 www.ovcb.com www.escbank.com
Oak Valley Bancorp to Pay Cash Dividend
| Source: Oak Valley
OAKDALE, CA--(Marketwire - August 18, 2008) - Oak Valley Bancorp (OTCBB : OVLY ), the bank
holding company for Oak Valley Community Bank, declares a cash dividend.
The payout marks the 13th consecutive year the Bank has paid a cash
dividend and reflects the dividend being paid for the first and second
quarters of 2008.
The Board of Directors of Oak Valley Bancorp, at their meeting on August 5,
2008, declared the payment of a cash dividend of five cents per share to
shareholders of record at the close of business on August 29, 2008, with a
corresponding payable date of September 12, 2008. Going forward, Oak
Valley Bancorp will adopt a quarterly dividend payout schedule and will
announce dividends, if declared, on a quarterly basis.
Oak Valley Community Bank, formerly traded under the ticker symbol OVYB,
recently adopted a bank holding company structure and as a result became a
wholly owned subsidiary of Oak Valley Bancorp. Oak Valley Bancorp now
trades under the OVLY ticker.
Established in 1991, Oak Valley Community Bank offers a variety of loan and
deposit products dedicated to serving the needs of individuals and small
businesses. The Bank currently operates through 12 conveniently located
branches: Oakdale, Sonora, Turlock, Stockton, Patterson, Ripon, Escalon,
two branches in Modesto, and three branches in their Eastern Sierra
Division, which includes Bridgeport, Mammoth Lakes and Bishop.