SOURCE: Oak Valley Community Bank

May 07, 2007 12:17 ET

Oak Valley Community Bank to Offer Stock

OAKDALE, CA -- (MARKET WIRE) -- May 7, 2007 -- Oak Valley Community Bank (OTCBB: OVYB), headquartered in Oakdale, California, is pleased to announce that it recently obtained approval by the California Department of Financial Institutions to conduct a common stock offering to raise approximately $15,000,000 in additional capital. The Bank will raise the additional capital by offering to existing shareholders the right to purchase common stock of the Bank for a period of 30 days beginning on or about May 14, 2007, followed by a public offering of any shares not purchased in the rights offering. The offering is scheduled to end by mid-July.

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, Escalon, Sonora, Turlock, Stockton, Patterson, Ripon, two branches in Modesto, and three branches in their Eastern Sierra Division, which include Bridgeport, Mammoth Lakes and Bishop.

Contact Information

  • Contact:
    Rick McCarty/Ron Martin
    Phone: (209) 848-BANK (2265)
    www.ovcb.com