OVBC Announces Cash Dividend
November 27, 2012
Today, November 27, 2012, the Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend payable on December 14, 2012, in the amount of $0.21 per common share to shareholders of record on December 7, 2012. The Board determined to declare and pay early the dividend that normally would be considered for payment in February 2013.
Thomas E. Wiseman, President and Chief Executive Officer, commented, "The prepayment of the first quarter 2013 dividend, in the fourth quarter of 2012, is based on Ohio Valley Banc Corp.'s stable capital position, financial performance for the first nine months of 2012, and potential changes in tax rates that could adversely affect America's taxpayers, including Ohio Valley Banc Corp.'s shareholders, in 2013."
Ohio Valley Banc Corp. owns two subsidiaries: Ohio Valley Bank and Loan Central. Ohio Valley Bank is a state-chartered, FDIC-insured bank operating 15 offices in Ohio and West Virginia. Loan Central is a finance company with seven offices in Ohio. Ohio Valley Banc Corp. stock is traded on The NASDAQ Global Market under the symbol OVBC. The company's Web site is www.ovbc.com.
Source: Ohio Valley Banc Corp.