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 Community Bank
OAKDALE, CA--(Marketwire - November 5, 2008) - Oak Valley Bancorp (OTCBB : OVLY ), the bank
holding company for Oak Valley Community Bank, declares a cash dividend.
The payout reflects the dividend being paid for the third quarter of 2008.
This is the 13th consecutive year in which Oak Valley has paid a dividend
to investors and the payout continues the quarterly payment schedule which
was adopted this year.
The Board of Directors of Oak Valley Bancorp, at their meeting on November
4, 2008, declared the payment of a cash dividend of two and one-half cents
per share to shareholders of record at the close of business on November
19, 2008, with a corresponding payable date of December 3, 2008. This
brings the total dividend payout for the year to seven and one-half cents
per share.
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.