Contact Information: Contact: Ron Martin/Chris Courtney/Rick McCarty Phone: (209) 848-2265 www.ovcb.com www.escbank.com
Oak Valley Bancorp Receives NASDAQ Listing Approval
| Source: Oak Valley Bancorp
OAKDALE, CA--(Marketwire - January 15, 2009) - Oak Valley Bancorp (NASDAQ : OVLY ), the bank
holding company for Oak Valley Community Bank and Eastern Sierra Community
Bank, announced today that it has received approval for trading its stock
on the NASDAQ Capital Market. The Company will continue to trade under
the ticker symbol OVLY.
"The transition to NASDAQ Capital Market reflects the continued growth and
success of the Company. Being listed on NASDAQ will provide greater
visibility and increase the ease in which investors can buy and sell
shares," offered Ronald C. Martin, CEO. "To qualify for listing on the
NASDAQ Capital Market, Oak Valley Bancorp had to meet certain standards and
financial requirements. The Company met or exceeded all such standards and
financial requirements, which include being a SEC reporting company under
the 1934 Exchange Act and abiding to the NASDAQ corporate governance
rules," Martin concluded.
Oak Valley Bancorp operates Oak Valley & Eastern Sierra Community Bank,
through which it offers a variety loan and deposit products to individuals
and small businesses. The Company 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.