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