Oak Valley Bancorp

Oak Valley Bancorp is a bank holding company,which operates through its subsidiary, Oak Valley Community Bank offers commercial banking services. It offers checking and savings, money markets, home loans, home equity loans, consumer loans, debit master card, telephone banking, mobile banking, commercial loans, agricultural loans, small business loans, and payroll services. The company was founded on April 1, 2008 and is headquartered in Oakdale, CA.

Earnings data Q2 2024

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Oak Valley Bancorp is a bank holding company, which engages in the business of operating its subsidiary, Oak Valley Community Bank. It offers a variety of loan and deposit products to individuals and small businesses. The company was founded on May 31, 1990 and is headquartered in Oakdale, CA.

OAKDALE, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results for the first quarter of 2024. For the three months ended March 31, 2024, consolidated net income was $5,727,000, or $0.69 per diluted share (EPS). This compared to consolidated net income of $5,865,000, or $0.71 EPS, for the prior quarter and $9,225,000, or $1.12 EPS, for the same period a year ago. The net income decrease compared to prior periods was primarily the result of an increase in deposit interest expense. Average cost of funds increased to 68 bps as of March 31, 2024, compared to 55 bps for the prior quarter and 10 bps for the first quarter of 2023. This was partially offset by loan growth of $22.9 million over the prior quarter.

Oak Valley Bancorp Reports 1st Quarter Results

OAKDALE, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Friday, January 19th by Oak Valley Bancorp (NASDAQ: OVLY), please note that in the third sentence of the ninth paragraph, the loan growth during the quarter should be $45.3 million, not $100.8 million.

CORRECTION – Oak Valley Bancorp Reports 4th Quarter Results and Announces Cash Dividend

OAKDALE, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results.

Oak Valley Bancorp Reports 4th Quarter Results and Announces Cash Dividend

OAKDALE, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), today announced key additions to the executive management team following the promotions of Jeff Gall, Executive Vice President, Chief Financial Officer, Kim Booke, Executive Vice President, Chief Risk Officer, and Theresa Roland, Executive Vice President, Chief Human Resources Officer.

Oak Valley Community Bank Announces Key Additions to Executive Management Team

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OAKDALE, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results.

Oak Valley Bancorp Reports 3rd Quarter Results

OAKDALE, Calif., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Eric J. Manning has joined the bank as Vice President, Commercial Banking Officer. He is based out of the Roseville Office.

Oak Valley Community Bank Announces Commercial Banking Officer Hiring

OAKDALE, Ca., July 21, 2023 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2023, consolidated net income was $8,404,000, or $1.02 per diluted share (EPS), as compared to $9,225,000, or $1.12 EPS, for the prior quarter and $4,258,000, or $0.52 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2023 was $17,629,000, or $2.14 EPS, compared to $6,627,000 or $0.81 EPS for the same period of 2022.

Oak Valley Bancorp Reports 2nd Quarter Results And Announces Cash Dividend

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OAKDALE, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY) announced the opening of its eighteenth full-service branch. The new Roseville Branch is located at 1478 Stone Point Drive, Suite 150, just off the Eureka Road exit of Highway 80.

Oak Valley Community Bank Opens Roseville Branch

OAKDALE, Calif., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), was recognized by both Success Capital – Certified Development Corporation as their “Most Active SBA 504 Lending Partner” and by the Valley Small Business Development Corporation for the “Mo st Loan Guarantees Funded & Largest Total Dollar Aggregate Funded” during the most recent Success Capital and Valley Small Business fiscal years.

Oak Valley Community Bank Receives Multiple SBA and Valley Small Business Lending Accolades

OAKDALE, Calif., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced they have received approval on a 2022 AHEAD grant of $27,500, which was submitted to the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) on behalf of Jessica's House.

Oak Valley Community Bank Receives Approval on $27,500 Grant Submitted to Support Jessica's House in Turlock

OAKDALE, Calif., Aug. 24, 2022 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced the promotion of Tina Corgiat-Rey to Assistant Vice President, Branch Manager of the bank's Patterson Branch.

Oak Valley Community Bank Announces Promotion

OAKDALE, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2022, consolidated net income was $4,258,000, or $0.52 per diluted share (EPS), as compared to $2,369,000, or $0.29 EPS, for the prior quarter and $3,960,000, or $0.48 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2022 was $6,627,000, or $0.81 EPS, compared to $8,316,000 or $1.02 EPS for the same period of 2021. The increase in second quarter net income compared to the prior quarters was due to an increase in net interest income driven by strong growth in our loan and investment portfolios, combined with higher yields on earning assets. The decrease in year-to-date results is attributable to a reduction in Paycheck Protection Program (“PPP”) loan interest and fee income from $4,793,000 in 2021 to $749,000 in 2022.

Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend

OAKDALE, Calif., May 17, 2022 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Jaime Tavares has joined the bank as Vice President, Branch Manager of the bank's Turlock Branch.

Oak Valley Community Bank Announces Branch Manager Hiring

OAKDALE, Calif., March 25, 2022 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced the promotion of Lisa Melville to Vice President, Commercial Loan Officer. Melville is based out of the bank's Downtown Sonora Branch.

Oak Valley Community Bank Announces Vice President Promotion

OAKDALE, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Dean Baldwin has joined the bank as Vice President, Commercial Loan Officer. He is based out of the Sacramento-Capitol Mall branch.

Oak Valley Community Bank Announces Commercial Loan Officer Hiring

OAKDALE, Calif., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Christopher M. Courtney, President & CEO of Oak Valley Bancorp, (NASDAQ: OVLY) and its wholly owned subsidiary, Oak Valley Community Bank, announced the promotion of Rick McCarty to President and Chief Operating Officer effective January 1, 2022.

Oak Valley Community Bank Announces Promotion of Rick McCarty to President

OAKDALE, Calif., Nov. 01, 2021 (GLOBE NEWSWIRE) -- On November 1, 2021, Gary Strong accepted his appointment to the Boards of Directors of Oak Valley Bancorp (the “Company”) [NASDAQ: OVLY] and its wholly owned subsidiary Oak Valley Community Bank (the “Bank”).

Oak Valley Bancorp and Oak Valley Community Bank Appoint New Director

OAKDALE, Calif., Oct. 07, 2021 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY) recently announced it has received regulatory approval to establish its 18th full-service branch. The new office will be located at 1478 Stone Point Drive in Roseville and is scheduled to open in the first quarter of 2022.

Oak Valley Community Bank to Open New Branch in Roseville

OAKDALE, Calif., June 28, 2021 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), is pleased to announce that it placed 85th on American Banker magazine's list of the Top 200 Publicly Traded Community Banks with less than $2 billion in assets. The ranking, based on a three-year average of each bank's return on average equity, placed Oak Valley Community Bank 9th out of the 26 California banks to achieve this ranking.

Oak Valley Community Bank Ranks in the Top 200 Publicly Traded Banks by American Banker Magazine

OAKDALE, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division recently announced the promotions of Mike Garcia and Jeff Hushaw to Senior Vice President, Commercial Lending. Garcia and Hushaw will continue to focus on lending and business development opportunities throughout the San Joaquin Valley.

Oak Valley Community Bank – Commercial Banking Group Announces Senior Vice President Promotions

OAKDALE, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently announced the promotions of Julie DeHart to Executive Vice President, Retail Banking Group, and Cathy Ghan to Executive Vice President, Commercial Real Estate Group.

Oak Valley Community Bank Announces Executive Vice President Promotions

OAKDALE, Calif., Nov. 02, 2020 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), was recently recognized by Success Capital Expansion and Development Corporation as their “Most Active SBA 504 Lending Partner” in 2020. Success Capital helps small businesses throughout California secure favorable fixed-rate financing for real estate projects and equipment. 

Oak Valley Community Bank Receives Most Active 504 Lender Accolades

OAKDALE, Calif., April  27, 2020  (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Bancorp”), the bank holding company for Oak Valley Community Bank (“the Bank”) and Eastern Sierra Community Bank, announced the retirement of Michael Q. Jones from the Bank and Company’s Boards of Directors, effective May 31, 2020.

News for Oak Valley Bancorp Stock (OVLY)