OVBC announces extension of Stock Buyback Program

Core Viewpoint - Ohio Valley Banc Corp. has extended its stock buyback program to August 31, 2025, allowing for continued repurchase of shares up to $5 million [1][2]. Group 1: Stock Buyback Program - The stock buyback program was initially approved in 2021 and was set to expire on August 31, 2024, but has now been extended for an additional year [2][3]. - As of August 21, 2024, the company has repurchased approximately $2,967,000 in common stock under this program [2]. - No changes were made to the terms of the stock buyback program other than the extension, and the Board retains the right to terminate or amend the program at any time before the new expiration date [3]. Group 2: Company Overview - Ohio Valley Banc Corp. is traded on the NASDAQ Global Market under the symbol OVBC and is based in Gallipolis, Ohio [4]. - The company owns The Ohio Valley Bank Company, which operates 17 offices in Ohio and West Virginia, and Loan Central, Inc., which has six consumer finance offices in Ohio [4].