Promotions, Retirements and a New Loan Office for OVBC
Ohio Valley Banc Corp. (Nasdaq: OVBC) announced leadership changes and network expansion.
Rhea-AI Summary
Ohio Valley Banc Corp. (Nasdaq: OVBC) announced leadership changes and network expansion. Thomas E. Wiseman retired as chairman but remains on the OVBC and OVB boards. K. Ryan Smith became OVBC's first independent chairman, and Ryan J. Jones was promoted to president and chief operating officer.
OVB will open a new loan office in Charleston, West Virginia this summer, with new locations in South Bloomfield and Ironton, Ohio in planning. The company reports OVB as a $1.5 billion asset community bank with 18 offices.
Positive
- Appointment of OVBC's first independent chairman of the board
- Promotion of Ryan J. Jones to president and chief operating officer
- New OVB loan office opening in Charleston, West Virginia this summer
- Planned new locations in South Bloomfield and Ironton, Ohio
- OVB reported as a $1.5 billion asset community bank with 18 offices
Negative
- Retirement of long-serving chairman Thomas E. Wiseman from that role
- Retirement of lead director David W. Thomas after more than 18 years on the board
Details
News Market Reaction – OVBC
In the May 15 session, OVBC declined 1.28%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Bank assets
- $1.5 billion
- Ohio Valley Bank Company asset size mentioned in release
- Bank offices
- 18 offices
- Ohio Valley Bank Company locations in Ohio and West Virginia
- Loan Central offices
- 6 offices
- Loan Central consumer finance offices in Ohio
- Wiseman agency founding
- 1928
- Year Wiseman’s family insurance agency was started
- OVBC founding board year
- 1992
- Year Wiseman became founding OVBC board member
- Jones banking career start
- 1999
- Year Ryan J. Jones began his banking career
- Merger year
- 2016
- Year Milton Bank merged with OVB
- Market cap
- $215,057,196
- Pre-news market capitalization from context data
Historical Context
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Q1 2026 net income and EPS slightly below prior year with loan growth.
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Declared $0.25 per share cash dividend tied to 154th anniversary.
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Reported record 2025 net income and EPS with strong loan growth.
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Announced $0.23 per share cash dividend for early 2026.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Wiseman was a founding board member of Ohio Valley Banc Corp. in 1992. He joined the board of The Ohio Valley Bank Company (OVB) the same year. At the time, he was president of The Wiseman Agency, representing the third generation operating the multi-line independent insurance agency started by his grandfather in 1928. Over the next years, Wiseman's role at OVB grew, leading him from the position of lead independent director to president and chief executive officer, and lastly chairman of the board.
Under his direction, OVBC surpassed
Reflecting upon the Board's decision to appoint Mr. Smith, Wiseman stated, "At the company's organizational meeting, the Board determined that it was time to move from a lead independent director governance structure to an independent chairman governance structure as many other publicly traded companies have."
K. Ryan Smith, a director of OVBC since 2021, was named OVBC's first independent chairman of the board. Smith is president of the University of Rio Grande and Rio Grande Community College. He is a graduate of Gallia Academy High School and holds a bachelor's degree in finance from The Ohio State University.
Smith, a native of
He and his wife of 29 years, Vicki, are the proud parents of four children. Over the years, Smith has served his community well in leadership roles with the
Wiseman further commented, "Teamed with a strong CEO as we have in Larry Miller, together, they will provide leadership and strategic vision ensuring your company's continued success."
The position of lead director was eliminated upon the retirement of David W. Thomas, who earlier this year notified the board of his intent to retire at the 2026 annual meeting. Thomas, former chief examiner of the Ohio Department of Commerce, Division of Financial Institutions, has been a vital asset to the board with his wealth of knowledge and expertise in the field of banking. As a member of the board for more than 18 years, Thomas served on the executive, audit, enterprise risk and nominating committees. He also was the chair of the audit and enterprise risk committee.
In addition, Thomas has been an active member of the community for many years. From coaching and umpiring youth baseball to being a member of the Heritage Christian Church, he has exemplified what it means to put "Community First." He currently resides in
Larry E. Miller II, OVB chief executive officer, announced that Ryan J. Jones has been named as the company's new president. Jones will also resume his responsibilities as chief operating officer. Jones began his career in banking in 1999 with Milton Bank. While there, he fulfilled many roles, including BSA officer, compliance officer, audit liaison, loan officer, security officer, operations officer, and chief operating officer. In 2008, Jones became a member of the Milton Banking Company Board of Directors, where he served as secretary. When Milton Bank merged with OVB in 2016, he served as the OVB chief risk officer before later accepting the role of chief operating officer and risk officer in 2022.
Jones, a lifelong
Outside of the financial world, Jones is a very active member of the community as he currently serves on the Jackson Area Festival Events (JAFE), Jackson Apple Festival, Jackson Bullpen Club, and is a Holzer Heritage Foundation Board Member. He enjoys spending time with his wife Aimee, and their two children.
CEO Miller also announced that a new OVB Loan Office will be opening in
Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market under the symbol OVBC. The holding company owns The Ohio Valley Bank Company, a
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SOURCE Ohio Valley Banc Corp.
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