Oak Valley Bancorp and Oak Valley Community Bank Announce Director Retirements and New Director Appointment

Rhea-AI Summary

Oak Valley Bancorp announced key changes to its Board of Directors effective June 17, 2025. Long-serving directors Thomas A. Haidlen and Danny L. Titus, who joined in 1991 and 1992 respectively, have retired from both the Bank and Company boards. Erich A. Haidlen has been appointed as their successor. E. Haidlen, currently serving as General Manager and President of Haidlen Ford, brings significant business and financial expertise to the board. He has been with Haidlen Ford since 1998 and previously worked as a Financial Analyst at FMV Opinions. As a fifth-generation resident of Stanislaus County, he offers extensive local knowledge and community connections. Oak Valley Bancorp operates Oak Valley Community Bank and Eastern Sierra Community Bank Division across 18 branches, with a 19th location planned to open in Lodi.

Positive

• Appointment of E. Haidlen brings fresh perspective with strong financial and business expertise
• New director has deep local market knowledge as fifth-generation resident
• Company maintains strong regional presence with 18 branches and expansion plans for 19th location

Negative

• None.

OAKDALE, Calif., June 18, 2025 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank (the “Bank”) announced the retirement of Thomas A. Haidlen and Danny L. Titus from the Bank and Company’s Boards of Directors, effective June 17, 2025. Concurrently, Erich A. Haidlen accepted his appointment to the Board of Directors of the Company and the Bank.

T. Haidlen and Titus joined the board of Oak Valley Community Bank in 1991 and 1992 respectively. T. Haidlen was one of the original board members and Titus joined the original group shortly after the formation of the Bank; both were appointed directors of the holding company at the formation of Oak Valley Bancorp in 2008.

"Tom and Danny played crucial roles in the establishment of the bank and in cultivating investor interest, particularly during its early years. For nearly 35 years, Tom and Danny contributed significant business acumen, local knowledge, and steadfast guidance, for which we are profoundly grateful," stated CEO, Chris Courtney.

E. Haidlen has been employed with Haidlen Ford Inc. in Oakdale, California since 1998. He is currently the General Manager and President. Prior to joining Haidlen Ford, he worked as a Financial Analyst at FMV Opinions, Inc., where he performed valuations of majority and minority interests in operating companies, partnerships, and intangible assets. He holds a Bachelor of Arts in Economics from the University of California, Irvine, and is a 2002 graduate of the National Automobile Dealers Association. (NADA) Dealer Candidate Academy.

E. Haidlen is a past President of the Oakdale Chamber of Commerce (2006–2007) and a former member of the Oakdale Economic Development Committee. He brings valuable business and financial expertise to the board, and as a fifth-generation resident of Stanislaus County, he offers extensive knowledge about the local community. E. Haidlen lives in Oakdale with his wife and their three children.

"Erich is a welcome addition to the Board of Directors of Oak Valley Bancorp and Oak Valley Community Bank. He brings extensive business and financial expertise, demonstrated through his leadership as General Manager and President of Haidlen Ford. His background in financial analysis and deep connections in our region position him well to contribute meaningfully to our Board," stated President and Chief Operating Officer, Rick McCarty.

Oak Valley Bancorp operates Oak Valley Community Bank and its Eastern Sierra Community Bank Division, offering a full range of loan and deposit services to individuals and small businesses. The bank currently serves customers through 18 conveniently located branches in Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two locations in Sonora, three in Modesto, and three in the Eastern Sierra communities of Bridgeport, Mammoth Lakes, and Bishop. A 19th branch location is scheduled to open in Lodi later this year.

For more information, call 1-866-844-7500 or visit www.ovcb.com.

Contact:	Chris Courtney/Rick McCarty
Phone:	(209) 848-BANK (2265) Toll Free (866) 844-7500 www.ovcb.com

FAQ

Who is joining the Board of Directors at Oak Valley Bancorp (OVLY)?

Erich A. Haidlen, current General Manager and President of Haidlen Ford, has been appointed to the Board of Directors of Oak Valley Bancorp and Oak Valley Community Bank.

Which directors are retiring from Oak Valley Bancorp's board?

Thomas A. Haidlen and Danny L. Titus are retiring from the Bank and Company's Boards of Directors, effective June 17, 2025.

What is Erich Haidlen's background and experience?

Erich Haidlen has been with Haidlen Ford since 1998 as General Manager and President, previously worked as a Financial Analyst at FMV Opinions, and holds a BA in Economics from UC Irvine.

How many branches does Oak Valley Community Bank currently operate?

Oak Valley Community Bank operates 18 branches across various California locations, with a 19th branch scheduled to open in Lodi.

How long did the retiring directors serve on Oak Valley Bancorp's board?

Thomas Haidlen served since 1991 (34 years) and Danny Titus since 1992 (33 years), both joining the holding company board in 2008.