Oak Valley Community Bank Director Retires
Oak Valley Bancorp (NASDAQ: OVLY), the holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, announced the retirement of Ronald C. Martin from its Boards of Directors, effective June 30, 2024.
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Rhea-AI Summary
Oak Valley Bancorp (NASDAQ: OVLY), the holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, announced the retirement of Ronald C. Martin from its Boards of Directors, effective June 30, 2024. Martin, who joined the bank in 1992 as President and CEO, played a significant role in the bank's growth and stability. He stepped down from the CEO role in 2013 but continued to serve as a director. Current CEO, Chris Courtney, praised Martin's contributions and leadership. Oak Valley Bancorp operates 18 branches across various locations offering diverse loan and deposit products.
Positive
- Ronald C. Martin's long-term leadership contributed to the bank's growth and stability.
- CEO Chris Courtney praised Martin's instrumental role in building the bank's foundation.
Negative
- Retirement of a key long-term leader may create uncertainty among investors.
Details
News Market Reaction – OVLY
The recorded move for OVLY in the trading session of this news was +2.64%.
Data tracked by StockTitan Argus. Session date unavailable.
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OAKDALE, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank (the “Bank”) and their Eastern Sierra Community Bank division, announced the retirement of Ronald C. Martin from the Bank and Company’s Boards of Directors, effective June 30, 2024.
Martin joined Oak Valley Community Bank as President and Chief Executive Officer in 1992, shortly after its formation. In 2004, Martin passed the role of President to current CEO, Chris Courtney and retained the CEO title until his retirement in 2013 continuing to serve as Director for the ten years that followed.
Martin played a pivotal role in building the Bank and shareholder confidence, particularly during the formative years. “Ron was instrumental in leading the bank for many years. We are very happy for him and wish him the best in this next phase of his retirement. His partnership and support helped us build the foundation on which OVCB stands today,” stated CEO, Chris Courtney.
Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop.
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 |
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