Welcome to our dedicated page for Oak Vally Bancrp news (Ticker: OVLY), a resource for investors and traders seeking the latest updates and insights on Oak Vally Bancrp stock.
Oak Valley Bancorp (NASDAQ: OVLY) is the bank holding company for Oak Valley Community Bank and its Eastern Sierra Community Bank division, which offer loan and deposit products to individuals and small businesses. The OVLY news page on Stock Titan aggregates company-issued updates and market news so readers can follow how this commercial banking institution communicates its performance, growth, and community activities.
Recent Oak Valley Bancorp and Oak Valley Community Bank news releases highlight several recurring themes. The company regularly announces quarterly financial results, detailing net interest income, non-interest income, non-interest expense, and key balance sheet metrics. These earnings updates, sometimes furnished via Form 8-K, provide insight into trends in earning assets, loan growth, deposit balances, and credit quality, including non-performing asset levels and allowance for credit losses.
Another major news category involves branch expansion and local leadership appointments. Oak Valley Community Bank has reported the opening of new full-service branches, such as its nineteenth branch in Lodi, and frequently announces the hiring of branch managers in markets including Stockton, Tracy, East Sonora, Modesto–McHenry, and Lodi. These stories describe how branch leaders are tasked with guiding operations, nurturing client relationships, and supporting the financial needs of local businesses and residents.
Oak Valley Bancorp’s news flow also covers community reinvestment and partnership initiatives. For example, the bank has announced approval of an AHEAD grant submitted on behalf of City Ministry Network to the Federal Home Loan Bank of San Francisco, aimed at workforce development and leadership programs for Latino youth in Stanislaus and San Joaquin Counties. Other releases discuss promotions within the Community Reinvestment Act (CRA) function and ongoing engagement with local organizations.
Investors, depositors, and community stakeholders can use the OVLY news page to monitor these earnings announcements, branch developments, leadership changes, and community-focused programs in one place, and revisit the historical archive of company communications over time.
Oak Valley Community Bank (NASDAQ: OVLY) has been recognized as one of the 2025 Best Places to Work: Central Valley by Best Companies Group. The bank also received recognition from Opportunity Stanislaus for "Growing the Economy" after increasing their workforce by 10% in 2024. CEO Chris Courtney attributed this success to the company's service culture and employee commitment. The bank currently operates 18 branches across various California locations, with plans to open their 19th branch in Lodi later this year. The Best Places to Work program evaluates company practices, programs, and benefits through employee surveys, providing participants with detailed feedback for improving retention and recruitment strategies.
Oak Valley Community Bank (NASDAQ: OVLY) has announced the appointment of Mark Kisting as Vice President, Commercial Banking Officer at their Sacramento office. Kisting brings 18 years of commercial banking experience in the Sacramento region and will focus on commercial lending and business development across the Greater Sacramento area.
The new hire will be based at the bank's 455 Capitol Mall location, supporting local businesses with financial solutions. Kisting holds a bachelor's degree from UCLA and an MBA from Southern Methodist University. He is actively involved in the community, serving as a board member and incoming president of Davis Little League and as a member of the Woodland Chamber of Commerce.
Oak Valley Bancorp currently operates 18 branches through Oak Valley Community Bank and Eastern Sierra Community Bank division, with locations across Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Sonora, Modesto, Bridgeport, Mammoth Lakes, and Bishop. A 19th branch is planned to open in Lodi later this year.
Oak Valley Bancorp (NASDAQ: OVLY) reported Q1 2025 financial results with net income of $5.3 million ($0.64 EPS), down from $6.0 million ($0.73 EPS) in Q4 2024 and $5.7 million ($0.69 EPS) in Q1 2024. The decrease was primarily due to increased operating expenses.
Key financial metrics include:
- Net interest income: $17.8 million
- Net interest margin: 4.09%
- Total assets: $1.92 billion (up $23.8 million from Q4)
- Gross loans: $1.09 billion
- Total deposits: $1.71 billion
- Non-performing assets remained at zero
The bank maintained strong liquidity with $209.3 million in cash and cash equivalents. Despite modest loan paydowns, the credit quality remained stable with an allowance for credit losses at 1.05% of gross loans.
Oak Valley Community Bank (NASDAQ: OVLY) has announced the appointment of Emma Brandstad as Commercial Banking Officer at their Stockton office. Brandstad brings nearly three years of experience in commercial and portfolio lending, and will focus on business development, loan portfolio management, and client relationships.
The new hire holds a bachelor's degree in agriculture business from CSU Fresno and a California Real Estate License. Gary Stephens, Executive Vice President of Commercial Banking Group, highlighted Brandstad's deep roots in Stockton and surrounding communities as valuable assets to the team.
Oak Valley Bancorp currently operates 18 branches across various California locations through Oak Valley Community Bank and Eastern Sierra Community Bank division, with plans to open its 19th branch in Lodi later this year.
Oak Valley Community Bank (NASDAQ: OVLY) has announced key promotions in its commercial banking division. Greg Mulder has been elevated to Vice President, Commercial Banking Officer, and John Westberg to Assistant Vice President, Commercial Banking Officer.
Mulder, based in Escalon, has been with the bank for 11 years, progressing from Credit Analyst to AVP Commercial Credit Officer. He will oversee a significant C&I loan portfolio. Westberg, based in Oakdale, has served seven years, advancing from Credit Analyst to Commercial Credit Officer.
Oak Valley Bancorp operates through 18 branches across various locations including Oakdale, Turlock, Stockton, and the Eastern Sierra division. The bank plans to open its 19th branch in Lodi later this year.
Oak Valley Community Bank (NASDAQ: OVLY) has announced the appointment of Jean Turpen as Vice President, Commercial Credit Officer at their Roseville office. Turpen brings 21 years of banking experience and will oversee client relationship management, portfolio management, and credit analysis.
Working with the Greater Sacramento Region team, she will focus on driving sustainable growth while maintaining service excellence. Turpen holds a bachelor's degree in mathematics from University of Alaska Anchorage and is a member of the Construction Financial Management Association (CFMA).
Oak Valley Community Bank, a subsidiary of Oak Valley Bancorp, currently operates 18 branches across various California locations including Oakdale, Turlock, Stockton, and the Eastern Sierra division. The bank plans to open its 19th branch in Lodi later this year.
Oak Valley Community Bank, subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), has received regulatory approval to open its 19th full-service branch in downtown Lodi, scheduled for mid-2025. The new branch, located at 31 South School Street, will be the bank's sixth location in San Joaquin County.
The Lodi branch will offer comprehensive personal and commercial banking services, including a walk-up ATM, night deposit service, and offices for commercial lending and administrative personnel. This expansion marks a significant growth in the bank's San Joaquin County presence, which began in 2005.
Oak Valley Community Bank currently operates 18 branches across various locations including Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, Sonora, Modesto, and their Eastern Sierra division branches in Bridgeport, Mammoth Lakes, and Bishop.
Oak Valley Bancorp (NASDAQ: OVLY) reported Q4 2024 consolidated net income of $6,008,000 ($0.73 EPS), compared to $7,324,000 ($0.89 EPS) in Q3 2024 and $5,865,000 ($0.71 EPS) in Q4 2023. Full-year 2024 net income was $24,948,000 ($3.02 EPS), down 19.1% from $30,848,000 ($3.75 EPS) in 2023.
The company's total assets reached $1.90 billion, with gross loans at $1.11 billion and total deposits at $1.70 billion as of December 31, 2024. Net interest margin was 4.00% for Q4 2024, compared to 4.04% in Q3 2024 and 4.15% in Q4 2023.
The Board declared a cash dividend of $0.30 per share, payable on February 14, 2025, to shareholders of record as of February 3, 2025, totaling approximately $2,507,000.
Oak Valley Community Bank (NASDAQ: OVLY) has been named '2024 SBA 504 Most Active Bank' by Success Capital CDC, while their Vice President Rob Gildea received the '2024 SBA 504 Most Active Loan Officer' award. These recognitions cover lending activities across six California counties. The bank's achievements highlight its commitment to small business lending through the SBA 504 Program, which provides low down payment, fixed-rate financing for business owners to purchase or build facilities.
The bank operates through 18 branches across California, including locations in Oakdale, Turlock, Stockton, and other cities. The recognition ceremony was held in November, attended by key bank executives and commercial banking officers.