Ohio Valley Banc Extends Buyback Program to Enhance Shareholder Value Until 2026

Ohio Valley Banc Extends Stock Buyback Program, Emphasizing Commitment to Shareholder Value

Ohio Valley Banc Corp., headquartered in Gallipolis, Ohio, announces a significant development in its strategic financial initiatives by extending its stock buyback program until August 31, 2026. Originally set to expire on August 31, 2025, the program allows the repurchase of up to $5 million in the company’s outstanding common stock. This extension reflects the company's ongoing commitment to enhancing shareholder value and demonstrates confidence in the long-term prospects of the bank, which primarily operates through its subsidiary, The Ohio Valley Bank Company, and its consumer finance division, Loan Central, Inc.

As of August 19, 2025, Ohio Valley Banc has successfully repurchased approximately $2,967,000 worth of shares under the current buyback program. The decision to extend the program for another year underscores the board's belief in the importance of returning capital to shareholders, particularly in a competitive banking landscape. The board confirms that, aside from the one-year extension, the structure of the buyback initiative remains unchanged, with the potential for termination or amendment at any time before the new expiration date.

Ohio Valley Banc's buyback program is not just a financial maneuver; it signifies a broader strategy aimed at reinforcing investor confidence amid evolving market conditions. As the bank continues to operate 17 locations across Ohio and West Virginia, along with six consumer finance offices, the management’s proactive approach to capital management is poised to strengthen its market position. Stakeholders can learn more about Ohio Valley Banc's services and strategies by visiting their official website at www.ovbc.com.

In addition to the buyback program, the bank's Chief Financial Officer, Scott Shockey, remains available for inquiries, emphasizing transparency and accessibility in financial communications. This move illustrates the bank’s dedication to maintaining open channels with its investors and the public, fostering a sense of trust as it navigates its initiatives and objectives within the regional banking sector.