8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant To Section 13 or 15(d) of The Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): January 16, 2008
                                                        (January 15, 2008)

                             OHIO VALLEY BANC CORP.
                           -------------------------
             (Exact name of registrant as specified in its charter)

                                      Ohio
                                     ------
                 (State or other jurisdiction of incorporation)

                   0-20914                       31-1359191
                  ---------                     ------------
          (Commission File Number)  (IRS Employer Identification No.)

                    420 Third Avenue, Gallipolis, Ohio 45631
                   ------------------------------------------
               (Address of principal executive offices) (Zip code)

       Registrant's telephone number, including area code: (740) 446-2631

                                 Not Applicable
                                ----------------
         (Former name or former address, if changed since last report.)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously satisfy the  filing obligation of the registrant under any of the
following provisions:

[   ] Written communications  pursuant  to Rule 425 under the Securities Act (17
      CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))




Item 8.01 -  Other Events
- -------------------------

On January 15,  2008,  the Board of  Directors  of Ohio Valley Banc Corp.,  (the
"Company"),  declared a quarterly cash dividend of $0.19 per common share on its
common stock to be payable on February 10, 2008,  to  shareholders  of record on
January 25, 2008.

A press  release was issued on January 15,  2008  announcing  the details of the
quarterly cash dividend.  A copy of the press release is included with this Form
8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 - Financial Statements and Exhibits
- ---------------------------------------------

(a)  Not applicable

(b)  Not applicable

(c)  Not applicable

(d)  Exhibits - The following exhibit is being filed with this Current Report on
     Form 8-K:

Exhibit No.    Description
- -----------    -----------
99.1           Press release issued by  Ohio Valley  Banc Corp. on  January  15,
               2008.




                                     Page 2


                                   SIGNATURES

     Pursuant to the  requirements of the Securities  Exchange Act of  1934, the
Registrant  has duly  caused this report  to be  signed on  its  behalf  by  the
undersigned thereunto duly authorized.

                                              OHIO VALLEY BANC CORP.


Date: January 15, 2008                 By: /s/ Jeffrey E. Smith
                                           -------------------------------
                                           Jeffrey E. Smith, President and
                                           Chief Executive Officer









                                     Page 3


                                  EXHIBIT INDEX


Exhibit Number                      Description
- --------------                      -----------
    99.1                            Press  release  issued by  Ohio  Valley Banc
                                    Corp. on January 15, 2008.









                                     Page 4

EX-99

NEWS RELEASE

FOR IMMEDIATE RELEASE
1/15/2008
Contact: Scott Shockey or Bryna Butler, (740) 446-2631, 1-800-468-6682



                 OHIO VALLEY BANC CORP. INCREASES CASH DIVIDEND

On January  15,  2008,  the Ohio  Valley  Banc  Corp.  [Nasdaq:  OVBC]  Board of
Directors declared a cash dividend of $0.19 per common share payable on February
10,  2008 to  shareholders  of record on January 25,  2008.  The $0.19 per share
dividend  represents an increase of 5.5% from the $0.18 per share  dividend paid
in each of the previous three quarters.

"Earlier in the week, Ohio Valley Banc Corp.  reported  consolidated  net income
for the year ended  December  31,  2007,  was  $6,297,000,  an  increase of 16.7
percent  from the year  ended  December  31,  2006,  net  income of  $5,398,000.
Earnings  per share were $1.52 for the year of 2007 versus $1.27 for the year of
2006, an increase of 19.7 percent," reported President and CEO Jeffrey E. Smith.
"Return on average  assets and return on average  equity both  increased  to .82
percent and 10.40  percent,  respectively,  for the twelve months ended December
31, 2007,  as compared to .71 percent and 9.00  percent,  respectively,  for the
same time period in the prior year."

Ohio Valley Banc Corp. has three subsidiaries:  Ohio Valley Bank with 16 offices
in Ohio and West  Virginia,  Loan Central  with five  offices in Ohio,  and Ohio
Valley Financial  Services based in Jackson,  Ohio. Ohio Valley Banc Corp. stock
is traded on the NASDAQ Global  Market under the symbol OVBC.  The company's Web
site is www.ovbc.com.