-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ckz9GaZ8fgiB05TRhr3yaf006POBwGQi0BS4huDTr1O2okgx001S+TAdayzVd3IX s2YfNyknknZ4OX+2az+zUA== 0000894671-09-000002.txt : 20090121 0000894671-09-000002.hdr.sgml : 20090121 20090121101131 ACCESSION NUMBER: 0000894671-09-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090120 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090121 DATE AS OF CHANGE: 20090121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OHIO VALLEY BANC CORP CENTRAL INDEX KEY: 0000894671 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 311359191 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20914 FILM NUMBER: 09535955 BUSINESS ADDRESS: STREET 1: 420 THIRD AVE CITY: GALLIPOLIS STATE: OH ZIP: 45631 BUSINESS PHONE: 7404462631 MAIL ADDRESS: STREET 1: 420 THIRD AVENUE STREET 2: PO BOX 240 CITY: GALLIPOLIS STATE: OH ZIP: 45631 8-K 1 sec8k012009divdstkprgrm_cvr.txt DIVD AND STKREPURCHPRGRM 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 January 20, 2009 ---------------- Date of Report (Date of earliest event reported) 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)) Exhibit Index at page 4 Item 8.01 - Other Events - ------------------------- On January 20, 2009, the Board of Directors of Ohio Valley Banc Corp., (the "Company"), declared a quarterly cash dividend of $0.20 per common share on its common stock to be payable on February 10, 2009, to shareholders of record on February 2, 2009. The Company was also authorized by its Board of Directors to repurchase up to 175,000 shares of OVBC common stock through open market and privately negotiated purchases. All purchases will be made by the Company between February 16, 2009 and February 15, 2010, unless the Company's Board of Directors extends the program. A press release was issued on January 20, 2009 announcing the details of the quarterly cash dividend and the stock repurchase program. 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 20, 2009. 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 20, 2009 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 20, 2009. Page 4 EX-99 2 sec8k012009divdstkprgrm_ex99.txt EARNINGS RELEASE 012009 DIVD AND STKRPURCHPRGRAM EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE 1/20/2009 Contact: Scott Shockey or Bryna Butler, (740) 446-2631, 1-800-468-6682 OHIO VALLEY BANC CORP. INCREASES CASH DIVIDEND & EXTENDS STOCK REPURCHASE PROGRAM GALLIPOLIS, OHIO - On January 20, 2009, the Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.20 per common share payable on February 10, 2009 to shareholders of record on February 2, 2009. The $0.20 per share dividend represents an increase of 5.3 percent from the $0.19 per share dividend paid in each of the previous four quarters. "Last week, Ohio Valley Banc Corp. reported consolidated net income for the year ended December 31, 2008, was $7,128,000, an increase of 13.2 percent from the year ended December 31, 2007, net income of $6,297,000. Earnings per share were $1.77 for the year of 2008 versus $1.52 for the year of 2007, an increase of 16.4 percent," reported President and CEO Jeffrey E. Smith. "Return on average assets and return on average equity both increased to .91 percent and 11.62 percent, respectively, for the twelve months ended December 31, 2008, as compared to .82 percent and 10.40 percent, respectively, for the same time period in the prior year." The Company was also authorized by its Board of Directors to repurchase up to 175,000 shares of OVBC common stock through open market and privately negotiated purchases. The timing of the purchases, the prices paid and the actual number of shares of common stock purchased will depend upon market conditions and limitations imposed by applicable federal securities laws. All shares of common stock purchased will be held as treasury shares and will be available for use by OVBC pursuant to the terms of OVBC's Dividend Reinvestment and Employee Stock Purchase Plan as well as for other general corporate purposes. All purchases will be made by OVBC between February 16, 2009 and February 15, 2010, unless OVBC's Board of Directors extends the program. 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. -----END PRIVACY-ENHANCED MESSAGE-----