GALLIPOLIS, Ohio, May 19, 2022
/PRNewswire/ -- Several announcements were made during the Ohio
Valley Banc Corp. Annual Shareholders Meeting, which took place
Wednesday, May 18.
Thomas E. Wiseman, chairman of
the board of Ohio Valley Bank and Ohio Valley Banc Corp.
(Nasdaq: OVBC), announced the promotion of Larry E. Miller, II, to the position of chief
executive officer (CEO) of both Ohio Valley Bank and OVBC. As
president and CEO, Miller will be responsible for all business
units in the company and its subsidiaries.
Wiseman, who previously served as CEO, will remain as chairman.
Ryan J. Jones was promoted to chief
operating officer of both Ohio Valley Bank and OVBC. Jones will
continue to hold the title of risk officer in both Ohio Valley Bank
and OVBC as well. In these roles, Jones will oversee the company's
enterprise risk management efforts while also managing the
company's operational units.
"As a company, we are committed to remaining an independent,
community bank. To help achieve this goal, we are continually
preparing for the future by adhering to our succession plan, which
is approved annually by the board of directors. The promotions of
Larry Miller and Ryan Jones are in accordance with the company's
previously approved plan," Wiseman said. "Both Mr. Miller and Mr.
Jones are prepared to take on their new roles as the company
continues to move forward."
Prior to being named CEO, Miller served as chief operating
officer. He began his career at OVB in 1986 by working as a teller.
Over the past three decades, he held the positions of internal
auditor, treasurer and secretary. In addition, Miller also has held
several officer and senior management roles. Miller is a native of
Gallia County and is a graduate of
Ohio Valley Christian School. He holds a bachelor's degree in
business finance from Cedarville
University. He is also a graduate of the Ohio School of Banking and
the Graduate School of Banking at the University of Wisconsin-Madison.
Miller is an active member of the First Baptist Church in
Gallipolis, where he previously
served many years as a youth Sunday school teacher. He also served
on the board at his alma mater, Ohio Valley Christian School, for
24 years.
Jones began his career in banking with The Milton Banking
Company in 1999. He worked in the proof processing/computer
department and later was named the compliance officer and secretary
of the board. Throughout his career he held numerous titles and was
named to the board of directors of the Milton Banking Company in
2012. When the Milton Banking Company merged with Ohio Valley Bank
in 2016, Jones was named senior vice president. Jones is a
Jackson County native and
graduated from Jackson High School.
He holds a business management degree from the University of Rio Grande. In addition, he is an
Ohio Bankers League (OBL) Leadership Institute graduate. He has
also attended several leadership and training schools based in
different banking areas.
Community is very important to Jones as he is the current parade
band chairman of the Jackson County Apple Festival. He also is a
member of Jackson Area Festivals and Events (JAFE) along with
numerous other local organizations. Jones also previously served as
a coach for all youth organizations in Jackson, including Jackson Pee Wee Football
and Jackson Area Recreation baseball.
Also during the meeting, Wiseman announced that the OVBC Board
of Directors declared a 150th Anniversary Special
Dividend of $0.15 per common share
payable on June 10, 2022, to
shareholders of record as of the close of business on May 31, 2022. The special dividend is in
celebration of Ohio Valley Bank's 150th anniversary,
which will take place this fall and has been celebrated throughout
2022 through various events and giveaways, including cash
giveaways. The special dividend is in addition to the regular
quarterly dividends already paid out this year.
"We are beyond thrilled to see the return of many events after
pandemic restrictions. We were especially pleased to once again
host our annual shareholders meeting in person. After two years of
not being able to gather, it was a wonderful time to catch up with
our shareholders – the folks who continually help us achieve our
goal of remaining a strong, independent community bank. The bank's
150th anniversary, which will take place this fall, is
yet another reason to celebrate. The 150th Anniversary
Special Dividend is just one more way we can extend our gratitude
to those who have made our longevity as a company a success,"
Wiseman said.
Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The primary subsidiaries of
the company are: Ohio Valley Bank and Loan Central. Ohio Valley
Bank is an FDIC-insured, state member bank of the Federal Reserve
operating 16 offices in Ohio and
West Virginia. Loan Central,
specializing in tax preparation and loans, is a finance company
with six offices in southern Ohio.
Ohio Valley Banc Corp. stock is traded on The NASDAQ Global Market
under the symbol OVBC. For more information, visit www.ovbc.com or
www.myloancentral.com.
Contact: Hope Roush, Ohio Valley
Bank, 740-578-3452, hdroush@ovbc.com or Bryna Butler, Ohio Valley Bank, 740-578-3400,
bsbutler@ovbc.com
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SOURCE Ohio Valley Banc Corp.