0001437749-14-012351.txt : 20140702 0001437749-14-012351.hdr.sgml : 20140702 20140702171856 ACCESSION NUMBER: 0001437749-14-012351 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140701 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140702 DATE AS OF CHANGE: 20140702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oak Valley Bancorp CENTRAL INDEX KEY: 0001431567 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 262326676 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34142 FILM NUMBER: 14957683 BUSINESS ADDRESS: STREET 1: 125 N. THIRD AVE. CITY: OAKDALE STATE: CA ZIP: 95361 BUSINESS PHONE: 209-844-7500 MAIL ADDRESS: STREET 1: 125 N. THIRD AVE. CITY: OAKDALE STATE: CA ZIP: 95361 8-K 1 ovly20140702_8k.htm FORM 8-K ovly20140702_8k.htm

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: July 1, 2014
(Date of earliest event reported)

 

Oak Valley Bancorp
(Exact name of registrant as specified in its charter)

 

CA
(State or other jurisdiction
of incorporation)

001-34142
(Commission File Number)

26-2326676
(IRS Employer
Identification Number)

 

125 N. Third Ave. Oakdale, CA
(Address of principal executive offices)

95361
(Zip Code)

  


(209) 848-2265
(Registrant's telephone number, including area code)

 

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 July 1, 2014, the Board of Directors of Oak Valley Bancorp declared a $0.065 per share cash dividend for shareholders of record as of July 14, 2014, payable on July 28, 2014. A press release was issued on July 2, 2014 and is attached to this Current Report and is incorporated into this report by reference.

 

 

ITEM 9.01             FINANCIAL STATEMENTS AND EXHIBITS

 

(d)        Exhibits

 

99.1 Press release issued July 2, 2014 announcing declaration of a cash dividend.

 

 
 
 

 

SIGNATURE

 

      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 hereunto duly authorized.

 

Dated: July 2, 2014

OAK VALLEY BANCORP

 

 

 

 

 

 

By:

/s/ Richard A. McCarty

 

 

 

Richard A. McCarty

 

 

 

Executive Vice President and Chief Financial Officer

 

 

 

(Principal Financial Officer and duly authorized signatory)

 

 

 
 
 

 

Exhibit Index

 

Exhibit No.

Description

   

99.1

Press Release of Oak Valley Bancorp dated July 2, 2014

 

 EX-99 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm

Exhibit 99.1

 

PRESS RELEASE

 

 

For Immediate Release

 

Date:

July 2, 2014

Contact:

Chris Courtney/Rick McCarty

Phone: (209) 848-2265     

www.ovcb.com

www.escbank.com     

      

OAK VALLEY BANCORP TO PAY CASH DIVIDEND

 

OAKDALE, CA – On July 1, 2014, the Board of Directors of Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, declared the payment of a cash dividend of $0.065 per share of common stock to its shareholders of record at the close of business on July 14, 2014. In aggregate, the distribution will amount to approximately $524,000. The payment date will be July 28, 2014.  

 

The Company currently operates through 14 branches in Oakdale, Sonora, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, three branches in Modesto, and three branches in their Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes, and Bishop. The Company also announced plans in May to open a branch in Tracy later this summer.

 

For more information, please call 1-866-844-7500 or visit www.ovcb.com.

 

This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.