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: January 17, 2017
(Date of earliest event reported)
Oak Valley Bancorp
(Exact name of registrant as specified in its charter)
|
CA |
001-34142 Number) |
26-2326676 |
|
125 N. Third Ave. Oakdale, CA |
95361 |
(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 January 17, 2017, the Board of Directors of Oak Valley Bancorp declared a $0.125 per share cash dividend for shareholders of record as of January 30, 2017, payable on February 9, 2017. A press release was issued on January 18, 2017 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 January 18, 2017 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.
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Dated: January 19, 2017 |
OAK VALLEY BANCORP | ||
| By: | /s/ Jeffrey A. Gall | ||
| Jeffrey A. Gall Senior 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 January 18, 2017 |
Exhibit 99.1
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PRESS RELEASE |
For Immediate Release
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Date: |
January 18, 2017 |
|
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 January 17, 2017, 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 $0.125 per share of common stock to its shareholders of record at the close of business on January 30, 2017. In aggregate, the distribution will amount to approximately $1,011,000. The payment date will be February 9, 2017.
The Company currently operates through 16 branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes, and Bishop.
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.