EXHIBIT 10.8

                           SUMMARY OF COMPENSATION FOR
                     DIRECTORS AND NAMED EXECUTIVE OFFICERS
                            OF OHIO VALLEY BANC CORP.
Directors
---------
     All of the directors of Ohio Valley Banc Corp.  ("Ohio  Valley") also serve
as directors of its subsidiary,  The Ohio Valley Bank Company (the "Bank").  The
directors  of Ohio  Valley are paid by the Bank for their  services  rendered as
directors of the Bank, not Ohio Valley.  Each director of the Bank who is not an
employee of Ohio Valley or any of its subsidiaries (a  "Non-Employee  Director")
receives $550 per month for his or her  services.  Each director of the Bank who
is an  employee  of  Ohio  Valley  or  any  of its  subsidiaries  (an  "Employee
Director")  receives $350 per month for his or her services.  In addition,  each
director of the Bank receives an annual  retainer of $14,700 paid in December of
each year for services to be rendered during the following year.

     Each  Non-Employee  Director who is a member of the Executive  Committee of
the Bank receives fees of $37,800  annually.  This figure was pro-rated for time
served for new members.  Employee  Directors receive no additional  compensation
for serving on the Executive Committee.

     The Bank maintains a life  insurance  policy for all directors with a death
benefit of two times annual  director fees as part of the Bank's group term life
insurance  program.  The Bank also maintains a Director  Retirement Plan for all
directors of the Bank and a Deferred  Compensation  Plan for all  directors  and
executive  officers  of the Bank.  These  documents  are filed as Exhibit  10.1,
Exhibit  10.3,  Exhibit  10.6(a)  and  Exhibit  10.6(b),  respectively,  to Ohio
Valley's  Annual Report on Form 10-K for the fiscal year ended December 31, 2007
(SEC File No. 0-20914).

Named Executive Officers
------------------------
     The following sets forth the current salaries of the executive  officers of
Ohio  Valley  named in the Summary  Compensation  Table in Ohio  Valley's  proxy
statement (the "Named Executive Officers"):

      Name                               Current Salary
-----------------                        --------------
Jeffrey E. Smith                            $159,360

Scott W. Shockey                              61,012

Katrinka V. Hart                             100,969

E. Richard Mahan                             100,790

Larry E. Miller, II                          100,969

     Certain Named  Executive  Officers are entitled to  participate  in several
benefit  arrangements,  including the Ohio Valley Banc Corp. Bonus Program,  the
Ohio Valley Bank Company  Executive  Group Life Split Dollar Plan, the Executive
Deferred  Compensation  Plan,  and  a  supplemental  executive  retirement  plan
(currently only for Mr. Smith), as set forth in exhibits 10.1, 10.2, 10.3, 10.4,
10.5, 10.6(a),  10.6(b), 10.7(a), 10.7(b), 10.8 and 10.9 to Ohio Valley's Annual
Report on Form 10-K for the fiscal year ended  December 31,  2007,  SEC File No.
0-20914.  In addition,  Named Executive  Officers are entitled to participate in
various  benefit plans  available to all  employees,  including a Profit Sharing
Retirement  Plan, a 401(k) plan, an employee stock  ownership  plan,  group term
life  insurance,   health  insurance,   disability   insurance  and  a  flexible
compensation/cafeteria  plan, all as described in Ohio Valley's proxy  statement
for its 2008 annual meeting of shareholders.