Item 7.01 Regulation FD Disclosure.
The Board of Directors of Ohio Valley Banc Corp. ("OVBC") has authorized
the repurchase of up to $5,000,000 in shares of the Company's outstanding common
stock. Repurchases will be made periodically depending on market conditions and
other factors. Repurchases may be made in the open market, through block trades
and pursuant to any trading plan that may be adopted in accordance with Rule
10b5-1 of the Securities Exchange Commission or otherwise, and also in privately
negotiated transactions. The repurchased shares will be held as treasury stock
and will be available for general corporate purposes. The exact number of
shares to be repurchased by the Company is not guaranteed. Depending on market
conditions and other factors, these purchases may be commenced or suspended at
any time or periodically without prior notice. The stock buyback program has an
expiration date of August 31, 2022 and may be terminated or amended by the Board
at any time prior to the expiration date.
A copy of a press release issued to announce the repurchase program is attached
hereto as an exhibit and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits - The following exhibit is being filed with this Current Report on
Form 8-K:
Exhibit Number Description
99.1 Press release issued on July 23, 2021.
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