Ohio Valley Banc extends share repurchase program by an additional year

Ohio Valley Banc has extended its stock buyback program until August 31, 2026, aiming to enhance shareholder value.

The company remains committed to repurchasing up to $5 million in common stock as part of this program.

As of August 19, 2023, Ohio Valley Banc has already repurchased about $2.97 million of its shares under the current program.

Recommendation Rating: Positive Outlook

Ohio Valley Banc (NASDAQ: OVBC) announced on Wednesday that it has extended its current stock buyback program, which will now run until August 31, 2026, instead of the previously scheduled expiration on August 31, 2025.

The company has reaffirmed its commitment to repurchase up to $5 million in common stock. As of August 19, OVBC has successfully repurchased approximately $2.97 million of its shares.