Ohio Valley Banc Corp extends stock buyback program

Ohio Valley Banc Corp. announced the Board of Directors has authorized the extension date of its existing stock buyback program to August 31, 2024. The program was originally approved by the board in 2021 and was set to expire August 31 of this year. With the extension, the share repurchase program will continue to authorize the repurchase of up to $5M in shares of the company’s outstanding common stock. Other than the extension of the program for an additional year, no changes were made to the stock buyback program. As of August 15, 2023, the company had repurchased approximately $984,000 in common stock. The program may be terminated or amended by the Board at any time prior to the expiration date.