OVBC Announces Cash Dividend

GALLIPOLIS, Ohio, Oct. 18, 2016 /PRNewswire/ -- On October 18, 2016, Ohio Valley Banc Corp. (Nasdaq: OVBC) Board of Directors declared a cash dividend of $0.21 per common share payable on November 10, 2016, to shareholders of record as of the close of business on October 28, 2016.  This is the 28th consecutive quarter in which a $0.21 per common share regular dividend has been paid by OVBC to its shareholders.

Thomas E. Wiseman, President and CEO of Ohio Valley Banc Corp., commented, "Our strategic alliance with The Milton Banking Company in August has given us the resources to better serve our Jackson County market and reach into the new markets of New Holland and Mt. Sterling. Our focus now is to work in these areas to create a unified team of local banking experts with access to some of the most advanced technology in the industry."

On October 16, Ohio Valley Bank launched Apple Pay availability for its credit card and debit card holders. Ohio Valley Bank clients may now connect their OVB credit card or debit card to the Apple Pay app. Once connected, a person can use their iPhone, iPad, or Apple Watch to pay at participating stores and restaurants rather than carrying and presenting the actual card.

Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The primary subsidiaries of the company are: Ohio Valley Bank and Loan Central.  Ohio Valley Bank is an FDIC-insured, state member bank of the Federal Reserve operating 19 offices in Ohio and West Virginia, including offices of the newly formed Milton Banking Company Division. Loan Central, specializing in tax preparation and loans, is a finance company with six offices in southern Ohio. Ohio Valley Banc Corp. stock is traded on The NASDAQ Global Market under the symbol OVBC. The company's Website is www.ovbc.com.

Contact: Scott Shockey or Bryna Butler, (740) 446-2631, 1-800-468-6682

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ovbc-announces-cash-dividend-300347107.html

SOURCE Ohio Valley Banc Corp.