SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
December 11, 2001 (December 11, 2001)
Date of Report (Date of earliest event reported)
OHIO VALLEY BANC CORP
(Exact name of registrant as specified in its charter)
Ohio
(State or other jurisdiction of incorporation)
0-20914 31-1359191
(Commission file number) (IRS Employer Identification Number)
420 Third Avenue, Gallipolis, Ohio 45631
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (740) 446-2631
Not Applicable
(Former name or former address, if changed since last report.)
Exhibit Index at Page 4.
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Events.
On December 11, 2001, the Company's Board of Directors declared a special
cash dividend of $.16 per share on the outstanding shares of Ohio Valley Banc
Corp stock payable on December 31, 2001 to shareholders of record December 21,
2001. The special cash dividend is described in the press release issued on
December 11, 2001, which is included herewith as Exhibit 99.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of business acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits:
99 Press release of Ohio Valley Banc Corp
issued December 11, 2001.
Item 8. Change in Fiscal Year.
Not applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Not applicable.
Page 2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OHIO VALLEY BANC CORP
Date: December 11, 2001 By /s/ Jeffrey E. Smith
----------------------------
Jeffrey E. Smith, President and
Chief Executive Officer
Page 3
EXHIBIT INDEX
Exhibit Number Description
-------------- -----------
99 Press release of Ohio Valley Banc Corp issued
December 11, 2001.
Page 4
Exhibit 99
For immediate release
Contact:
Scott Shockey or Kyla Carpenter
1-800-468-6682 or (740) 446-2631
OVBC DECLARES EXTRA DIVIDEND
GALLIPOLIS-- Jeffrey E. Smith, President and Chief Executive Officer of Ohio
Valley Banc Corp. (OVBC) today reported that the Board of Directors has declared
a special "Freedom Dividend". This will be the fifth dividend of the year for
Ohio Valley Bank, a 129 year old institution. This extra dividend of $.16 per
share will be payable on December 31, 2001 to shareholders of record December
21, 2001.
In a letter addressed to shareholders, Smith acknowledges that the events
since September 11 have caused all Americans to assess the strengths and
weaknesses of the country and to make adjustments in their lives ranging from
inconvenience to sacrifice. He writes: "Since the experts have officially
declared we are in a recession, we must all do our part to make it short lived.
Your Board of Directors and Management team cannot control national events, the
stock market nor interest rates. We can only do our part to keep "our house" in
order and do our part to participate in re-igniting the economy."
This extra dividend totals $550,000 to OVBC shareholders and represents a
reinvestment in the bank's region of the United States, "...the world's
strongest economy". Smith further acknowledges that this special dividend is
consistent with the banc corp's mission to "increase the value of our
shareholders' investment" and "... comes at a time when we all need to do our
part for America".
Ohio Valley Banc Corp common stock is traded on the NASDAQ Stock Market
under the symbol OVBC. The holding company owns two subsidiaries: Ohio Valley
Bank, with 17 offices in Ohio and West Virginia, and Loan Central, with four
consumer finance company offices in Ohio.
###