OVBC Announces Special Dividend and Wiseman Promotion
On Wednesday, the Ohio Valley Banc Corp. (NASDAQ: OVBC) Board of Directors approved the payment of a special "Loyalty Dividend" of $.04 per share payable on June 11, 2012 to shareholders of record on May 25, 2012.
Also during the meeting of the Board, as part of a management succession plan that began in January 2010, Thomas E. Wiseman was named Chief Executive Officer of Ohio Valley Banc Corp. and Ohio Valley Bank. Wiseman will retain his title of President; therefore he will assume the role of President and CEO. Jeffrey E. Smith remains Chairman of the Board of both companies.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.