UNITED STATES
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
Date of Report (Date of earliest event reported): July 21, 2006
(July 18, 2006)
OHIO VALLEY BANC CORP.
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(Exact name of registrant as specified in its charter)
Ohio
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(State or other jurisdiction of incorporation)
0-20914 31-1359191
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(Commission File Number) (IRS Employer Identification No.)
420 Third Avenue, Gallipolis, Ohio 45631
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (740) 446-2631
Not Applicable
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 - Other Events
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On July 18, 2006, the Board of Directors of Ohio Valley Banc Corp., (the
"Company"), authorized the repurchase of up to 175,000 shares of the Company's
common stock through open market and privately negotiated purchases. All
purchases will be made by the Company between August 16, 2006 and February 16,
2007, unless the Company's Board of Directors extends the program. The timing of
the purchases, the prices paid and actual number of shares purchased will depend
upon market conditions and limitations imposed by applicable federal securities
laws.
Furthermore, on July 18, 2006, the Company's Board of Directors declared a
quarterly cash dividend of $0.17 per common share on its common stock to be
payable on August 10, 2006, to shareholders of record on July 28, 2006.
A press release was issued on July 21, 2006 announcing the details of the stock
repurchase program and quarterly cash dividend. A copy of the press release is
included with this Form 8-K as Exhibit 99.1 and is incorporated herein by
reference.
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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: July 21, 2006 By: /s/ Jeffrey E. Smith
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Jeffrey E. Smith, President and
Chief Executive Officer
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Press release issued by Ohio Valley Banc
Corp. on July 21, 2006.
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