Ohio Valley Banc Corp. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

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Ohio	31-1359191
(State or Other Jurisdiction of Incorporation)	(I.R.S. Employer Identification No.)

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares, without par value		OVBC		NASDAQ

On March 19, 2024, the Board of Directors of Ohio Valley Banc Corp. (the “Company”) unanimously elected Seth I. Michael to serve on the Board of Directors of the Company effective April 1, 2024. Mr. Michael will serve in the class of directors whose terms expire at the annual meeting of shareholders in 2026. On March 19, 2024, Mr. Michael was also elected to serve on the Board of Directors of The Ohio Valley Bank Company (the “Bank”), a wholly-owned subsidiary of the Company, effective April 1, 2024. Mr. Michael was appointed to the Trust Committee of the Bank effective April 1, 2024.

In his capacity as a non-employee director of the Company, Mr. Michael will receive the director fees and benefits that other non-employee directors receive, as disclosed in Exhibit 10.7 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “2024 10-K”). He is expected to execute an agreement under the Director Retirement Plan in the form of the agreement attached as Exhibit 10.3(a) to the 2024 10-K.

The Bank has banking transactions in the ordinary course of the Bank’s business with Mr. Michael and his family members and entities with which they are associated. All loans by the Bank in which Mr. Michael or any “related person” within the meaning of Item 404(a) of Regulation S-K of the Securities and Exchange Commission has or will have a direct or indirect material interest since the beginning of fiscal year 2023 (a) were not disclosed as nonaccrual, past due, restructured or potential problems; (b) were made in the ordinary course of business; (c) were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Bank; and (d) did not involve more than the normal risk of collectability or present other unfavorable features.

A copy of a press release issued to announce Mr. Michael’s election is attached hereto as an exhibit and incorporated herein by reference.

(d)  Exhibits – The following exhibit is being filed with this Current Report on Form 8-K:

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.