Business News • MarketWire • Oak Valley Bancorp Completes Acquisition of Mother Lode Bank |
Oak Valley Bancorp Completes Acquisition of Mother Lode Bank |
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Oak Valley Bancorp Completes Acquisition of Mother Lode Bank
OAKDALE, CA--(Marketwired - Dec 23, 2015) - Oak Valley Bancorp (NASDAQ: OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, reported today that it completed its acquisition of Mother Lode Bank (OTC PINK: MOLB) upon the merger of Mother Lode Bank into Oak Valley Community Bank. The aggregate consideration paid by the Company in the acquisition, including cash consideration to holders of outstanding stock options, was approximately $7.3 million in exchange for all outstanding common stock shares.
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