Business NewsMarketWire • Oak Valley Bancorp Reports 3rd Quarter Results

Oak Valley Bancorp Reports 3rd Quarter Results

Oak Valley Bancorp Reports 3rd Quarter Results

OAKDALE, CA--(Marketwire - October 20, 2010) - Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, recently reported financial results. For the three months ended September 30, 2010, the Bank reported net income of $1,141,000, compared to net income of $879,000 for the three months ended September 30, 2009. After adjustment for preferred stock dividends and accretion this represents net income available to common shareholders of $931,000, or $0.12 per diluted common share, compared to $669,000, or $0.09 per diluted common share, for the three months ended September 30, 2009.

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