Business NewsMarketWire • Oak Valley Bancorp Reports 4th Quarter Results

Oak Valley Bancorp Reports 4th Quarter Results

Oak Valley Bancorp Reports 4th Quarter Results

OAKDALE, CA--(Marketwire - February 11, 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 fiscal year ended December 31, 2009. Net income for 2009 totaled $2.0 million compared to $2.2 million for 2008. After adjustment for preferred stock dividends and accretion this comprised net income available to common shareholders of $1.2 million, or $0.15 per diluted share, compared to net income of $2.1 million, or $0.27 per diluted common share, in 2008.

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