OVLY director retires, stocks go up on Monday

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Oak Valley Bancorp (NASDAQ: OVLY) the bank holding company for Oak Valley Community and and Eastern Sierra Community Bank, announced on Monday retirement of Michael Q. Jones from the Bank and Company’s Boards of Directors, effective May 31, 2020.

Mr. Jones has served as director of the Bank since 2004 and the Bancorp since its formation in 2008. He has been involved in land development and commercial real estate for over 40 years. Mr. Jones is a retired Chairman of California Gold Development Corporation and Prudential California Realty in Sonora.

“We are happy for Mike in his retirement. His governance and support through the years is deeply appreciated and we wish him all the best,” stated President and CEO, Chris Courtney.

Shares of OVLY stocks went 8 percent up on Monday and are trading at $13.94. Price of OVLY stock is down 40% from its all time high.