SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 5, 1999 (May 4, 1999)
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Date of Report (Date of earliest event reported)
OHIO VALLEY BANC CORP.
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(Exact name of registrant as specified in its charter)
Ohio
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(State or other jurisdiction of incorporation)
0-20914 31-1359191
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(Commission file number) (IRS Employer Identification Number)
420 Third Avenue, Gallipolis, Ohio 45631
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (740) 446-2631
Not Applicable
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(Former name or former address, if changed since last report.)
Exhibit Index at Page 4.
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Not applicable.
ITEM 5. OTHER EVENTS.
On May 3, 1999, Ohio Valley Banc Corp., an Ohio corporation, entered
into a purchase agreement to acquire two branches of Huntington Bancshares Inc.,
a Maryland corporation. The transaction is described in the press release issued
on May 4, 1999, which is included herewith as Exhibit 99.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits:
99 Press release of Ohio Valley Banc Corp. issued May 4,
1999, regarding acquisition of branches.
ITEM 8. CHANGES IN FISCAL YEAR.
Not applicable.
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
Not applicable.
Page 2
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SIGNATURES
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.
OHIO VALLEY BANC CORP.
Date: May 5, 1999 By /s/James L. Dailey
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James L. Dailey, Chairman and
Chief Executive Officer
Page 3
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EXHIBIT INDEX
Exhibit Number Description
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99 Press release of Ohio Valley Banc Corp. issued May 4,
1999, regarding acquisition of branches.
Page 4
Exhibit 99
FOR IMMEDIATE RELEASE
Contact: Bryna Butler or Phyllis Wilcoxon
1-800-468-6682 or (740) 446-2631
Ohio Valley Bank acquires Huntington National Bank branches.
GALLIPOLIS, OHIO - James L. Dailey, chairman and chief executive officer of
Ohio Valley Bank announced today [Monday] the signing of a definitive purchase
agreement to acquire two West Virginia branches of The Huntington National Bank.
The two offices had combined deposits of $27 million at December 31, 1998. These
offices are the Milton office, located at 280 East Main Street, Milton, and the
Barboursville office, located in the Krogers Supermarket at 5636 U.S. Route 60
East, Barboursville.
Jeffrey E. Smith, president and chief operating officer of Ohio Valley
Bank, commented, "Over the past few years, Ohio Valley Bank has enjoyed
excellent growth. We are extremely pleased with this transaction. Milton and
Barboursville combined with our Cross Lanes SuperBank and our Point Pleasant
Office, will allow us to better serve western West Virginia.
The purchase is subject to certain conditions, including the approval of
regulatory authorities and is expected to be completed in the third quarter of
1999.
Douglas J. Leech, president for Huntington Banks Southeast Region said, "At
this time, the Milton and Barboursville offices are located outside our
strategic footprint. We are pleased to have reached an agreement with a
reputable financial institution located in this market who will work well with
both the customers and employees at these offices."
Ohio Valley Banc Corp. operates three subsidiaries: Ohio Valley Bank, now
with 14 offices in Ohio and W.Va.; Loan Central, with four offices in Ohio; and
Jackson Savings Bank of Jackson, Ohio. Ohio Valley Banc Corp. stock is traded on
NASDAQ under the symbol OVBC.
