Oak Valley Bancorp · Oakdale, CA United States ·(NASDAQ (CM): OVLY)
Company Description
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This link will open in a new window Oak Valley Bancorp was formed in 2008 to be the holding company for Oak Valley Community Bank, which serves individuals and local businesses through about 10 branches in California's Central Valley. Eastern Sierra Community Bank, a division of Oak Valley, has three locations. The banks provide standard deposit products services such as savings, checking, and retirement accounts and CDs. Their lending activities consist of commercial real estate loans (more than half of their combined loan portfolio) and business, real estate construction, agricultural, residential mortgage, and consumer loans. Investment products and services are offered through an agreement with PrimeVest Financial Services . To read the full description, subscribe now.
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Key Oak Valley Bancorp Financials
| Company Type | Public - NASDAQ (CM): OVLY Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $23.0 |
| 2008 Employees | 123 |
Oak Valley Bancorp Executives
27 executives listed for Oak Valley Bancorp's Oakdale, CA location.
| Title | Name & Bio | Contact |
| Chairman; Chairman, Oak Valley Community Bank | Michael Jones | Network |
| Vice Chairman; Vice Chairman, Oak Valley Community Bank | Roger Schrimp | Network |
| CEO and Director; CEO and Director, Oak Valley Community Bank | Ronald Martin | Network |
Competition
Competitive Landscape for Oak Valley Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Oak Valley Bancorp Competitors
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