Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
EMERGE: The Forum on Consumer Financial Services Innovation
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
Digital Banking Summit
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
2014 RDC Summit
Sept. 30 - Oct. 2
Las Vegas
 
ATM, Debit & Prepaid Forum
October 19-22
JW Marriott Desert Ridge
Phoenix
 
Money2020
November 2-6
Aria
Las Vegas
More events >  

Share |

Print Friendly and PDF

Ohio Valley Bank Joins Federal Reserve System

 

May 21 - The Federal Reserve Bank of Cleveland has approved an application by Ohio Valley Bank, Gallipolis, Ohio, to become a member of the Federal Reserve System.

Ohio Valley Bank President and CEO Tom Wiseman commented, "I congratulate the employees of Ohio Valley Bank for achieving this milestone in the bank's history. This membership opens up the opportunity for Ohio Valley Bank to have a more active role in our nation's banking system."

Banks that are state-chartered, like Ohio Valley Bank, are divided into those that are members of the Federal Reserve System (state member banks) and those that are not (state nonmember banks). State banks are not required to join the Federal Reserve System, but they may apply to become members if they meet the standards set by the Board of Governors.

Ohio Valley Bank, established in 1872, is a FDIC-insured community bank operating 15 offices in southern Ohio and western West Virginia. Shares of Ohio Valley Banc Corp. stock are available on The Nasdaq Global Market under the symbol "OVBC." Learn more about Ohio Valley Bank at the company's newly redesigned website: www.ovbc.com.



Back