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Thomas E. Wiseman, president at Ohio Valley Banc Corp. (OVBC), will add chief executive to his title.
May 10
Ohio Valley Bank in Gallipolis has joined the Federal Reserve System.
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The $835 million-asset unit of Ohio Valley Banc (OVBC) said Monday that the Federal Reserve Bank of Cleveland had approved its membership application. Membership means that Ohio Valley, a state-chartered institution, can participate in elections of directors to the Cleveland Fed and hold stock in the regional bank.
"This membership opens up the opportunity for Ohio Valley Bank to have a more active role in our nation's banking system," Tom Wiseman, Ohio Valley's chief executive, said in a press release.
Ohio Valley has 15 branches in Ohio and West Virginia.
