Ohio Valley Banc Corp. Joins Russell 3000 Index

* Reuters is not responsible for the content in this press release.

Mon Jun 29, 2009 4:42pm EDT

GALLIPOLIS, Ohio, June 29 /PRNewswire-FirstCall/ -- Ohio Valley Banc Corp.
(Nasdaq: OVBC) has joined the broad-market Russell 3000(R) Index when Russell
Investments reconstituted its comprehensive set of U.S. and global equity
indexes on June 26, 2009, according to the final list of additions posted on
www.russell.com.

Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest
U.S. stocks as of the end of May, ranking them by total market capitalization.
 Membership in the Russell 3000, which remains in place for one year, means
Ohio Valley Banc Corp. is also included in the small-cap Russell 2000(R) Index
as well as appropriate growth and value style indexes.  Russell determines
membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies.  An industry-leading $4 trillion in assets currently
are benchmarked to them.  The annual Russell reconstitution is usually one of
the most highly-anticipated and heaviest trading days in the U.S. equity
market, as asset managers seek to reconfigure their portfolios to reflect the
composition of Russell's indexes.  As such, the trading in Ohio Valley Banc
Corp.'s shares has been volatile and heavy as many of these shares were
purchased by or for Russell Index mutual funds, which are required to own the
shares of the newly added companies when the Index is reconstituted.


Ohio Valley Banc Corp. common stock is traded on the NASDAQ Global Market
under the symbol OVBC. The holding company owns three subsidiaries: Ohio
Valley Bank, with 16 offices in Ohio and West Virginia; Loan Central, with six
consumer finance offices in Ohio, and Ohio Valley Financial Services, an
insurance agency based in Jackson, Ohio. Learn more about Ohio Valley Banc
Corp. at www.ovbc.com.

Contact: Bryna Butler (740) 446-2631 ext.253


SOURCE  Ohio Valley Banc Corp.

Bryna Butler, +1-740-446-2631, ext. 253
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.