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Oak Valley Community Bank Announces Promotions

1. Greg Mulder promoted to VP of Commercial Banking at OVLY. 2. John Westberg becomes Assistant VP of Commercial Banking. 3. Mulder to manage significant C&I loan portfolio. 4. Westberg focuses on client growth and strategic projects. 5. OVLY plans to open 19th branch in Lodi later this year.

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Why Bullish?

Promotions indicate strong internal management and strategic growth potential, likely enhancing OVLY's operational effectiveness. Historically, effective management changes correlate with positive stock performance in the banking sector.

How important is it?

Promotions of key personnel are typically significant for community banks. Their experience can positively influence OVLY's growth, potentially impacting stock price in the future.

Why Long Term?

Leadership stability is crucial for sustained growth in lending, which could improve profitability over time. Examples include banks that have maintained consistent leadership during growth periods, benefiting from enhanced trust and customer engagement.

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OAKDALE, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced the promotions of Greg Mulder to Vice President, Commercial Banking Officer and John Westberg to Assistant Vice President, Commercial Banking Officer. Mulder is based out of the Escalon Office and Westberg is based in Oakdale. Mulder joined the bank nearly 11 years ago and had advanced from Credit Analyst to AVP Commercial Credit Officer prior to this promotion. He’s known for managing some of the bank’s largest and most complex C&I relationships and consistently reflects the bank’s core values through customer service and collaboration. In his new role, Mulder will oversee a significant C&I loan portfolio and continue delivering tailored lending solutions. He is an active member of First Presbyterian Church of Ripon and holds a bachelor’s degree in finance and economics from Dordt University. Mulder lives in Ripon with his wife, Janelle, and their two children. He enjoys outdoor activities, running, sports, and traveling with his family. Westberg joined the bank seven years ago, progressing from Credit Analyst to Commercial Credit Officer. He has played key roles in initiatives like the Paycheck Protection Program and regularly contributes across departments. In his new role, Westberg will focus on portfolio management, client growth, and strategic projects. He holds a bachelor’s degree in agriculture from CSU Stanislaus and an MBA in finance from Southeastern Oklahoma State University. Outside of work, he attends Heritage Church in Escalon, farms almonds, plays brass instruments, enjoys golfing, and loves traveling with his family. He lives in Oakdale with his wife, Sarah, and their two children. “We’re excited for Greg and John to step into their new roles,” said Gary Stephens, Executive Vice President, Commercial Banking Group. “Their expertise, leadership, and dedication make them invaluable to our team. We’re confident they’ll continue to thrive and contribute to the bank’s success.” Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location in Lodi later this year. For more information, call 1-866-844-7500 or visit www.ovcb.com. Contact:Chris Courtney/Rick McCartyPhone:(209) 848-BANK (2265) Toll Free (866) 844-7500 www.ovcb.com 

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