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Ohio Valley Banc Corp. Joins Russell 3000 Index

1. OVBC joins the Russell 3000® Index, effective June 30. 2. Membership enhances visibility and investment from institutional funds. 3. Russell indexes capture top US stocks ranked by market capitalization. 4. About $10.6 trillion in assets benchmarked against Russell US indexes. 5. Future changes to semi-annual reconstitution aim for better market representation.

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FAQ

Why Bullish?

Inclusion in the Russell 3000 can lead to increased buying pressure from funds. Historical cases show stocks often appreciate post-inclusion due to heightened visibility.

How important is it?

Membership in the Russell 3000 increases institutional interest, enhancing liquidity and price stability.

Why Short Term?

The immediate effect of index inclusion typically influences stock price shortly after announcement, as funds adjust portfolios.

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, /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] was added as a member of the broad-market Russell 3000® Index, effective after the US market opened June 30 as part of the 2025 Russell indexes' reconstitution. Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means Ohio Valley Banc Corp. is also included in the small-cap Russell 2000® Index as well as appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell Index mutual funds are required to own the shares of the member companies' stock. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. Fiona Bassett, CEO of FTSE Russell, an LSEG business, comments: "The Russell indexes have continuously adapted to the evolving dynamic US economy, and it's crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a profitable benchmark." Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The company owns The Ohio Valley Bank Company, with 17 offices in Ohio and West Virginia, and Loan Central, Inc., with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com/shareholder. Contact: Bryna Butler, 740-578-3400, [email protected] SOURCE Ohio Valley Banc Corp. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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