Oak Valley Bancorp 8-K
Research Summary
AI-generated summary
Oak Valley Bancorp CEO Retirement; COO Richard McCarty Named Successor
What Happened
Oak Valley Bancorp (and its wholly owned subsidiary Oak Valley Community Bank) announced on January 26, 2026 that Christopher M. Courtney will retire as Chief Executive Officer of both the Company and the Bank effective June 30, 2026. The Boards have selected Richard A. McCarty, the Company’s current President and Chief Operating Officer, to succeed Mr. Courtney as President and CEO on June 30, 2026. Mr. Courtney intends to remain a member of the Boards of Directors of both entities after his retirement as CEO.
Key Details
- Filing date: January 26, 2026 (Form 8-K).
- CEO retirement effective: June 30, 2026 (Christopher M. Courtney).
- Successor: Richard A. McCarty, age 54, currently President & COO, will assume role of President and CEO on June 30, 2026.
- Mr. Courtney will continue to serve as a director of both the Company and the Bank after stepping down as CEO.
Why It Matters
This is a planned, internal leadership succession: the Boards selected the existing President/COO as CEO, which suggests continuity in management and strategy. For investors, the filing provides the key dates and parties involved in the transition; no financial statements, pro forma information, or additional officer departures were reported in this 8-K.
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