Oak Valley Community Bank was named “2024 SBA 504 Most Active Bank,” with Rob Gildea recognized as the top loan officer.
Quiver AI Summary
Oak Valley Community Bank has been recognized as the “2024 SBA 504 Most Active Bank” by Success Capital – Certified Development Corporation, with Rob Gildea, a Vice President and Commercial Banking Officer, awarded as the “2024 SBA 504 Most Active Loan Officer.” These awards highlight the bank's significant lending activity across several counties in California and reflect Gildea's extensive experience and commitment to supporting the local small business community. The 504 Loan Program, which facilitates access to low down payment, fixed-rate financing for small businesses, is a key aspect of Oak Valley's services, reinforcing their dedication to helping businesses thrive. CEO Chris Courtney expressed pride in the recognition, emphasizing the efforts of the entire team in achieving success in SBA lending.
Potential Positives
- Oak Valley Community Bank was recognized as the “2024 SBA 504 Most Active Bank,” highlighting its leadership in SBA lending and commitment to supporting small businesses in the region.
- Rob Gildea, the Vice President and Commercial Banking Officer, received the “2024 SBA 504 Most Active Loan Officer” award, showcasing his expertise and dedication to providing vital capital for small business growth.
- The awards reflect the bank's steadfast dedication to the local small business community, enhancing its reputation and potentially attracting more clients seeking financing solutions.
- The recognition by Success Capital reinforces the bank's successful SBA lending program, which could lead to increased business opportunities and partnerships in the future.
Potential Negatives
- None
FAQ
What recognition did Oak Valley Community Bank receive in 2024?
Oak Valley Community Bank was awarded “2024 SBA 504 Most Active Bank” by Success Capital – Certified Development Corporation.
Who was named the most active loan officer?
Rob Gildea, Vice President and Commercial Banking Officer, received the distinction of “2024 SBA 504 Most Active Loan Officer.”
What regions does the SBA 504 loan activity cover?
The lending activity recognized covered San Joaquin, Stanislaus, Merced, Mariposa, Tuolumne, and Calaveras Counties.
What does the SBA 504 Program provide?
The SBA 504 Program offers loans for small business development, including financing for purchasing or building facilities.
How can I learn more about Oak Valley Community Bank?
For more information about Oak Valley Community Bank and their services, visit their website at www.ovcb.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OVLY Insider Trading Activity
$OVLY insiders have traded $OVLY stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OVLY stock by insiders over the last 6 months:
- ALLISON LAFFERTY purchased 100 shares.
- DANIEL J LEONARD purchased 1,000 shares.
- GARY STRONG purchased 700 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OVLY Hedge Fund Activity
We have seen 27 institutional investors add shares of $OVLY stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 35,145 shares (+8.1%) to their portfolio in Q3 2024
- BANC FUNDS CO LLC removed 28,684 shares (-39.6%) from their portfolio in Q3 2024
- KESTRA ADVISORY SERVICES, LLC removed 20,118 shares (-100.0%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 19,571 shares (+inf%) to their portfolio in Q3 2024
- FIRST TRUST ADVISORS LP removed 18,582 shares (-100.0%) from their portfolio in Q3 2024
- INVESCO LTD. removed 15,773 shares (-100.0%) from their portfolio in Q3 2024
- MORGAN STANLEY added 14,002 shares (+84.5%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
OAKDALE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), was recognized by
Success Capital – Certified Development Corporation
as their “
2024 SBA 504 Most Active Bank
.
”
In addition, Vice President, Commercial Banking Officer,
Rob Gildea
received the distinction of “
2024 SBA 504 Most Active Loan Officer
” in 2024. Both distinctions covered lending activity in San Joaquin, Stanislaus, Merced, Mariposa, Tuolumne, and Calaveras Counties.
Gildea has 35 years of commercial banking experience. He joined the Oak Valley lending team in 2020. “This award is a testament to both Rob’s SBA knowledge and his drive to support our small business community. By consistently providing access to vital capital, Rob has empowered numerous businesses to thrive and succeed,” stated Gary Stephens, EVP Commercial Banking Group.
The 504 Program provides loans for small business development. Success Capital offers low down payment, fixed-rate financing via the SBA 504 Loan Program for business owners to purchase or build facilities for their businesses. “We are honored by Success Capital’s acknowledgment of the bank’s efforts. These awards reflect our steadfast dedication to ensuring our small business community has the financial resources necessary for growth. They pay tribute to our lenders and loan processing team who make our SBA lending program a success,” stated Chris Courtney, CEO.
Success Capital held their award presentation in November recognizing Oak Valley Community Bank and other financial institution partners. The bank was represented by Commercial Banking Officers and others who contributed to their lending activity including Mike Rodrigues, EVP Chief Credit Officer, Gary Stephens, EVP Commercial Banking Group, Peter Brown, SVP Commercial Banking Group, and Commercial Banking Officers, Rob Gildea, Victoria Gaffney, and Kim Parco.
Oak Valley Community Bank
OVCB 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. For more information visit
www.ovcb.com
.
Success Capital – CDC
Since 1986, Success Capital has been helping small businesses throughout California secure favorable fixed-rate financing for real estate projects and equipment through the SBA 504, SBA 7(a), and other loan programs. Success Capital offers low down payment, fixed-rate financing via the SBA 504 Loan Program for business owners to purchase or build facilities for their businesses. For more information, visit
www.successcapitalsba.com
.
Contacts:
Oak Valley Community Bank
Chris Courtney, CEO
Rick McCarty, President & COO
Phone: (866) 844
-
7500
www.ovcb.com
Success Capital CDC
Marsha Carr, President & CEO
Phone: (209) 521-9372
mcarr@successcapitalsba.com
This article was originally published on Quiver News, read the full story.
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