UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

 

Date of Report: May 4, 2012
(Date of earliest event reported)

 

Oak Valley Bancorp

(Exact name of registrant as specified in its charter)

 

CA

 

001-34142

 

26-2326676

(State or other jurisdiction

 

(Commission File

 

(IRS Employer

of incorporation)

 

Number)

 

Identification Number)

 

125 N. Third Ave.  Oakdale, CA

 

 

(Address of principal executive

 

95361

offices)

 

(Zip Code)

 

(209) 848-2265
(Registrant’s telephone number, including area code)

 

Not Applicable
(Former Name or Former Address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Section 8 — Other Events

 

Item 8.01          Oak Valley Bancorp has reached an agreement with the U. S. Treasury to repurchase shares

 

On May 3, 2012, Oak Valley Bancorp repurchased from the U.S. Treasury 6,750 shares of Non-Cumulative Perpetual Preferred Stock, Series B, for aggregate consideration of $6.75 million. The shares had been issued to the U.S. Treasury in September 2011 in connection with Oak Valley Bancorp’s participation in the U.S. Treasury Small Business Lending Fund Program.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: May 4, 2012

 

 

 

 

 

OAK VALLEY BANCORP

 

 

 

 

 

 

By:

/s/ Richard A. McCarty

 

 

 

Richard A. McCarty

 

 

 

Executive Vice President and Chief Financial Officer

 

 

(Principal Financial Officer and duly authorized signatory)

 

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