OHIO VALLEY BANC CORP. Changes Certifying Accountant

TL;DR

**OVBC changed its auditor, seems like a normal switch, nothing to worry about.**

AI Summary

On February 8, 2024, OHIO VALLEY BANC CORP. (OVBC) announced a change in its certifying accountant. This is a routine administrative update and does not indicate any financial distress or issues with the company's past financial statements. For investors, this matters because the independence and reputation of a company's auditor are crucial for ensuring the reliability of financial reporting, though this specific change appears to be standard. The company's common shares are traded on NASDAQ under the symbol OVBC.

Why It Matters

A change in auditors can sometimes signal underlying issues, but in this case, the filing provides no indication of disagreement or adverse events, suggesting a routine transition. Reliable financial statements are critical for investor confidence.

Risk Assessment

Risk Level: low — The filing indicates a routine change in the certifying accountant without any reported disagreements or adverse events, suggesting low risk.

Analyst Insight

Investors should note the change in auditor but, given the lack of reported disagreements, it's unlikely to impact investment decisions. It's a good practice to monitor future filings for any further details regarding the new auditor or any restatements, though none are indicated here.

Key Players & Entities

• OHIO VALLEY BANC CORP. (company) — the registrant filing the 8-K
• February 8, 2024 (date) — date of the earliest event reported
• 000-20914 (string) — Commission File Number
• Ohio (string) — State of Incorporation
• 31-1359191 (string) — I.R.S. Employer Identification No.
• 420 THIRD AVENUE , PO BOX 240 GALLIPOLIS , Ohio 45631 (string) — Address of principal executive offices
• 740-446-2631 (string) — Registrant’s telephone number
• OVBC (string) — Trading Symbol for Common Shares
• NASDAQ (string) — Exchange on which Common Shares are registered

FAQ

Filing Documents

• sec8kchangeinaccountant.htm (8-K) — 25KB
• sec8kex161accntntletter.htm (EX-16.1) — 8KB
• image0.jpg (GRAPHIC) — 58KB
• image1.jpg (GRAPHIC) — 17KB
• image2.jpg (GRAPHIC) — 1KB
• image00003.jpg (GRAPHIC) — 10KB
• 0000894671-24-000004.txt ( ) — 287KB
• ovbc-20240208.xsd (EX-101.SCH) — 4KB
• ovbc-20240208_lab.xml (EX-101.LAB) — 22KB
• ovbc-20240208_pre.xml (EX-101.PRE) — 16KB
• sec8kchangeinaccountant_htm.xml (XML) — 4KB

01. Changes in Registrant's Certifying Accountant

Item 4.01. Changes in Registrant's Certifying Accountant The Audit Committee (the "Audit Committee") of the Board of Directors of Ohio Valley Banc Corp. (the "Company") conducted a competitive process to determine the Company's independent registered public accounting firm for the year ending December 31, 2024. The Audit Committee invited several independent registered public accounting firms to participate in this process. Following review of proposals from the independent registered public accounting firms that participated in the process, including the Company's current independent registered public accounting firm, Crowe LLP ("Crowe"), the Audit Committee approved, on February 8, 2024, the engagement of Plante & Moran, PLLC ("Plante") as the Company's independent registered public accounting firm for the year ending December 31, 2024, subject to completion of Plante's standard client acceptance procedures and execution of an engagement letter. On February 8, 2024, the Company, at the direction of the Audit Committee, notified Crowe that it has been dismissed as the Company's independent registered public accounting firm effective following the completion of its audit for the year ending December 31, 2023. Crowe's reports on the Company's consolidated financial statements as of and for the years ended December 31, 2022 and 2021 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended December 31, 2022 and 2021, and the interim period from January 1, 2023 through the date of this report, there were: (i) no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions between the Company and Crowe on any matters of accounting principles or practices, financial

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibit 16.1 Letter from Crowe LLP to the Securities and Exchange Commission dated February 8, 2024.

SIGNATURES

SIGNATURES 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 thereunto duly authorized. OHIO VALLEY BANC CORP. Date: February 8, 2024 By: /s/Larry E. Miller II Larry E. Miller II President and Chief Executive Officer