Ohio Valley Banc to close online mortgage unit Race Day Mortgage due to losses

OHIO VALLEY BANC CORP

Closing Race Day Mortgage due to low loan demand, personnel retention issues, and lack of profitability.
Will complete processing current loan applications; exact close date TBD.
Subsidiary was online consumer mortgage company; no financial impact disclosed.

item 7.01

OHIO VALLEY BANC CORP filing history →

Source: SEC EDGAR

accession 0000894671-23-000011

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