On January 20, 2009, the Board of Directors of Ohio Valley Banc Corp., (the "Company"), declared a quarterly cash dividend of $0.20 per common share on its common stock to be payable on February 10, 2009, to shareholders of record on February 2, 2009. The Company was also authorized by its Board of Directors to repurchase up to 175,000 shares of OVBC common stock through open market and privately negotiated purchases. All purchases will be made by the Company between February 16, 2009 and February 15, 2010, unless the Company's Board of Directors extends the program.

A press release was issued on January 20, 2009 announcing the details of the quarterly cash dividend and the stock repurchase program. A copy of the press release is included with this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits - The following exhibit is being filed with this Current Report on Form 8-K:

Exhibit No.    Description
-----------    -----------
99.1           Press  release  issued  by Ohio Valley Banc Corp. on  January 20,
               2009.