Cortland Bancorp Declares 3¢ Cash Dividend
CORTLAND, Ohio – The directors of Cortland Bancorp, holding company of Cortland Banks, have declared a 3-cent per share cash dividend payable Feb. 28 to shareholders of record at close of business Feb. 14.
“The continuing payment of dividend reflects our growing confidence in the company. Supported by strong core earnings, increasing loan production and restored capital levels well above regulatory requirements,” said James M. Gasior, president and CEO. “We are pleased that the company’s financial strength and improved earnings power positions us to return profits to our shareholders while at the same time growing our business.”
Published by The Business Journal, Youngstown, Ohio.
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