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Red Bull distribution center coming to Boardman

Red Bull distribution center coming to Boardman
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Farmers National Bank merger could translate into more customer services

Farmers National Bank merger could translate into more customer services
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Farmers National in Ohio to acquire a local peer

Farmers National in Ohio to acquire a local peer
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Business briefs | News, Sports, Jobs - The Vindicator

May 3, 2021
FREE HOME BUYING SEMINAR OFFERED: Cortland Bank will host a free homebuyer education seminar 6 p.m. May 20 at the Georgeanna Parker Activity Center at Boardman Township Park, 375 Boardman Poland Road.
The 90-minute educational session is designed to educate and empower prospective home buyers so they can make smart financial decisions and effectively compete in one of the most competitive housing markets in recent history.
The seminar will cover mortgage loans and how to qualify, the loan process and what to expect, the value of good credit and what impacts it, down payment requirements, and the need for preapproval. Also on the agenda are the various down-payment assistance programs and how home buyers can qualify.

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Business briefs | News, Sports, Jobs - Tribune Chronicle

May 3, 2021
ROBOTICS SEMINAR PLANNED: The Ohio Small Business Development Center at Youngstown State University is partnering with the National Robotics Engineering Center at Carnegie Mellon University to discuss how robotics and artificial intelligence can provide opportunities for your business.
The Robotics & Artificial Intelligence webinar is 10 a.m. Wednesday and the Drive Business Success Via Robots webinar for manufacturers is 10 a.m. Thursday.
Register for Wednesday’s seminar at https://tinyurl.com/ykxcss5f and for Thursday’s event, register at https://tinyurl.com/pyv9d7cv.
SHARON REGIONAL RECEIVES HIGH MARK: Sharon Regional Medical Center, a Steward family hospital, received an “A” grade in the spring 2021 Leapfrog Hospital Safety Grade, a national distinction recognizing the hospital’s achievements protecting patients from errors, injuries, accidents and infections.

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Cortland Bancorp reports net income growth in 1Q | News, Sports, Jobs

Apr 28, 2021
CORTLAND — Cortland Bancorp, the holding company for Cortland Bank, doubled its net income in the first quarter of the year to $2.8 million compared with the same three-month period in 2020.
The company in its first-quarter financial report Tuesday also reported the return on average assets ratio was 1.38 percent, and the return on average equity ratio was 13.5 percent, supported by 8 percent loan growth and 15 percent deposit growth compared with last year.
Performance also was aided by a high volume of mortgage originations and sales that added $800,000 to non-interest income, according to the bank.
Cortland Bancorp also had deposits grow 15 percent to $680 million in the quarter compared with 2020 and ended the first quarter with $792 million in assets compared with $713 million on March 31, 2020.

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Cortland Bancorp announces dividend | News, Sports, Jobs

Apr 22, 2021
CORTLAND — Cortland Bancorp, holding company for Cortland Bank, has announced a quarterly cash dividend of 15 cents per share.
The dividend will be payable June 1 to shareholders of record at the close of business on May 17.
James Gasior, president and CEO, said the dividend is an increase of 7 percent due to solid earnings performance.
At the recent stock price of $22.62 per share, the dividend equates to a yield of 2.7 percent on an annualized basis, Gasior said.
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Banks face challenges to workforce culture, productivity amid restraints of the pandemic

Banks face challenges to workforce culture, productivity amid restraints of the pandemic
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During a recent Zoom meeting with directors, Cortland Bank's typically vocal board kept uncommonly quiet.
Bank president and CEO James Gasior reached out to members individually afterward to get feedback on some issues he was surprised they didn't comment on. Some were simply uncomfortable talking in the video chat and clammed up.
"It's just different today with virtual meetings, not being in front of somebody," Gasior said. "There's something about being in a conference room or board room, sitting across the table where you can read the body language."

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