About Cortland Bank
Cortland Bank offers products and services similar to regional and national banks, and emphasizes responsive and personalized service. Customers are known by name rather than account number, and decisions are made by directors and managers who reside and work in the communities where the Company's headquarters and branches operate.
The Cortland Savings and Banking Company is a full-service state bank regulated by the Federal Reserve (www.clevelandfed.org) engaged in commercial and retail banking services. Business is conducted at a total of 15 offices in Ashtabula, Cuyahoga, Mahoning, Summit, Trumbull and Portage counties.
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As a local community bank, Cortland Bank strives to enhance the communities in which it serves. The bank contributes to a wide range of local organizations and charities.
The mission is supported by developing engaging financial literacy programs for youths. Cortland Bank has partnered with local schools, the YMCA and children’s centers to teach and grow financial skills and knowledge.
These financial literacy programs will help students become stronger savers, enabling them to have a better tomorrow. To further their financial literacy initiative, Cortland Bank introduced a new Passbook Savings program in 2012 for children ages 0 - 18. This program is structured to help facilitate strong savings, while promoting financial literacy. According to the ABA, a child with a college savings account is seven times more likely to attend college than one without, regardless of income, race, or academic achievement.
For donations or sponsorships requests, please contact your local branch manager or Melissa Maki, AVP/Director of Marketing & Communications, at 330.637.8040 or firstname.lastname@example.org.
Timeline of Cortland Bank:
The First National Bank of Cortland receives its Charter & opens for business in April. Mr. William Wartman was the Bank's first president.
The First National Bank of Cortland drops its national charter and switches to a state chartered bank adopting the name of The Cortland Savings and Banking Company.
First branch opens in Brookfield.
Mr. Lynn Morey retires as President, (1946-71). Donald J. Althouse elected as President.
Vienna branch opens.
Bristolville branch opens.
Mr. Althouse retires as President (1971-1976). Mr. Rodger W. Platt is elected President of the Bank.
Hiram & Windham acquired. Williamsfield opens. Total assets reach $100 million.
CSB stock splits 5 for 1.
Forms a new department offering full Trust Services.
Holding Company acquires CSB stock in an exchange for Cortland Bancorp Stock.
The Warren office on Elm Road opens and quickly becomes our third largest office. Total assets hit $200 million.
The Mantua, Portage County office is purchased and the Hubbard office opens. The 13,000 sq. ft. expansion of the Bank’s main office is completed. Mr. Platt is named chairman.
Cortland Bancorp stock pays a 50% stock dividend (3 for 2 split).
1988: Capital increases by $2.6 million through Shareholder Rights Offering. Dividend Reinvestment Program is initiated. Assets top $300 million.
Annual stock dividend begins
100 Year celebration!
The eleventh office opens in Niles.
North Bloomfield is the twelfth office.
Boardman is the first branch in Mahoning County.
Stock splits 3 for 1. Assets hit $400 million.
Construction of new Mantua office occurs.
Hiram is consolidated with new Mantua office.
Niles Park office opens & Niles Village closes.
Stock repurchase programs are launched.
Victor Hills opens in Boardman.
Lawrence Fantauzzi takes over as Mr. Platt retires from Presidency (1976-2005) and 42 years with the Bank.
Construction of the new Windham office begins in October.
The new freestanding Windham office opens in May on Maple Grove Road.
Construction begins on the new Brookfield office in January. The new Brookfield office opens in June.
Middlefield opens as first branch in Geauga County in May, for a total of 14 offices.
Construction begins in June on the new North Lima office, and opens in November 2008.
James Gasior is named President and CEO.
Timothy Carney is named Executive Vice President, Chief Operating Officer & Corporate Secretary.
Stanley Feret is named Senior Vice President & Chief Lending Officer.
David Lucido is named Senior Vice President & Chief Financial Officer.
Welcome Home Grant, an Affordable Housing Program, is offered.
Mortgage Center opens in Canfield.
Cortland Investment Group, a wealth management team, is formed.
Treasury management services expanded.