Cortland Bancorp Again Makes American Banker Magazine’s List of Top 200 Publicly Traded Community Banks and Thrifts

Rhea-AI Summary

Cortland Bancorp (NASDAQ: CLDB) has been recognized in American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts, ranking 105^th in the May 2020 issue, an improvement from last year’s rank of 134^th. The rankings are based on a three-year average return on equity (ROE) as of the end of the previous year. James M. Gasior, President and CEO, highlighted this recognition as third-party validation of the company's efforts to enhance shareholder value. Cortland Bancorp operates with total assets exceeding $700 million.

Positive

• Ranked 105^th in American Banker’s Top 200 Publicly Traded Community Banks, up from 134^th last year.
• Recognition based on three-year average return on equity (ROE), indicating strong financial performance.
• Total assets exceeding $700 million, supporting overall stability.

Negative

• None.

CORTLAND, Ohio, May 15, 2020 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the bank holding company of The Cortland Savings and Banking Company, today announced that it was again named to American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts. In its May 2020 issue, American Banker ranked Cortland Bancorp 105^th on the list of top performing publicly traded community banks, a significantly improved performance from Cortland Bancorp’s ranking as #134 on last year’s list.  The rankings are based on three-year average return on equity (ROE) as of the end of the previous year.

“We are honored to again be recognized by American Banker,” said James M. Gasior, President and Chief Executive Officer. “The credibility of such third-party validation speaks volumes of Cortland Bancorp’s ongoing efforts to enhance shareholder value. We are proud to be recognized alongside other community banks with reputations for financial strength and community service.”  

Cortland Bancorp, headquartered in Cortland, Ohio, is a bank holding company with total assets in excess of $700 million. The bank operates 14 full-service banking centers and an LPO office in Fairlawn, Ohio.  Additional information is available at www.cortlandbank.com.

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8%; width:8%; min-width:8%;">Contact:	92%; width:92%; min-width:92%;">James M. Gasior
	President and Chief Executive Officer
	330-637-8040 Ext. 1111
	jgasior@cortlandbank.com

FAQ

What is Cortland Bancorp's recent ranking in the Top 200 Community Banks?

Cortland Bancorp ranked 105^th in American Banker’s Top 200 Publicly Traded Community Banks and Thrifts.

How did Cortland Bancorp's ranking change compared to last year?

Cortland Bancorp improved its ranking from 134^th last year to 105^th this year.

What criteria were used for Cortland Bancorp's ranking?

The ranking is based on a three-year average return on equity (ROE) as of the end of the previous year.

What are the total assets of Cortland Bancorp?

Cortland Bancorp has total assets exceeding $700 million.