Company invites individual and institutional investors to log-on to OTC Markets' event at VirtualInvestorConferences.com
CORTLAND, Ohio, June 8, 2015 /CNW/ -- Cortland Bancorp (OTCQX: CLDB), the holding company for Cortland Savings and Banking Company, today announced that the June presentation from James M. Gasior, President and CEO; Timothy Carney, Executive Vice President, and David J. Lucido, Senior Vice President and CFO, is now available for 24/7 on-demand viewing.
LINK: http://VirtualInvestorConferences.com > click the red "register/ watch event now" button
Cortland Bancorp's presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the "virtual trade booth" for the next three weeks.
With assets of $556 million, Cortland earned $0.81 per share, in the last twelve months, up from $0.50 per share in the preceding 12 month period. Trailing twelve month profits were generated from solid balance sheet metrics and enhanced by strong contributions from its wealth management and mortgage banking business lines. Book value per share grew 9.3% to $12.62 in the past year. Cortland Bancorp is a well-capitalized financial institution with total risk-based capital to risk-weighted assets of 15.63% and tangible equity to tangible assets of 10.28%. The company will pay a quarterly cash dividend of $0.06 per share on June 1, 2015 to shareholders of record on May 12, 2015, generating a current yield of approximately 1.6% at current market prices.
About Cortland Bancorp
Cortland Bancorp is a financial holding company headquartered in Cortland, Ohio. Founded in 1892, the Company's bank subsidiary, The Cortland Savings and Banking Company conducts business through twelve full-service community banking offices located in the counties of Trumbull, Mahoning, Portage, and Ashtabula in Northeastern Ohio and two mortgage loan production offices, in Canfield and Fairlawn, Ohio. A thirteenth banking office is currently under construction in Mahoning County with an expected fourth quarter 2015 grand opening. For additional information about Cortland Banks visit http://www.cortland-banks.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
VirtualInvestorConferences.com, created by BetterInvesting (NAIC) and PR Newswire, has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with investors using a graphically-enhanced online platform.
Designed to replicate the look and feel of location-based investor conferences, Virtual Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network.
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SOURCE Cortland Bancorp
For further information: James M. Gasior, President & CEO, (330) 282-4111, http://www.cortland-banks.com