Latest Cortland Bncp Crtld Ohio (CLDB) Headlines
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Posted On: 03/09/2014 8:29:33 AM
Latest Cortland Bncp Crtld Ohio (CLDB) Headlines
Cortland Bancorp Declares Quarterly Cash Dividend of $0.03 per Share
GlobeNewswire - Fri Jan 31, 4:18PM CST
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.03 per share. The dividend will be payable on February 28, 2014, to common shareholders of record as of the close of business on February 10, 2014.
Cortland Bancorp Earns $1.8 Million or $0.39 per Share in 2013; Volcker Rule Charges Reduces 2013 Net Income by $1.3 Million, or $0.28 per Share
GlobeNewswire - Fri Jan 31, 4:16PM CST
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today reported 2013 profits were impacted by charges for its investment portfolio due to regulatory changes mandated by the Volcker Rule. In 2013, Cortland earned $1.8 million, or $0.39 per share, compared to $2.9 million, or $0.64 per share in 2012. Excluding the charges for the investment portfolio, which were $2.0 million pre-tax and $1.3 million after tax, Cortland would have earned $3.1 million, or $0.68 per share, in 2013.
Cortland Bancorp Declares Quarterly Cash Dividend of $0.03 per Share
GlobeNewswire - Fri Jan 31, 4:18PM CST
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.03 per share. The dividend will be payable on February 28, 2014, to common shareholders of record as of the close of business on February 10, 2014.
Cortland Bancorp Earns $1.8 Million or $0.39 per Share in 2013; Volcker Rule Charges Reduces 2013 Net Income by $1.3 Million, or $0.28 per Share
GlobeNewswire - Fri Jan 31, 4:16PM CST
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today reported 2013 profits were impacted by charges for its investment portfolio due to regulatory changes mandated by the Volcker Rule. In 2013, Cortland earned $1.8 million, or $0.39 per share, compared to $2.9 million, or $0.64 per share in 2012. Excluding the charges for the investment portfolio, which were $2.0 million pre-tax and $1.3 million after tax, Cortland would have earned $3.1 million, or $0.68 per share, in 2013.
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