About Cortland Bancorp
Stock
price "Quick
Quote" from MSN
MoneyCentral® Investor.
Stock
price "Detailed
Quote" from MSN
MoneyCentral® Investor.
Stock price "Detailed
Quote" at Bloomberg, L.P.®.
Disclaimer:  Cortland Bancorp makes no representations
as to the accuracy of quotes at the Bloomberg® or MSN MoneyCentral®  web
sites, and cannot be held
liable for erroneous stock information at these web sites.
|
 
If you want to review our filings with the Securities and Exchange
Commission, use the link below.  Once at the SEC site, select the
[html] link for the desired document.  The resulting web page will have
a link, near the bottom, to an html-formatted view of the document. 
Select this link to view the document in your browser window.
Link
to U.S. Securities and Exchange Commission filings for Cortland Bancorp
(EDGAR database). 
About
EDGAR (the Electronic Data Gathering, Analysis, and Retrieval system).
If you want to review information about Cortland Bancorp Corporate
Governance and Code of Ethics, use this link:
Cortland Bancorp
Corporate Governance and Code of Ethics
 
ABOUT CORTLAND BANCORP
Cortland Bancorp (the "Company") was
incorporated under the laws of the State of Ohio in 1984.  The Company
was approved by the Federal Reserve as a
financial
holding company on March 13, 2000.  The
principal activity of the Company is to own, manage and supervise the Cortland Savings and
Banking Company ("Cortland Banks" or the "Bank").  The Company
presently owns all of the outstanding shares of the Bank.
Cortland Bancorp conducts no other
business activities except for investments in securities as permitted under the Bank
Holding Company Act.  The business of the Company and the Bank is not seasonal to any
significant extent and is not dependent on any single customer or group of customers.
Cortland Bancorp stock trades on the NASDAQ OTC Bulletin Board (OTCBB) under the symbol CLDB. 
The corporation makes available to shareholders a dividend reinvestment
plan, which includes safekeeping services.  There are no service charges under the
plan.
THE CORTLAND SAVINGS AND
BANKING COMPANY (a.k.a. Cortland Banks)
The Cortland Savings and Banking Company is a full service state bank engaged in
commercial and retail banking and trust services.  The Bank's services include checking
accounts, savings accounts, time deposit accounts, commercial, mortgage and installment
loans, leasing, debit card
services, night depository, automated teller services, home banking, on-line
bill payment, cash management, safe deposit boxes, money order
services, traveler's checks, and other miscellaneous services
normally offered by commercial banks.  Cortland Banks also offers discount brokerage
services.
Business is conducted at a total of 13
offices, 8 of which are located in Trumbull County, Ohio.  Two offices are located in the
communities of Windham and Mantua, in Portage County, Ohio.  Two
offices are located in Boardman Township, in southern Mahoning County, Ohio,
while the remaining
branch is
located in the community of Williamsfield, in Ashtabula County, Ohio.
The Bank, as a state-chartered banking
organization and member of the Federal Reserve System, is subject to periodic examination
and regulation by both the Federal Reserve Bank of Cleveland and the State of Ohio
Division of Banks.  These examinations, which include such areas as capital, liquidity,
asset quality, management practices, and other aspects of the Bank's operations, are
primarily for the protection of the Bank's depositors and not for its stockholders. 
In
addition to these regular examinations, the Bank must furnish periodic reports to the
regulatory authorities containing a full and accurate statement of its affairs. 
The Bank's
deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to the
statutory limit of $100,000 per customer.
COMPETITION
Cortland Banks actively competes with
state and national banks located in Northeastern Ohio and Western Pennsylvania. 
It also
competes for deposits, loans, and other service business with a large number of other
financial institutions, such as savings and loan associations, credit unions, insurance
companies, consumer finance companies, and commercial finance and leasing companies. 
Also,
money market mutual funds, brokerage houses, and similar institutions provide, in a
relatively unregulated environment, many of the financial services offered by banks. 
In the
opinion of management, the principal methods of competition are the rates of interest
charged on loans, the rates of interest paid on deposit funds, the fees charged for
services, and the convenience, availability, timeliness, and quality of the customer
services offered.
|