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Cortland Bancorp (CLDB.OQ)

CLDB.OQ on NASDAQ Stock Exchange Capital Market

21.25USD
16 Oct 2019
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Summary

Name Age Since Current Position

Timothy Woofter

64 2010 Independent Chairman of the Board

James Gasior

55 2009 President, Chief Executive Officer of the Company and Bank, Director

Thomas Perciak

68 2018 Vice Chairman of the Board

David Lucido

57 2010 Chief Financial Officer, Senior Vice President of the Company and Bank

Timothy Carney

49 2009 Chief Operating Officer, Executive Vice President, Secretary of the Company and Bank, Director

Stanley Feret

54 2010 Senior Vice President, Chief Lending Officer of the Company and Bank

J. Martin Erbaugh

67 2016 Director

David Cole

56 1989 Independent Director

James Hoffman

63 1984 Independent Director

Neil Kaback

54 2004 Independent Director

Josheph Koch

57 2010 Independent Director

Joseph Langhenry

56 2013 Independent Director

Richard Thompson

66 2001 Independent Director

Anthony Vross

53 2013 Independent Director

Deborah Eazor

IR Contact

Biographies

Name Description

Timothy Woofter

Mr. Timothy K. Woofter is Independent Chairman of the Board of Cortland Bancorp., since 1985. Mr. Woofter is President, CEO, and Director of Stanwade Metal Products, a manufacturer of tanks and distributor of oil equipment, and Lucky Oil Equipment, a distributor of oil equipment. He is Partner in the Woofter Family Limited Partnership; Owner, Jester Investments, a residential and commercial property rental company; Part owner and Vice President of Northern Ventures, a real estate rental company; Manager of Hartford Land LLC, a Real Estate Holding Company; and Director of the Trade Association, Steel Tank Institute. Mr. Woofter has managed and owned a business that manufactures steel storage tanks and distributes oil-handling equipment for 40 years. He has owned and managed real estate, both residential and commercial, for over 30 years and is familiar with properties of these types and their values. The Corporate Governance Committee and the Board believe that the experiences, qualifications, attributes and skills that Mr. Woofter has developed through his business and leadership experiences allow him to provide business and leadership insight to the Board.

James Gasior

Mr. James M. Gasior is President, Chief Executive Officer and Director of Cortland Bancorp and Cortland Savings and Banking Company, subsidiary of the company. He is also a director of CSB Mortgage Company, Inc. He previously, Mr. Gasior served as Senior Vice President, Chief Financial Officer and Secretary of the Company and the Bank from November 2005. Mr. Gasior served as Senior Vice President of Lending and Administration of the Company and the Bank from April 1999 to October 2005. Mr. Gasior is a Certified Public Accountant, a member of the American Institute of CPAs and a member of the Ohio Society of CPAs. He is also a member and Director of the Youngstown-Warren Regional Chamber of Commerce, and is a member of the Ohio Bankers League, the Financial Managers Society, the RMA Northeast Ohio chapter, the Lariccia School of Accounting and Finance Advisory Council at Youngstown State University, YSU’s University Outreach Advisory Committee and is the current OFIC Mahoning Valley Campaign Chair for 2014-2015. His professional affiliation includes a background in all financial activities and financial reporting, audit preparation, budgeting, compensation reviews, and knowledge of government regulatory requirements. The Corporate Governance Committee and the Board believe that the experiences, qualifications, attributes and skills that Mr. Gasior has developed allow him to provide valuable accounting, strategic planning and corporate governance expertise to the Board.

Thomas Perciak

Mr. Thomas P. Perciak is Vice Chairman of the Board of the Company. From 1999 to 2004, Mr. Perciak was the Executive Vice President of Fifth Third Bank, Northeastern Ohio. Mr. Perciak was President and CEO of Emerald Financial Corp., the NASDAQ-traded, SEC-registered thrift holding company of The Strongsville Savings Bank, from the inception of Emerald Financial Corp. in January 1995 through August 1999 when Fifth Third Bancorp, Cincinnati, Ohio acquired Emerald Financial Corporation. During a twenty-year tenure as the principal executive officer, Mr. Perciak led The Strongsville Savings Bank from a two-office savings institution to a retail savings bank that had 16 banking offices in high growth suburban locations throughout Cuyahoga County, Lorain County and Medina County, Ohio. From April 22, 2008 through August 14, 2015, Mr. Perciak served as a director of LNB Bancorp, an SEC-registered, NASDAQ-traded bank holding company headquartered in Lorain, Ohio until its acquisition on August 14, 2015. He is the retired Chairman of the Southwest Health Center Foundation Board, a 358-bed hospital located in Middleburg Heights, Ohio. Mr. Perciak currently serves on the board of financial advisors to the Cleveland Catholic Diocese.

David Lucido

Mr. David J. Lucido is Chief Financial Officer, Senior Vice President of Cortland Bancorp and Cortland Savings and Banking Company, subsidiary of the company since January 18, 2010. Mr. Lucido is also the Treasurer of CSB Mortgage Company, Inc. Previously, he served as Corporate Vice President and Treasurer of First Place Bank (2008-2010) and Vice President and Manager of Holding Company Accounting for National City Bank (1994-2007).

Timothy Carney

Mr. Timothy Carney is Chief Operating Officer, Executive Vice President, Secretary and Director of Cortland Bancorp and Cortland Savings and Banking Company, subsidiary of the company. He was previously Senior Vice President and Chief Operations Officer of the Company and the Bank. Prior to joining the bank, Mr. Carney was employed by a accounting firm and had experience in all financial activities and financial reporting, audit preparation, budgeting, and knowledge of government regulatory requirements. The Corporate Governance Committee and the Board believe that the experiences, qualifications, attributes and skills that Mr. Carney has developed allow him to provide valuable accounting, strategic planning and corporate governance expertise to the Board.

Stanley Feret

Mr. Stanley P. Feret is Senior Vice President, Chief Lending Officer of Cortland Bancorp and Cortland Savings and Banking Company, subsidiary of the company., since March 10, 2010. Previously, Mr. Feret served as Senior Vice President of Huntington National Bank from June 2007 to March 2010 and Senior Vice President of Sky Bank from August 2004 to June 2007.

J. Martin Erbaugh

Mr. J. Martin Erbaugh is the Director of the Company and the Cortland Savings and Banking Company, the holding company for Cortland Bancorp. He has been the President of JM Erbaugh Co., a private investment firm focusing on real estate development and service oriented start-ups. From 1978 to 1995, Mr. Erbaugh was the founder and Chief Executive Officer of Lawnmark, which served over 100,000 customers with 18 offices in 6 states. Prior to that, he served as Director of Legal Affairs of Kent State University and was a General Manager of the Davey Tree Expert Company, currently serving as its Senior Advisor for Business Growth. Mr. Erbaugh was a founder and director of Morgan Bank, N.A. and Morgan Bancorp, Inc., Hudson, Ohio, from 1990 to 2007, and served as Chairman of the Board from 2002 to 2007. He also served as a Trustee of the Burton D. Morgan Foundation since 1990 and is currently its Vice President.

David Cole

Mr. David C. Cole is Independent Director of Cortland Bancorp., since 1989. Mr. Cole is a Partner and President of Cole Valley Motor Company, an automobile dealership. He is President of JDT, Inc., Cole Valley Chevrolet, CJB Properties, and David Tom LTD, automobile sales, since 2001. As President of a family-owned automobile dealership located in Warren, Ohio, Mr. Cole is responsible for the management and day-to-day operations of the business. He has a Bachelor of Science degree in business administration. Mr. Cole serves on the board of Forum Health. The Corporate Governance Committee and the Board believe that Mr. Cole’s experiences, qualifications, attributes and skills allow him to provide an extensive understanding of small business and retail needs.

James Hoffman

Mr. James E. Hoffman, III, is Independent Director of Cortland Bancorp., since 1984. An attorney, Mr. Hoffman is President of Hoffman & Walker Co., L.P.A. Mr. Hoffman has been a general practitioner of law for over 36 years and is a partner in a local law firm. He received his undergraduate (B.A.) degree at The Ohio State University in 1973 and his Juris Doctorate (J.D.) degree from the University of Akron Law School in 1976. The Corporate Governance Committee and the Board believe that Mr. Hoffman’s background as a lawyer and his experiences, qualifications, attributes and skills allow him to provide valuable insights to the Board.

Neil Kaback

Mr. Neil J. Kaback is Independent Director of Cortland Bancorp., since 2004. Mr. Kaback is Vice President of Cohen & Company, Inc., a firm that provides marketing for Cohen & Company LTD (an accounting firm where Mr. Kaback is also a Vice President). Mr. Kaback is a partner in Cohen & Company Investment Partnership, a financial planning firm and Vice President of Cohen Fund Audit Services, a mutual fund auditing firm. A member of the American Institute of CPAs and the Ohio Society of CPAs, Mr. Kaback has varied responsibilities. He focuses on high level business succession, tax, estate, and family business planning, as well as the supervision and planning of financial statement and tax return engagements. He heads the firm’s Automotive Dealers Group and provides managerial, operational, financing, and tax consulting advice. He serves as Finance Chairman for the Trumbull Memorial Hospital Foundation and was the Campaign Chairman of Operation: Save the company Airbase Reservists. He is also a director of GOJO, Inc. He was a member of the Leadership Youngstown Class of 92-93, and is actively involved with the Mahoning County United Way, Trumbull 100 and Youngstown Area Jewish Federation. The Corporate Governance Committee and the Board believes that the experiences, qualifications, attributes and skills that Mr. Kaback has developed allow him to provide continued accounting and financial expertise to the Board.

Josheph Koch

Mr. Josheph E. Koch is Independent Director of Cortland Bancorp. Mr. Koch is President of Joe Koch Construction, Inc., a homebuilding, developing and remodeling company since 1988. He is also President of Joe Koch Realty, Inc., a real estate brokerage firm, and owner of Better Living of the Mahoning Valley, a dealer for sunrooms and installations. Mr. Koch is a member of Eagle Ridge Properties, LLC since 2002. He is the President of Koch Family Charitable Foundation, a 501(c)3 organization. The Corporate Governance Committee and the Board believe that Mr. Koch’s experiences, qualifications, attributes and skills allow him to provide local business expertise to the Board.

Joseph Langhenry

Mr. Joseph P. Langhenry is Independent Director of Cortland Bancorp. Mr. Langhenry is the President and CEO of Watteredge, Inc., since 2000. A division of Coleman Cable, Inc., Watteredge, Inc. is a Cleveland-area manufacturer of power connectors and other products for the power generation, automotive and other industries. Mr. Langhenry started with Watteredge as a Sales Manager and previously worked as a bond trader for Prescott Ball and Turbin. He serves on the Board of the Lakewood Country Club. The Corporate Governance Committee and the Board believe that Mr. Langhenry’s experiences, qualifications, attributes and skills allow him to provide valuable business leadership expertise to the Board.

Richard Thompson

Mr. Richard B. Thompson is Independent Director of Cortland Bancorp., since 2001. Mr. Thompson is the owner and executive of Therm-O-Link, Inc., Vulkor, Inc., and Therm-O-Link of Texas, Inc., all manufacturers of electrical wire and cable; Owner and executive of Geneva Partners, a condominium development company which is no longer active; Executive of Kinsman IGA, a grocery store; Partner in Dana Partners, a real estate holding company, and Dana Gas, a gas well operation; Owner of the Heritage Hill Grain Company and Heritage Hill Enterprises, agricultural businesses, since 2003; Partner in Stratton Creek Woodworks, a maker of wood products, and Smearcase, a real estate holding company, each since 2005; Partner in Goodview, a Brazilian agricultural business; and Partner in Kinsman Hardware LLC, a home improvement store. Mr. Thompson is a private investor with an extensive background in manufacturing. The Corporate Governance Committee and the Board believe that Mr. Thompson’s experiences, qualifications, attributes and skills allow him to provide assistance in understanding and evaluating manufacturing business relationships. He has owned and managed numerous small businesses in several industries in the Bank’s current market area, as well as outside the immediate area.

Anthony Vross

Mr. Anthony R. Vross is Independent Director of Cortland Bancorp., since January 1, 2013. Mr. Vross is owner of Simon Roofing and has 28 years of experience in executive administration, manufacturing, operations, distributions and sales and marketing. He is the inventor of the Fume Recovery System, which is utilized nationwide by such facilities as schools, food processing plants, hospitals and other odor-sensitive environments, and is involved in many other concepts and technology in the roofing industry. Mr. Vross sponsors his company’s membership in the National Roofing Contractors Association and Restaurant Facilities Management Association and is a speaker for Professional Retail Store Management. He is a trustee and president of Glacier Sports, Inc. and Canfield Diamond Backers, Inc. He is a member of St. Maron’s parish where he has been a parish council member, CCD teacher, and volunteer for the Maronite Youth organization. The Corporate Governance Committee and the Board believes that the experiences, qualifications, attributes, and skills that Mr. Vross has developed through his business and industry experience allow him to provide local business expertise and innovation insight to the Board.

Deborah Eazor