News Room

Cortland Bancorp Reports 4Q & Full Year 2011 Earnings
CORTLAND BANCORP (the “Company,” OTCQB: CLDB) today reported net income of $4.1 million, or $.90 per share, for the year ending December 31, 2011, representing a 24% increase over the $3.3 million, or $.72 per share reported for the same period in 2010.

Business Outlook 2012: Cortland Banks announces new mortgage business subsidiary, Investor Relations initiative
Although 2011 year-end earnings results were not available for this report, Cortland Bancorp President and CEO James Gasior notes that the Management Team for the Company and for the banking subsidiary, Cortland Banks, has executed its business strategies according to plan and is in line to meet many of its financial and operational objectives.

Cortland Bancorp Reports Net Income of $1.05 Million for 3Q 2011
CORTLAND BANCORP ( the “Company,” OTCQB: CLDB) today reported net income of $1.05 million for the quarter ending September 30, 2011, representing over $1 million improvement from net income reported for the same period in 2010.







Excluding non-recurring items such as impairment losses and securities gains, the $1.05 million net income was an increase of 6.8% over the $983,000 comparable number for the quarter in 2010.







Net income for the nine months to date was $3.24 million or $.72 per share in 2011 versus $2.24 million or $.49 per share for 2010, a 44.6% increase.

Cortland Banks To Team Up with Junior Achievement to Teach Do's, Don'ts of Credit
On October 20, Cortland Banks, along with other local Banks, Credit Unions and local businesses, will be participating in Junior Achievement’s “Your Credit Your Future” program. This year Cortland Banks will be presenting its lessons on the do’s and don’ts of credit at Austintown Fitch High School and Lowellville High School. In all through Junior Achievement’s Program more than 600 high school students in Mahoning, Trumbull, and Columbiana Counties will be learning about financial literacy on October 20, 2011.

Cortland Bancorp Reports Second Quarter 2011 Earnings

CORTLAND BANCORP ( the "Company," OTCQB: CLDB) today reported core earnings of $2.1 million for the six months ending June 30, 2011, representing a $40 thousand improvement from core earnings reported for the same period in 2010.

Cortland Bancorp Reports First Quarter 2011 Earnings
CORTLAND BANCORP ( the “Company,” OTCBB:  CLDB) today reported core earnings of $1.0 million for the first quarter of 2011, representing a $49 thousand improvement from core earnings reported for the same quarter of 2010.  Net income which includes non-recurring items such as impairment losses and reductions in retirement expense, such as those recorded in 2010 as a result of a restructuring of the Company’s management group, was $869 thousand for the quarter, or $0.19 per share versus $894 thousand for the first quarter of 2010, or $0.20 per share.

Cortland Banks Promotes Carrie Stackhouse to Assistant Vice President
CORTLAND, OH- Cortland Banks recently announced the promotion of Carrie Stackhouse to Assistant Vice President. Carrie maintains duel responsibilities as a Commercial Loan Officer and Portfolio Manager in the Bank’s Mahoning County market. She currently works out of the North Lima Community Bank location on Market Street and Western Reserve Road. Carrie has 10 years of banking experience and has been with Cortland Banks since November 2007.

Cortland Bancorp Reports Fourth Quarter and Year to Date 2010 Earnings
Cortland Bancorp (the “Company;” OTCBB:  CLDB) announced today it’s fourth
quarter and year end  results for the period ending December 31, 2010.  The Company reported net income of $1.036 million or $0.23 per share for the quarter ending December 31, 2010.  This compares to a net income of $17,000 for the quarter ending September 30, 2010 and net income of $643,000 or $0.14 per share for the same period in 2009.

For the year ending December 31, 2010, the Company reported net income of $3.271 million or $.72 per share, compared to a net loss of $(6.335) million or $(1.40) per share for year ended December 31, 2009.

Working Together, Works. Cortland Banks joins Harvest for Hunger. To benefit Second Harvest Food Bank
Cortland Banks is teaming up with Second Harvest Food Bank for the month of March to help generate donations of food and funds to those in our Valley who need it most. During the month of March, Cortland Banks will make a donation for every checking account* opened by a new deposit customer or referred by an existing customer; each new customer who mentions Harvest for Hunger will have a $25.00 donation made out in his/her name for the Second Harvest Food Bank of the Mahoning Valley.

Cortland Bancorp retains IST Shareholder Services
Letter issued to Shareholders on December 20, 2010 from President and CEO James Gasior.

Cortland Banks Employees teach local students how to manage money, stay out of financial dog house
(Orwell, November 10, 2010) — Half of the fifth grade class at Grand Valley Middle School made big spending, saving and budgeting decisions on November 10, during special lessons taught throughout the day by employees from Cortland Banks, David Kovacs and Dannielle Slaven.

This fun competitive lesson uses a new game called FETCH!™, which stands for Financial Education Teaches Children Healthy Habits™.  FETCH! teaches children to manage money early in life so they will grow into adults who make smart financial decisions.

Cortland Banks announces 3 new additions to the Commercial Lending Team
CORTLAND -  Cortland Bancorp the holding company for the Cortland Savings and Banking Company (the “Bank”), along with Chief Executive Officer James Gasior and Executive Vice President Tim Carney, would like to announce the appointment of Nick Berardino, Stanley J. Magielski and Joseph A. Marino,  as new members of the CSBC Commercial Lending Team. The appointments are effective July 13, 20, and August 2, respectively.

Cortland Bancorp Reports Profit for Second Quarter 2010
Cortland Bancorp (the "Company;" OTCBB: CLDB) today reported net income of $1.3 million for the second quarter of 2010, or $0.29 per share versus a net loss of $4.6 million in the second quarter of 2009, or ($1.01) per share.

Cortland Bancorp Welcomes New Member to Board of Directors: Joseph E. Koch
CORTLAND - Cortland Bancorp the holding company for the Cortland Savings and Banking Company (the "Bank"), announced today that the Company’s Board of Directors approved the appointment of Joseph E. Koch as a member of the Board of Directors of the Company and Bank. The appointment is effective May 18, 2010.

Cortland Bancorp Reports First Quarter 2010 Results
Cortland Bancorp (the "Company;" OTCBB: CLDB) today reported net income of $894 thousand for the first quarter of 2010, or $0.20 per share versus a net loss of $1.40 million in the first quarter of 2009, or ($.31) per share.

Cortland Bancorp Reports Fourth Quarter and Year to Date 2009 Earnings
Cortland Bancorp (the “Company;” OTCBB:  CLDB) announced today it’s fourth quarter and year to date results for the period ending December 31, 2009.  The Company reported net income of $643,000 or $0.14 per share for the quarter ending December 31, 2009. 

Stanley P. Feret Annouced as Chief Lending Officer
CORTLAND -  Cortland Bancorp the holding company for the Cortland Savings and Banking Company (the “Bank”), announced today that the Company’s Board of Directors approved the appointment of Stanley P. Feret as Senior Vice President and Chief Lending Officer of the Company and Bank.  The appointment is effective March 10, 2010.

Cortland Bancorp Announces Appointment of David J. Lucido as Chief Financial Officer
CORTLAND -  Cortland Bancorp the holding company for the Cortland Savings and Banking Company (the “Bank”), announced today that the Company’s Board of Directors approved the appointment of David Lucido as Chief Financial Officer of the Company and Bank.  The appointment is effective January 18, 2010.

James M. Gasior Appointed President, CEO
The Board of Directors of Cortland Bancorp (the “Company”) and the Cortland Savings and Banking Company (the “Bank”) appointed, effective November 2, 2009, James M. Gasior as President and Chief Executive Officer of the Company and the Bank. Also effective November 2, 2009, the Board of Directors appointed Timothy Carney as Director and Executive Vice President of the Company and the Bank.

Cortland Banks Welcomes Nicole Whitsel
Cortland Banks announces the hiring of Nicole Whitsel as Risk Manager.