American Banker Magazine Ranks Cortland Bancorp High

CORTLAND, Ohio — Cortland Bancorp, holding company of The Cortland Savings and Banking Co., has been named to American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts.

In its May 2020 issue, American Banker ranked Cortland Bancorp 105th on the list of top performing publicly traded community banks. This marks a significantly improved performance compared to Cortland Bancorp’s ranking as No. 134 on last year’s list. 

The rankings are based on three-year average return on equity (ROE) as of the end of the previous year.

“We are honored to again be recognized by American Banker,” said James M. Gasior, president and CEO, in announcing the ranking. “The credibility of such third-party validation speaks volumes of Cortland Bancorp’s ongoing efforts to enhance shareholder value. We are proud to be recognized alongside other community banks with reputations for financial strength and community service.”  

Cortland Bancorp has total assets in excess of $700 million.

The bank operates 14 full-service banking centers and an loan production office in Fairlawn, Ohio.

Published by The Business Journal, Youngstown, Ohio.