Cortland

Enerpac Tool Group Announces Definitive Agreement to Sell Cortland Industrial to Tufropes

Retrieved on: 
Tuesday, July 11, 2023
Machine Tools, Metalworking & Metallurgy, Engineering, Other Construction & Property, Manufacturing, Construction & Property, Other Manufacturing, Enerpac, Cortland, Growth, NYSE, Enerpac Tool Group, Sale, Cryptocurrency

Enerpac Tool Group Corp. (NYSE:EPAC) (“Enerpac” or the “Company”) announced today that it has completed a sale of its Cortland Industrial, LLC business to Tufropes, a global leader in the manufacturing of high-performance synthetic fiber ropes and netting solutions.

Key Points: 
  • Enerpac Tool Group Corp. (NYSE:EPAC) (“Enerpac” or the “Company”) announced today that it has completed a sale of its Cortland Industrial, LLC business to Tufropes, a global leader in the manufacturing of high-performance synthetic fiber ropes and netting solutions.
  • Enerpac intends to use net proceeds from this sale to pay down existing debt and support further strategic investments in growth and profitability.
  • As a part of the purchase agreement, the Company will provide certain transition services to Tufropes for a limited period.
  • Paul Sternlieb, Enerpac Tool Group Corp. President and CEO, stated, “With this transaction, we are continuing to sharpen Enerpac Tool Group’s pure-play focus.

Cortland Bancorp Reminds Shareholders of Voting and Election Deadlines for Merger with Farmers National Banc Corp.

Retrieved on: 
Wednesday, October 20, 2021
Personal Information Agent, U.S. Securities and Exchange Commission, Communication, Federation, Prospectus, GLOBE, Tripura Merger Agreement, Eastern Time Zone, Security (finance), Private Securities Litigation Reform Act, Holt Brothers Banking Company Building, JOINT, Register, Proxy, OR, SEC, Institutional Shareholder Services, AND, Plan, LLC, Annual general meeting, CEO, Risk, Sale, Form, Glass Lewis, Securities Act of 1933, Farmers National Bank, Person, Agreement, NASDAQ, ISS, Telephone, Stark, No, Forward-looking statement, Board, Holding company, Bank

The Election Deadline may be extended, in which case Farmers and Cortland will issue a press release announcing the new election deadline.

Key Points: 
  • The Election Deadline may be extended, in which case Farmers and Cortland will issue a press release announcing the new election deadline.
  • A special meeting of the shareholders of Cortland is being held on October 26, 2021 for purposes of considering and voting on a proposal to approve the Merger Agreement.
  • The Merger remains subject to the approval by the shareholders of Cortland at Cortlands special meeting of the shareholders and the satisfaction or waiver of the remaining closing conditions set forth in the Merger Agreement.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with over $3.3 billion in banking assets.

Farmers National Banc Corp. and Cortland Bancorp Announce Election Deadline of October 25, 2021

Retrieved on: 
Friday, October 1, 2021
Securities Act of 1933, Plan, Person, Private Securities Litigation Reform Act, Communication, Agreement, Telephone, Tripura Merger Agreement, SEC, Holt Brothers Banking Company Building, JOINT, Personal Information Agent, Proxy, OR, Form, Money transmitter, Prospectus, Farmers National Bank, Sale, NASDAQ, U.S. Securities and Exchange Commission, Federation, LLC, Register, Computershare, Forward-looking statement, GLOBE, Stark, Risk, Security (finance), Registration statement, Eastern Time Zone, Annual general meeting, AND, Holding company, Bank

The Election Deadline may be extended, in which case Farmers and Cortland will issue a press release announcing the new election deadline.

Key Points: 
  • The Election Deadline may be extended, in which case Farmers and Cortland will issue a press release announcing the new election deadline.
  • The documents necessary for shareholders of Cortland to make an election for their Merger consideration were mailed beginning September 27, 2021.
  • Shareholders of Cortland with questions regarding the election procedures, who want up to date information on the Election Deadline, or who wish to obtain copies of the election materials, may contact Georgeson LLC, the Information Agent, at 866-431-2096.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with over $3.3 billion in banking assets.

Cortland Bancorp Announces Second Quarter Financial Results

Retrieved on: 
Tuesday, July 27, 2021

CORTLAND, Ohio, July 27, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB) announced its second quarter 2021 financial results. Net income for the three months ending June 30, 2021 was $2.0 million, or $0.48 per share, which was 3% higher than the income level of $1.9 million, or $0.47 per share, for the first quarter of 2020. First quarter 2021 net income was $2.8 million, or $0.66 per share.

Key Points: 

Cortland Bancorp Declares Quarterly Cash Dividend of $0.15 Per Share

Retrieved on: 
Wednesday, July 21, 2021
Shareholders, Dividends, Cortland

CORTLAND, Ohio, July 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash dividend of $0.15 per share.

Key Points: 
  • CORTLAND, Ohio, July 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash dividend of $0.15 per share.
  • The dividend will be payable on September 1, 2021, to shareholders of record as of the close of business on August 9, 2021.
  • In response to our continued solid earnings performance, we are pleased to be able to continue the quarterly cash dividend, said James Gasior, President and Chief Executive Officer.
  • Cortland Bancorp is a financial holding company headquartered in Cortland, Ohio.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Cortland Bancorp Merger

Retrieved on: 
Wednesday, June 23, 2021
Cortland, Fiduciary, Banq

announces that it is investigating Cortland Bancorp (Cortland) (NASDAQ GS: CLDB ) regarding possible breaches of fiduciary duties and other violations of law related to Cortlands agreement to be acquired by Farmers National Banc Corp. (Farmers) (NASDAQ GS: FMNB ).

Key Points: 
  • announces that it is investigating Cortland Bancorp (Cortland) (NASDAQ GS: CLDB ) regarding possible breaches of fiduciary duties and other violations of law related to Cortlands agreement to be acquired by Farmers National Banc Corp. (Farmers) (NASDAQ GS: FMNB ).
  • Under the terms of the agreement, Cortland shareholders will receive either $28.00 per share in cash or 1.75 shares of Farmers common stock.
  • To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-cortland-bancorp .
  • You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected] .

Farmers National Banc Corp. and Cortland Bancorp Announce Farmers to Acquire Cortland Bancorp

Retrieved on: 
Wednesday, June 23, 2021
Articles, Business, Economy, Chief operating officer, Corporate governance, Ocean Bank

Timothy Carney, Cortlands Executive Vice President and COO will join Farmers as Senior Executive Vice President and Chief Banking Officer.

Key Points: 
  • Timothy Carney, Cortlands Executive Vice President and COO will join Farmers as Senior Executive Vice President and Chief Banking Officer.
  • Kevin J. Helmick, President and CEO of Farmers, stated, We are thrilled to announce the acquisition of Cortland and to have Jim and Tim join our executive management team.
  • Upon consummation of the transaction, The Cortland Savings and Banking Company will be merged with and intoFarmers National Bank and Cortlands branches will become branches of Farmers National Bank.
  • Copies of the documents filed with theSECby Farmers will be available free of charge on Farmers' website at https://www.farmersbankgroup.com.

Farmers National Banc Corp. and Cortland Bancorp Announce Farmers to Acquire Cortland Bancorp

Retrieved on: 
Wednesday, June 23, 2021
Banking, Professional services, Insurance, Finance, Regions of the United States, Cortland

Farmers National Banc Corp. (Farmers) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (Farmers National Bank), and Cortland Bancorp Inc. (Cortland) (NASDAQ: CLDB), the holding company for The Cortland Savings and Banking Company, jointly announced today they have entered into an agreement and plan of merger (the Agreement).

Key Points: 
  • Farmers National Banc Corp. (Farmers) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (Farmers National Bank), and Cortland Bancorp Inc. (Cortland) (NASDAQ: CLDB), the holding company for The Cortland Savings and Banking Company, jointly announced today they have entered into an agreement and plan of merger (the Agreement).
  • Timothy Carney, Cortlands Executive Vice President and COO will join Farmers as Senior Executive Vice President and Chief Banking Officer.
  • Kevin J. Helmick, President and CEO of Farmers, stated, We are thrilled to announce the acquisition of Cortland and to have Jim and Tim join our executive management team.
  • Upon consummation of the transaction, The Cortland Savings and Banking Company will be merged with and into Farmers National Bank and Cortlands branches will become branches of Farmers National Bank.

Cortland Bancorp Again Listed by American Banker Magazine as One of Top 200 Publicly Traded Community Banks and Thrifts

Retrieved on: 
Thursday, May 27, 2021
Cortland, Companies, Suburban Bancorp, Patriot National Bancorp

(NASDAQ: CLDB), the bank holding company of The Cortland Savings and Banking Company, today announced that, for the third straight year, it was again named to American Banker magazines Top 200 Publicly Traded Community Banks and Thrifts.

Key Points: 
  • (NASDAQ: CLDB), the bank holding company of The Cortland Savings and Banking Company, today announced that, for the third straight year, it was again named to American Banker magazines Top 200 Publicly Traded Community Banks and Thrifts.
  • In its May 2021 issue, American Banker ranked Cortland Bancorp 86th on the list of top performing publicly traded community banks.
  • It is always a great honor to be recognized by American Banker, said James M. Gasior, President and Chief Executive Officer.
  • Cortland Bancorp, headquartered in Cortland, Ohio, is a bank holding company with total assets in excess of $700 million.

Cortland Bancorp Announces Financial Results for the First Quarter 2021

Retrieved on: 
Tuesday, April 27, 2021
Dividend, Shareholders, Dividend, Shareholders, Dividend, Shareholders

b'Board authorizes $0.15 per share dividend, a 7% increase over prior quarterly dividend\nCORTLAND, Ohio, April 27, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB) announced its first quarter 2021 financial results.

Key Points: 
  • b'Board authorizes $0.15 per share dividend, a 7% increase over prior quarterly dividend\nCORTLAND, Ohio, April 27, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB) announced its first quarter 2021 financial results.
  • \xe2\x80\x9cIn addition, stimulus payments provided by the government, as well as the PPP funds for our borrowers, have significantly contributed to deposit growth.
  • Gains on mortgage originations accounted for 9% of all revenues for the first quarter compared to 7% of all revenues in the same quarter of 2020.
  • As of March 31, 2021, only 6 loans aggregating $15.6 million remain in deferral.\nCortland Bancorp continues to remain well capitalized under all regulatory measures, with capital ratios exceeding the statutory well-capitalized thresholds by an ample margin.\xc2\xa0 For the quarter ended March 31, 2021, capital ratios were as follows:\n'