CORTLAND, Ohio, May 20, 2019 (GLOBE NEWSWIRE) -- The ringing of either the opening or closing stock market bell is a time-honored tradition for companies trading on the Nasdaq capital market stock exchange. On Friday, May 17, Cortland Bancorp, the bank holding company of The Cortland Savings and Banking Company, participated in that long-standing tradition by ringing the closing bell. Although shares of the Company’s common stock have been trading under the CLDB Nasdaq symbol since March 8, this is the first time that the bank has participated in the closing bell ceremony.
A group of nearly 20 Cortland Bank directors and bank officers, led by President and CEO James Gasior, traveled to New York to help ring the closing bell.
“Transitioning to the Nasdaq capital markets was a major step for us, so it was exciting to be able to participate in this memorable event,” said Gasior. “There were a lot of people who worked hard to help get us to this milestone, and I’m happy that many of them were able to represent the Bank in New York.”
Cortland Bancorp, headquartered in Cortland, Ohio, is a bank holding company with total assets in excess of $674 million. The bank operates 14 full service banking centers and an LPO office in Fairlawn, Ohio. The bank recently opened its 14th full-service banking center in the community of Strongsville, Ohio in early February 2019, marking the third new branch in the past four years. Additional information is available at www.cortlandbank.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f539799-5b7c-47d6-8c15-266a6e90066e