Neil Kaback - Cortland Bancorp Independent Director

Director

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 since 2004.
Age 53
Tenure 20 years
Professional MarksCPA
Phone330 637 8040
Webhttp://www.cortlandbank.com
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 9293, and is actively involved with the Mahoning County United Way, Trumbull 100 and Youngstown Area Jewish Federation

Cortland Bancorp Management Efficiency

The company has return on total asset (ROA) of 1.24 % which means that it generated a profit of $1.24 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 12.23 %, meaning that it created $12.23 on every $100 dollars invested by stockholders. Cortland Bancorp's management efficiency ratios could be used to measure how well Cortland Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 20.63 M in liabilities with Debt to Equity (D/E) ratio of 9.81, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist Cortland Bancorp until it has trouble settling it off, either with new capital or with free cash flow. So, Cortland Bancorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cortland Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cortland to invest in growth at high rates of return. When we think about Cortland Bancorp's use of debt, we should always consider it together with cash and equity.

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Cortland Bancorp operates as the bank holding company for The Cortland Savings and Banking Company that provides commercial and retail banking services in Northeastern Ohio and Western Pennsylvania. Cortland Bancorp was founded in 1892 and is headquartered in Cortland, Ohio. Cortland Bncp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 151 people. Cortland Bancorp (CLDB) is traded on NASDAQ Exchange in USA and employs 151 people.

Management Performance

Cortland Bancorp Leadership Team

Elected by the shareholders, the Cortland Bancorp's board of directors comprises two types of representatives: Cortland Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cortland. The board's role is to monitor Cortland Bancorp's management team and ensure that shareholders' interests are well served. Cortland Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cortland Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Cole, Independent Director
Neil Kaback, Independent Director
James Gasior, CEO and President Director, CEO of the Cortland Savings and Banking Company and President of the Cortland Savings and Banking Company and Director of the Cortland Savings and Banking Company
Martin Erbaugh, Director
David Lucido, CFO, Chief Accounting Officer, Sr. VP, CFO of the Cortland Savings and Banking Company and Sr. VP of the Cortland Savings and Banking Company
Stanley Feret, Chief Lending Officer, Sr. VP, Chief Lending Officer of the Cortland Savings and Banking Company and Sr. VP of the Cortland Savings and Banking Company
Thomas Perciak, Director
Timothy Woofter, Independent Director
Anthony Vross, Independent Director
James Hoffman, Independent Director
Joseph Langhenry, Independent Director
Richard Thompson, Independent Director
Josheph Koch, Independent Director
Timothy Carney, Chief Operations Officer, Executive VP, Corporate Secretary, Director, Secretary of The Cortland Savings and Banking Company, Executive VP of The Cortland Savings and Banking Company, Chief Operations Officer of The Cortland Savings and Banking Company and Director of The Cortland Savings and Banking Company
Deborah Eazor, IR Contact

Cortland Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cortland Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Cortland Bancorp information on this page should be used as a complementary analysis to other Cortland Bancorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Other Consideration for investing in Cortland Stock

If you are still planning to invest in Cortland Bancorp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Cortland Bancorp's history and understand the potential risks before investing.
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