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A Solution for Closely Held Banks

Jeff For Banks

This month, Old Fort Banking Company in Tiffin, Ohio gave us an answer. The ESOP is funded with tax-deductible contributions by the employer in the form of company stock, or in the case of the Old Fort ESOP, with cash that was used to purchase company stock. Either way, Old Fort would have likely secured the loan.

Taxes 60
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The Thinker

Independent Banker

Coldwater, Ohio. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. Coldwater, Ohio. FDIC Advisory Committee on Community Banking, member. Ohio Banking Commission, board member. Jack Hartings Photo by Michael Nemeth. By Kelly Pike. Employees: 80.

Ohio 70
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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. First Bank of Ohio. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Less than $300 million. Philadelphia.