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Business briefs

CORTLAND BANCORP RECOGNIZED: Cortland Bancorp, the holding company of Cortland Bank, was again named to American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts list.

In the publication’s May issue, American Banker ranked Cortland Bancorp 105th. Last year Cortland Bancorp was No. 134. The rankings are based on three-year average return on equity as of the end of the previous year.

FARMERS WINS RAYMOND JAMES CUP: Raymond James, one of America’s top financial services institutions, has selected Farmers National Banc Corp. of Canfield, the parent company of Farmers National Bank, as one of 26 banks across the United States for its 2019 Raymond James Community Bankers Cup.

This is the third year in a row Farmers National has received the award.

Now in its eighth year, the Bankers Cup is an extremely competitive award among community banks in which Raymond James evaluates the profitability, operational efficiency and balance-sheet metrics of every exchange-traded bank in America with assets between $500 million and $10 billion.

Raymond James also found strong stock performance with this year’s list of winners having outperformed bank peers over one-, three- and five-year total returns.

PANTALONE TOWING RECEIVES AWARD: Pantalone Towing in Niles has received the Bronze Level award in the category of Top Performing AAA Provider in North America.

Four hundred AAA contractors in the United States were nominated for the award.

Pantalone Towing has been locally owned and operated for more 50 years. It provides 24 / 7 car, light-truck and motorcycle towing, and emergency roadside assistance to the Mahoning Valley.

ALTA GETS GRANTS FOR TRANSPORTATION: Alta Care Group, comprised of Alta Behavioral Healthcare and Alta Headstart, has received two van grants to provide transportation for clients.

One grant was awarded by the state Office of Faith-Based and Community Initiatives for a seven-passenger van, and the second grant was comprised of funds from the Hine Memorial Fund of the Youngstown Foundation, Mercy Health Foundation and Alta Care for the purchase of a 15-passenger van.

People on the Move

MIDDLEFIELD BANC CORP. NAMES BOARD MEMBER: Middlefield Banc Corp. has announced Michael C. Voinovich has been elected to its board of directors. He fills a vacancy left by William A. Valerian, who retired from the board effective Wednesday.

Voinovich has served as a director of The Middlefield Banking Company since March 1. He is the executive vice president and chief investment officer of ECHO Health Inc., a provider of payment processing services to the health-care and insurance industries.

Middlefield Banc Corp., headquartered in Middlefield, is the bank holding company of The Middlefield Banking Co.

NEW LOCAL COORDINATOR IN HUBBARD: International Cultural Exchange Services has added Chuck Storey as a new local coordinator.

He will work with local international high school students and the local families that host them. He is looking for families to host for the 2020-21 school year. Exchange students live as a member of the host family. They participate in family activities, follow host family rules and help with chores. Students have their own medical insurance and spending money to cover all personal expenses; host families provide room and board, and parental guidance.

PROMOTION ANNOUNCED AT 717: Angelo LoCastro has been promoted to retail development manager for the 717 Credit Union. He has been employed with the credit union for three years. In his new position, LoCastro will be responsible for ensuring the streamlined operation of the newly created member experience outreach department.

business@tribtoday.com

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