Wheeler
MINERVA – The Board of Directors of Consumers Bancorp Inc. approved the appointment of Shawna L. L’Italien as a Class II director and Michael A. Wheeler as a Class I director, effective March 11. L’Italien and Wheeler were also appointed as directors of the Company’s wholly owned subsidiary, Consumers National Bank, effective March 11.
L’Italien, a Salem resident, is partner in the Salem office of Harrington, Hoppe and Mitchell Ltd and serves on the firm’s Management Committee. Practicing law since 1996, she focuses her practice on business organization, commercial and real estate transaction, succession planning, elder law and estate planning. She is a graduate of the University of Mount Union and The Ohio State University Moritz College of Law.
Consumers National Bank to open new branch in Green
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Consumers Bancorp Inc., the Minerva holding company of Consumers National Bank, will open a new full-service branch in Green the coming months.
The company announced receiving approval from the Office of the Comptroller of the Currency to open a location at 4086 Massillon Road that will be the second branch in Summit County and the 19th in total in its retail network.
The bank said it expects that branch at Green Town Park Center to open sometime this spring. We are very excited to bring community banking to the residents and businesses in Green and southern Summit County. Green is a growing market, and the location at Town Park Center provides an opportunity to provide retail, commercial and residential banking services in a high-traffic corridor, said Consumers president and CEO Ralph Lober II in a statement. The area at large contains a great mix of housing, businesses, retail, manufacturing, and recreational and en
CFBank And Consumers National Bank Enter Into Agreement For Consumers To Purchase CFBank s Two Columbiana County, Ohio Branches
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WORTHINGTON, Ohio and MINERVA, Ohio, Dec. 29, 2020 /PRNewswire/ CFBank, National Association ( CFBank ) and Consumers National Bank ( Consumers ) have announced the signing of a branch purchase and assumption agreement pursuant to which Consumers will acquire the Wellsville, Ohio drive-up branch and the Calcutta, Ohio branch of CFBank.
The purchase and assumption agreement provides for the transfer by CFBank to Consumers of the land, buildings and other associated assets of the two branches, approximately $100 million in deposits, and certain loans and other interest earning assets. In exchange, Consumers will pay to CFBank the net book value of the land, building and associated assets of the branches, the par value of the earning assets, and a deposit premium equal to 1.75% of the average dai