Consumers Bancorp : Announces Retirement From Board of Directors
April 16, 2024 at 09:36 am EDT
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Consumers Bancorp, Inc. Announces Retirement From Board of Directors
Minerva, Ohio-April 16, 2024 (OTCQX: CBKM) Consumers Bancorp, Inc. (Consumers) today reported that John P. Furey has retired as a Director from the Consumers Bancorp, Inc. Board of Directors effective April 11, 2024.
Furey (age 72) joined the Board of Directors of Consumers Bancorp, Inc., and Consumers National Bank in August 1995. Over his 29-year history as a director of Consumers, Furey has served on various standing and ad hoc committees and has developed a strong background in community banking.
"John will be missed. "While passionately supporting community banking, his sound questioning, and calm manner helped crystallize bank strategy and direction. Over his 29 years as a director John has served on virtually all board committees and at one time or another has served as chairman of most. His broad experience as well as the experience gained from decades of running his own business gave John a unique perspective that he willingly shared in his director role," said Ralph J. Lober II, Consumers Bancorp, Inc. President & CEO. "He has been an automotive industry leader, a community leader, and a bank leader for many years. Consumers has been lucky to have had his support and access to his experience."
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Consumers Bancorp, Inc. is a bank holding company for Consumers National Bank (the Bank). The Company is engaged in the business of commercial and retail banking. The Bankâs business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area. The Bank also invests in securities consisting primarily of United States government-sponsored entities, municipal obligations, mortgage-backed and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac and Ginnie Mae. Its deposit products include business and personal savings accounts, negotiable order of withdrawal accounts, time deposits and demand accounts, as well as certificates of deposit. The Bankâs primary market area includes Carroll, Columbiana, Jefferson, Mahoning, Stark, Summit, Wayne, and contiguous counties in Ohio, Pennsylvania, and West Virginia. The Bank operates online and 21 branch locations.