Consumers Bancorp, Inc. and Consumers National Bank Announce Retirement of John P. Furey as Board of Director
April 12, 2024 at 08:17 am EDT
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Consumers Bancorp, Inc. announced on April 11, 2024, John P. Furey, age 72, announced he will be retiring as a member of the board of directors of Consumers Bancorp, Inc. and Consumers National Bank effective at the conclusion of April 11, 2024?s regularly scheduled board of directors meeting. Mr. Furey has been a member of the Board since 1995 and his decision to retire did not result from any disagreement relating to consumers? operations, policies or practices.
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.