05/07/2020: Jeffersonville Bancorp Hosts Annual Shareholders Meeting
Jeffersonville Bancorp Hosts Annual Shareholders Meeting
Jeffersonville, NY (May 7, 2020) Jeffersonville Bancorp, the single-bank holding company for Jeff Bank, held its Annual Shareholders Meeting via live video streaming on Tuesday, April 28, 2020.
The financial information presented by the executive management team, which included net income of $6,506,000 in 2019, was well received by the 50 shareholders in attendance. “The Bank had another outstanding year in 2019,” stated George W. Kinne, Jr., President and CEO. “Our core earnings continued to rise, which allowed the Bank to pay out another special dividend in December 2019. We are grateful for our shareholders and customers for their continued trust in Jeff Bank.”
At the meeting, the Company’s shareholders re-elected Philip Coombe III, Donald L. Knack, and Edward T. Sykes to three-year terms as Directors. They also ratified the appointment of S.R. Snodgrass as the Company’s independent public accounting firm.
About Jeff Bank
Jeff Bank is an independently owned bank that is headquartered in Jeffersonville, NY and was founded in 1913. The Bank is an FDIC insured corporation that provides deposit and lending products in eleven full-service branches throughout Sullivan County and one branch in Orange County. Jeff Bank – Still Banking Strong! Find out more information at www.jeffbank.com.