News and Updates

CSB Participating in Coats for Christmas Campaign

We are happy to again be a collection point for the Coats for Christmas campaign conducted by iHeartMedia in Marion.

Collection boxes for gently used winter outerwear will be located at our two branches in Marion as well as the Upper Sandusky and Carey locations.

Kimmel Cleaners will again be donating their services to clean all the donations and WMS is furnishing trailers for storage of items. Tri-Rivers in Marion, St. Peters in Upper Sandusky and AMVET’s Post #27 in Bucyrus are donating their facilities to display the cleaned, pre-owned coats on distribution day, Saturday, December 12.

Commercial Savings Bank will be collecting winter outerwear from Oct. 12-Nov. 20.   Thank you for your help with this community project.

Ohio based Commercial Bancshares Inc. announces 32% dividend increase and share repurchase plan

UPPER SANDUSKY — Commercial Bancshares Inc.’s  (OTCQB: CMOH) Board of Directors declared an increase in its common stock cash dividend to $.25 per share on the Company’s outstanding shares of common stock and authorized a share repurchase plan of 59,000 shares, or 4.92% of shares outstanding. This new dividend level represents a 31.58% increase over the previous quarterly cash dividend level of $.19 per common share.

The share repurchase plan authorized by the Commercial Bancshares Inc. Board of Directors will be in effect through July 31, 2016. CMOH intends to repurchase its common shares through the open market or in privately negotiated transactions and repurchased shares will be held as treasury stock by the Company.

“Today’s announcement marks the fifth straight year of a cash dividend increase at Commercial Bancshares and reflects the Board’s and Senior Management’s confidence in our strategy and performance outlook,” said Robert E. Beach, Commercial Bancshares Inc.’s President and Chief Executive. “The increase in our dividend, along with the announced share repurchase plan, demonstrates our confidence in executing our business plan and reflects our ongoing commitment to prudent utilization of our capital base while delivering long-term value to our shareholders.”

Commercial Bancshares, Inc. is headquartered in Upper Sandusky, Ohio with total assets of approximately $326.4 million and total shareholder’s equity of approximately $35.5 million as of June 30, 2015.  The common stock of the Company is not listed on any stock exchange. While there is no established public trading market for the Company’s common stock, its shares are currently quoted in the inter-dealer quotation (or “over-the-counter”) marketplace using the trading symbol “CMOH.” The Company’s stock trades principally on the OTCQB, which is operated by OTC Markets Group, Inc. (formerly OTC Markets, Inc.) Trading on the OTCQB is limited to companies that report financial information with the SEC or a U.S. banking regulator. However, there are no financial or qualitative standards for quotation in this tier.

Certain statements contained herein are not based on historical facts and are “forward-looking statements” within the meaning of Section 21A of the Securities Exchange Act of 1934.  Forward-looking statements, which are based on various assumptions (some of which are beyond the Company’s control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of these terms.  Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial  assets, and the availability of and costs associated with sources of liquidity.  The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise.

CSB Receives “Proudly We Hail Award”

photoCommercial Savings Bank recently received the “Proudly We Hail Award” from the Findlay Exchange Club.   The award is present to a private residence or business that proudly displays the flag and does so properly. Pictured are (left to right) Vice President/Findlay Branch Manager Beth Waddell and Mortgage Processor Ann Tong. Thank you Findlay Exchange Club!

Community Banking Month–Meet Patricia Stover

patstoverPat is a customer service representative in Findlay. She has been with our company for many years and is retiring at the end of May. We will miss her, but wish Pat all the best! “My 25 years of service has been rewarding to me. I have enjoyed being part of a small community bank. Customer service is a a priority and receiving the reward given to you when resolving a customer’s problem. Commercial Savings Bank is Simply Better.”

Community Banking Month–Meet Jackie Jackson

JackieJacksonJackie is teller supervisor at the Jamesway office and has been employed by CSB since November 2008. “I enjoy community banking because of its personal atmosphere. You really get to know the people you work with from Bob Beach, the bank president, to the back office staff, all on a personal level. Everyone works together as a team with the same common goal of always putting our customer first, providing excellent customer service and building customer relationships. I feel it is a privilege to work for such an awesome company.”

Community Banking Month–Meet Kellie Adkins

kellieadkinsKellie has been a part-time teller at the Barks Road Marion branch since April 2013. “CSB has such a friendly and welcoming atmosphere to not only the staff, but our customers as well. I love that we are able to be more personable with our customers and support the community we live in.”

Community Banking Month–Meet Lauren Kelly

LaurenKellyLauren has been a part-time teller at the Jamesway office since August 2014. “CSB has been a great bank to work for and I thoroughly enjoy working with my team at the Jamesway branch. The best part about working for CSB is getting to know each and every customer to make them feel welcomed.”

Community Banking Month–Meet Pooja Soni

PoojaFindlay Customer Service Manager Pooja Soni has been with CSB for nine years. “There are many reasons why I love my job. I love being a part of a small community bank that makes a difference in Findlay. I love the phenomenal team of Findlay employees and truly believe ‘Great people attract great people!’ And that is why Commercial Savings Bank is Simply Better!”

Community Banking Month–Meet Makayla Davis

MakayladavisMakayla has been a part-time teller at our Barks Road branch in Marion since 2013. “I thoroughly enjoy that I have been able to establish personal relationships with my customers because we are a community bank. This has allowed me to get to know my customers and their banking needs in a better fashion.”

Community Banking Month–Meet Brittany Chase

BrittanyChaseBrittany has been a part-time teller at the Jamesway branch in Marion since November 2010.  According to Brittany,  “CSB has been such a great company to work for and I’ve enjoyed so much working with the crew here at the Jamesway branch. Everyone is so friendly and great to be around. As a community bank, CSB really delivers awesome customer service and is a great place to bank!”