News and Updates

Jeff Shrader Joins Commercial Savings Bank as VP/City Executive

Long-time Findlay banker Jeff Shrader has joined Commercial Savings Bank as Vice President/City Executive.   A Findlay native, Shrader brings a wealth of experience to the CSB team with 30 years in banking, 28 of those in Findlay.

CSB_Jeff_WebsizeA graduate of Findlay High School and Miami University, Shrader has spent his career serving Findlay both professionally and philanthropically.   He is currently a member of the Findlay-Hancock County Alliance Board of Directors and The University of Findlay’s Advisory Board for the College of Business.  A member of St. Mark’s Church, Shrader has also been involved throughout the years with Findlay City Schools Board of Education, United Way, the Domestic Violence Shelter and YMCA.

“I am looking forward to being a part of a true community bank environment,” Shrader said. “I look forward to being able to work with clients as they grow their businesses.   I plan to be an important team player and part of the CSB management team and continue to serve the Findlay community.”

CSB President and CEO Robert Beach said Shrader ‘s commitment to the community makes him an ideal fit for the bank.

“We are thrilled to welcome Jeff to the CSB family and Findlay team,” Beach said. “His long-term service to the Findlay area and commitment to see the local area prosper and grow, work hand-in-hand with CSB’s goals of providing Simply Better customer service and helping our local communities succeed.”

Established in 1920, Commercial Savings Bank operates offices in Findlay, Carey, Upper Sandusky, Harpster, Marion, Arlington, and Worthington (Loan Production Office). Commercial Savings Bank is a subsidiary of Commercial Bancshares, Inc. For more information on our stock or to purchase stock in Commercial Bancshares, Inc., please contact Tom Dooley of Boenning & Scattergood at 866-326-8113, or your local broker.

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!”