UPPER SANDUSKY--In a recent issue of American Banker magazine ranking the top performing community banks and thrifts according to three-year average return on equity (ROE), Commercial Bancshares, Inc. ranked 79th nationally.
The listing, which included exchange-traded community banks and thrifts with less than $2 billion in assets, reflected the top 200 of the 851 institutions meeting the ranking's criteria. The ranking was based on the average return on equity for the three years ending December 31, 2010, 2011, and 2012. Data from SNL Financial was used for the article.
"I would like to thank our shareholders, directors, and employees for helping us to achieve this ranking and please consider joining our shareholder family," stated Robert Beach, President and CEO of the company.
Commercial Bancshares, Inc. is the parent company of Commercial Savings Bank (the "Bank"), which operates branches in Arlington, Carey, Findlay, Harpster, Marion, and Upper Sandusky, Ohio. The bank also has a loan production office in Worthington, Ohio.
The common stock of the Company is not listed on any stock exchange. While there is no established public trading market for our stock, our 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 Pink 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. The common stock of the Company is not FDIC insured and may lose value.
CAREY--Third graders from Carey Elementary School toured the Carey branch recently and got a behind-the-scenes look at the bank's operation.
Students walked to the branch and then had seven stations within the branch to stop at and learn more about the dollar bill, bank security, the path a check travels, the drive thru and more. Each student left the bank with a goodie bag and had the chance to sample "million dollar" fudge.
This is an annual event with Carey third-graders and is organized by Branch Manager Trisha DeAmicis.
A video of the recent presentation by economist Dr. Ken Mayland is available for viewing on our website.
Mayland shared his views on what lies ahead for our nation's economy as well as how current government policies will be affecting the future. To view the videos, click here.
The event took place at the Marion Country Club in partnership with the Marion Area Chamber of Commerce.
MARION--Noted economist Dr. Ken Mayland shared his thoughts on "A New Presidential Term: A New Economy or More of the Same?" during a recent luncheon hosted by Commercial Savings Bank. The event took place at the Marion Country Club and in partnership with the Marion Area Chamber of Commerce.
Dr. Mayland predicted no major changes to the current economic conditions with the second term of President Obama and his policies.
"We elected, and therefore chose to have, a divided government with three centers of power: the President, Senate Majority Leader Reid, and Speaker of the House Boehner. They are distinctively unfriendly to ne another, and this argues against major compromise deals on the major fiscal issues confronting the economy," Mayland said.
Other topics of discussion included conclusions from 2012, forecasting for 2013, probabilities for the next four years and a question-and-answer segment.
MARION—Economist Dr. Ken Mayland will address the topic “A New Presidential Term: A New Economy or More of the Same?” at a luncheon Thursday, March 14.
Commercial Savings Bank will sponsor the event in partnership with The Marion Area Chamber of Commerce. The luncheon will take place at the Marion Country Club from 11:30 a.m. to 1 p.m.
Mayland is president of ClearView Economics, LLC, a firm that specializes in economic research and forecasting. Previously, Mayland was chief economist for two major financial institutions. He graduated with degrees in economics from MIT (undergraduate) and the University of Pennsylvania (M.A. and Ph.D.). Mayland has spent more than 38 years studying the business cycle and providing economic analyses.
Mayland is a member of the Blue Chip Economic Forecasters and Financial Forecasts survey panels, and several wire service and newspaper survey panels. He has been a past member of the Economic Advisory Committee for the State of Ohio under various governors, and he has held several leadership positions with the National Association for Business Economics.
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.