REGION

REGION
Stoneridge selects Mallakas chief financial offer
HOWLAND -- Stoneridge has named Joseph Mallak its chief financial officer, effective Sept. 14. Mallak replaces Kevin Bagby, who is resigning Tuesday to pursue other opportunities.
Mallak has worked for 16 years with multinational companies, with managerial experience in finance, mergers and acquisitions, investor relations, debt and equity offerings, international management and strategic planning.
Most recently, Mallak was vice president and division chief financial officer for the Greenlee Group, a unit of Textron Inc. He was responsible for accounting and finance operations for the group, which includes the company's professional tools, test and measurement, and Intesys plastics businesses.
Howland-based Stoneridge makes electrical and electronic components for vehicles, although nearly all of its employees are outside the area.
Dividend declared
CORTLAND -- Cortland Bancorp has declared a quarterly dividend of 22 cents a share, payable Oct. 1 to shareholders of record as of Sept. 17.
From Vindicator staff reports