REGION
Tuesday, August 29, 2006 REGION Dividend declared CORTLAND — Cortland Bancorp declared a quarterly dividend of 22 cents a share. The dividend is payable Oct. 2 to shareholders of record as of Sept. 14. NATION Bankruptcy filings drop in third quarter WASHINGTON — Bankruptcy filings fell about 67 percent in the third quarter and more than 9 percent in the last year, according to data released Monday by the Administrative Office of the U.S. Courts. There were 155,833 total bankruptcy filings in the third quarter, compared with 467,333 in the year-ago period. During the 12-month period that ended June 30, there were about 1.5 million bankruptcy cases filed in federal courts compared with more than 1.6 million in the year-ago period. It was the smallest number of filings since the 12-month period ended September 2001, according to the federal court data. Industry insiders said the drop was tied to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which went into effect in mid-October and made filings more difficult and expensive. From Vindicator staff and wire reports