First Niles dividend

First Niles dividend

NILES

First Niles Financial, the parent company of Home Federal Savings and Loan Association of Niles, has announced a cash dividend of 8 cents per share of common stock and 9 cents per share of preferred class A stock for the fourth quarter.

The dividend will be payable Dec. 21 to stockholders of record Dec. 7. The company also announced plans to repurchase up to 33,804 common shares, representing 3 percent of its outstanding shares. The shares will be purchased over the course of 12 months at market prices and then held by the company as treasury shares.

Open house planned

AUSTINTOWN

The Ohio Gymnastics Institute will celebrate the grand opening of its training center at 5701 W. Webb Road on Saturday from 1 to 3:30 p.m.

Gymnasts, cheerleaders and parkour enthusiasts are encouraged to attend. There will be an open house, and at 2:30 p.m., a dedication ceremony will take place.

The open house will feature performances by competitive teams, and free hot dogs and refreshments will be served. Visitors also will get a chance to try beginning gymnastic skills during a tour of the facility, and the first 100 visitors will receive a free gift.

Amended plan

CORTLAND

Cortland Bancorp has amended and restated the company’s dividend reinvestment plan effective Wednesday and will permit investments to be made under the plan beginning in February 2013.

The plan permits reinvestment of dividends and supplemental investments by eligible shareholders who already own at least one common share of Cortland Bancorp. purchased under the plan in the over-the-counter market or directly from the company. President and CEO James Gasior said, “With the recent resumption of our dividend, this amended plan will allow our shareholders not only to reinvest their dividends to increase their investment, but enable them to purchase additional shares on a commission-free basis throughout the year.”

Vindicator staff reports