Cortland Banks' subsidiary plans expansion in Western Ohio

Staff report

cortland

CSB Mortgage Co., a subsidiary of The Cortland Savings and Banking Co., is entering the market in western Ohio with a new office in Dayton.

Increased lending activity and more construction are taking place in that region, opening up more opportunities for CSB.

The new office will be on Washington Village Drive. It will be led by Kathy Shaw, who was named one of the nation’s top 200 mortgage originators in 2012 by Mortgage Executive Magazine.

CSB was formed in 2011. It purchases high-quality mortgage loans originated by mortgage brokers, mortgage bankers, banks and credit unions in the Midwest for sale on the secondary market.

It currently conducts its wholesale mortgage business in 11 states.

With the new Dayton office, CSB plans to increase its own retail mortgage lending activities by adding experienced mortgage-loan originators to its growing base of employees.

The company plans to add mortgage originators throughout the state including the Cleveland and Columbus areas.