GENOA — GenBanc Inc., the holding company for GenoaBank, has announced that the new GenBanc Inc. stock
valuation as of Jan. 31 increased from the current market fair price of $43.25 to the new price of
$46.80. This is an 8 percent increase in stock value.
“GenoaBank continues to demonstrate solid financial performance due in large part to an effective
partnership with our customers, employees and shareholders,” stated Martin P. Sutter, chairman,
president and chief executive officer of GenoaBank. “Due to the commitment of our entire team, GenoaBank
continues to grow and prosper and is able to reward our dedicated and loyal shareholders.”
GenoaBank, founded in 1902, is now in its second century of providing a range of banking services to
business and private customers in Lucas, Wood, Ottawa and Sandusky counties.
The bank has assets of $370 million and operates branch offices in Genoa, Elmore, Maumee, Millbury,
Oregon, Port Clinton, Rossford, Sylvania and downtown Toledo.