GenBanc, Inc., the holding company for GenoaBank, has seen its stock valuation increase as of February 18, from the current market fair price of $55 to the new price of $62. This represents a 12.7 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,” said Martin Sutter, chairman, president and chief executive officer. “Due to the commitment of our entire team, GenoaBank continues to grow and prosper and is able to reward our dedicated and loyal shareholders.”
Through dedication, hard work and a spirit of comradery, GenoaBank achieved many successes last year despite challenging times.
Founded in 1902, GenoaBank is 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 $525 million and operates branch offices in Genoa, Elmore, Maumee, Millbury, Oregon, Port Clinton, Rossford, Sylvania and downtown Toledo.
