Jeffersonville Bancorp Hosts Annual Shareholders Meeting

Jeffersonville, NY (April 27, 2017) Jeffersonville Bancorp, the single-bank holding company for Jeff Bank, held its Annual Shareholders Meeting at the Town of Callicoon Town Hall on Tuesday, April 25, 2017.

The financial information dispensed by the executive management team, which included a net income of $5,118,000 in 2016, was well received by the 70 shareholders in attendance. “2016 proved to be an excellent year for Jeff Bank. With the hard work of our staff, the Bank was able to increase its overall net income by $410,000.The bank remains well-positioned to benefit from an improving local economy,“ stated George W. Kinne, Jr., President and CEO.

At the meeting, the Company’s shareholders re-elected Phillip Coombe III, Donald L. Knack, and Edward T. Sykes to three-year terms as Directors. They also ratified the appointment of BDO USA, LLP as the Company’s independent public accounting firm.

Pictured left to right are: Fred W. Stabbert III, Board Secretary; Kenneth C. Klein, Board Chairman; George W. Kinne, Jr., President, Chief Executive Officer; Tatiana Hahn, Executive Vice President, Chief Lending Officer; Rhonda Decker, Senior Vice President, Retail Banking Administrator, Security Officer; and John Russell, Executive Vice President, Chief Financial Officer.

About Jeff Bank

Jeff Bank is an independently owned bank that is headquartered in Jeffersonville, NY and was founded in 1913. The Bank is an FDIC insured corporation that provides deposit and lending products in eleven full-service branches throughout Sullivan County and one branch in Orange County. Jeff Bank – Still Banking Strong! Find out more information at www.jeffbank.com.

Media Contact:
Jaclene Austin
jaustin@jeffbank.com
(845) 482-4000