Letter to Shareholders

December 16, 2014

Dear Fellow Shareholder:

Enclosed please find a fourth quarter dividend remittance of $0.19 per share.  CSB continues to pay a strong dividend, with the current annual yield equating to 3.45% based on the market price of $22.00 per share at the time of this writing on December 10.  

We are also pleased to report that CSB continues to grow in its markets.  Loan and deposit totals, as well as net income, have again increased during each of the first three quarters this year as compared to the same quarter in the prior year.  The overall economy in our markets, as well as the nation as a whole, has continued a fairly steady improvement thus far in 2014.

As a shareholder, you’ll be interested in knowing that Registrar and Transfer Company, the stock transfer company that has long provided services to you our shareholder, was acquired by Computershare in May 2014.  Computershare is another leading financial services provider for the securities industry, serving clients in 20 countries.  CSB Bancorp Inc. shareholders are scheduled to be converted to the Computershare system platform on or about December 20, 2014.  The phone number for investor assistance is not changing and will continue to be (800) 368-5948.  However, online assistance after this conversion will be provided at www.computershare.com.  Please feel free to contact either Computershare at the above toll free number, or Peg Conn, CSB’s corporate secretary, at (800) 654-9015 with any questions you may have about your CSB stock.

As we near the end of the year, we again say "Thank you" for choosing to be a shareholder of CSB.  Your investment supports the Company’s capital needs, and we strive to provide meaningful value to you in return.  The Company’s stock continues to be available through broker-assisted trades as well as the dividend reinvestment program.  Additionally, holders of record of CSB stock may also acquire further shares directly each quarter through the stock transfer company.  If you are interested in this voluntary purchase program, simply call Computershare directly at (800) 368-5948 for further information.  

On behalf of the entire CSB family, we wish you a happy and healthy holiday season and coming year.



Eddie Steiner                                                           John Waltman
President and Chief Executive Officer                   Chairman of the Board


This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934.  We have based these forward-looking statements on the Company’s current expectations and projections about future events.  These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us and the Company’s affiliate companies, that may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements.  In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions.  Factors that might cause or contribute to such a discrepancy include, but are not limited to those identified in the Company’s Securities and Exchange Commission filings, including the Company’s 2013 Annual Report on Form 10-K, filed on March 25, 2014.  The discussion should be read in conjunction with the Company’s Financial Statements and related Notes thereto included in the Company’s Form 10-K and Form 10-Q filings.

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