"Heartbleed" in the News - You may have read or heard about the recently announced "Heartbleed" vulnerability for the Internet community. CSB’s website, internet banking and mobile applications are secure and have not been affected. However, if you use the same password for multiple internet applications, including your CSB internet banking, we strongly advise you to change your CSB password to a unique password used only for CSB internet banking. It would be best to use a combination of upper and lower case letters and numbers. You may also want to refer to heartbleed.com for more information about the “Heartbleed” internet vulnerability. As companies patch their systems to protect from this vulnerability, they may request that you change your password and/or update your security questions. We highly recommend you follow their instructions, keeping in mind that no legitimate business would ask you to provide your password to them. Your password should be known only by you.
Press Release | August 31, 2005
CSB Bancorp Granted Financial Holding Company Status
Millersburg, OH – (Business Wire) – August 31, 2005 - CSB Bancorp, Inc., (CSBB.OB) Millersburg, OH, the parent company of The Commercial & Savings Bank was granted authority to change its holding company status from the current Bank Holding Company to a more expansive authority of Financial Holding Company. This change was the result of a filing with the Federal Reserve Bank and their subsequent approval.
President & Chief Executive Officer John J. Limbert commented, “We are appreciative of the regulatory agency approval of our application. In order to qualify for this status we must meet a variety of stringent legal and regulatory requirements, including ‘well capitalized’ levels and ‘well managed’ criteria. Additionally we are required to maintain a Community Reinvestment Act rating of Satisfactory or higher. Having the agencies acknowledge these achievements is most gratifying.”
Limbert continued, “With this new authority we are able to consider acquisitions and expansions into financial service companies, which include expanded insurance and securities activities. While we currently have no immediate plans, other financial holding company organizations have acquired title companies, insurance agencies, mortgage banking companies, created wholly-owned trust companies, underwritten mutual funds and bond financing, and created and managed service companies that offer consulting or out-source services to other banks.”
Limbert concluded, “We have assembled a talented and experienced management group, are blessed with a very good staff and maintain a very high capital to assets ratio. We owe it to our shareholders to explore prudent growth opportunities that increase the return on their investment. We believe that this new operating authority will provide us the vehicle to explore many additional financial industry opportunities.”
CSB Bancorp is the parent company of The Commercial & Savings Bank, an Ohio banking corporation chartered in 1879. The Bank serves consumers and businesses through nine banking centers in Holmes, Tuscarawas, and Wayne counties. CSB can be found on the web at www.csb1.com.
NEWS EDITOR: For further information, please contact John J. Limbert,
President and Chief Executive Officer or Paula J. Meiler, Senior Vice
President and Chief Financial Officer of CSB Bancorp, Inc. at 330-674-9015