Who Owns Consumers National Bank Company?

Consumers National Bank Bundle

Get Full Bundle:

	SWOT	$15	$10
	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10

TOTAL:

ADD TO CART

Who Really Owns Consumers National Bank?

Understanding the ownership structure of a financial institution like Consumers National Bank (CNB) is crucial for investors and stakeholders alike. The Consumers National Bank SWOT Analysis can provide deeper insights. A company's ownership significantly impacts its strategic decisions, financial performance, and overall market position. This article dives deep into the evolution of CNB's ownership, examining the key players and changes over time.

Consumers National Bank, a community bank with a rich history dating back to 1965, operates under its holding company, Consumers Bancorp, Inc. As of March 31, 2025, the bank reported substantial assets, showcasing its significance within the banking industry. This analysis will explore the CNB ownership, providing valuable insights for those interested in the bank's history, its current financial standing, and its future prospects, including details on CNB executives, Consumers National Bank branches, and the bank's financial performance.

The story of Consumers National Bank (CNB) began on August 30, 1965, when it was chartered as Minerva National Bank by the U.S. Office of the Comptroller of the Currency. This marked the inception of what would become a significant player in the banking industry. The initial vision was brought to life by a group of dedicated bankers, who aimed to establish a community-focused financial institution.

Minerva National Bank officially opened its doors on September 7, 1965. It started with a modest team of five employees and initial assets totaling $300,000. This early phase laid the groundwork for CNB's future growth and its commitment to serving its community. The bank's evolution reflects a strategic adaptation to meet the changing needs of its customers and the broader financial landscape.

In April 1975, Minerva National Bank transitioned to Consumers National Bank. This change reflected a broader strategic shift. In July of the same year, a second branch opened in Salem, Ohio, expanding its reach and services. Romain 'Bud' Fry took the roles of President and Chairman of the Board in September 1975, further shaping the bank's direction. The early years were marked by a community-centric banking philosophy that continues to guide the institution.

Early Origins

Consumers National Bank (CNB) was initially chartered as Minerva National Bank on August 30, 1965, by the U.S. Office of the Comptroller of the Currency.

Initial Operations

The bank commenced operations on September 7, 1965, with five employees and initial assets of $300,000.

Name Change and Expansion

In April 1975, Minerva National Bank was renamed Consumers National Bank, and a second branch opened in Salem, Ohio, by July of that year.

Leadership Transition

Romain 'Bud' Fry became the President and Chairman of the Board in September 1975.

Formation of Holding Company

In October 1994, shareholders approved the formation of Consumers Bancorp, Inc., a bank holding company.

Shareholder Structure

As of August 23, 2004, Consumers Bancorp had 2,146,281 common shares issued and outstanding.

Key Takeaways on CNB Ownership

Understanding the early ownership and structure of Consumers National Bank provides insight into its foundational values and strategic evolution. The bank's journey from its inception as Minerva National Bank to its current status reflects a commitment to community banking and strategic expansion. The formation of Consumers Bancorp, Inc. in 1994 was a pivotal moment, allowing for broader financial service offerings. For more details on the bank's growth strategy, explore the Growth Strategy of Consumers National Bank.

• The bank was founded in 1965 as Minerva National Bank.
• It transitioned to Consumers National Bank in 1975.
• Consumers Bancorp, Inc. was formed in 1994 as a bank holding company.
• The initial focus was on community-centric banking.

Consumers National Bank SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

Consumers National Bank (CNB) operates as a publicly held company through its holding company, Consumers Bancorp, Inc. The company's stock trades on the OTCQX under the ticker symbol CBKM. As of June 10, 2025, its market capitalization was $59.5 million, with 3.13 million shares outstanding. This structure indicates a wide ownership base, including institutional and individual investors. The Growth Strategy of Consumers National Bank has been significantly influenced by its ownership and leadership.

Key leadership transitions and strategic acquisitions have shaped the bank's ownership and direction. Laurie L. McClellan, who served as Chairman of the Board since March 1998, oversaw substantial growth during her tenure before retiring from the Chairman role in January 2024, though she remains a Board member. Ralph J. Lober II has been President and CEO since September 19, 2008, and Frank Paden became Chairman of the Board in January 2024, with Richard (Dick) Kiko as Vice Chairman. The acquisition of Peoples Bancorp of Mount Pleasant Inc. in 2019 expanded CNB's presence and increased its assets to approximately $630 million.

As of August 30, 2024, there were 3,123,588 Consumers Bancorp common shares outstanding. Detailed information about CNB ownership structure, including major shareholders, can be found in the company's annual reports and SEC filings, such as the Form 10-K for the fiscal year ended June 30, 2024, and quarterly reports like the Form 10-Q as of March 31, 2025. These documents provide insights into CNB's financial performance and ownership details.

Ownership Overview

Consumers National Bank is publicly traded, indicating diverse ownership.

• Stock trades on the OTCQX under the ticker CBKM.
• Market capitalization was $59.5 million as of June 10, 2025.
• Leadership transitions and acquisitions have shaped its evolution.
• Detailed financial information is available in annual reports and SEC filings.

Consumers National Bank PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The Board of Directors of Consumers Bancorp, Inc., also governs Consumers National Bank. As of June 2025, the board comprises Frank Paden (Chairman), Richard T. Kiko, Jr. (Vice Chairman), Ralph J. Lober II (President & Chief Executive Officer), David Bickerton, Ann Gano, Joe Gerzina, Bradley Goris, Shawna L'Italien, Laurie L. McClellan, John W. Parkinson, and Michael A. Wheeler. David Bickerton joined the board as a Class I director on March 13, 2025, and serves on several committees. Joe Gerzina became a director on July 11, 2024, and is part of the Loan, Audit, and Corporate Governance/Nominating Committees. This structure ensures oversight of the Revenue Streams & Business Model of Consumers National Bank.

The board's composition reflects a blend of experienced individuals, contributing to the strategic direction and operational oversight of the financial institution. The roles and committee assignments highlight the board's commitment to sound governance and risk management practices. The presence of independent directors, as defined by NASDAQ listing standards, further reinforces the commitment to impartial decision-making and accountability within the organization.

The voting structure at Consumers Bancorp generally follows a one-share, one-vote system. As of August 30, 2024, each shareholder could cast one vote per common share held at the Annual Meeting. The Board of Directors can exercise discretionary voting authority on proposals not submitted by shareholders. While cumulative voting is an option, its use varies in specific elections. Both Consumers Bancorp and Consumers National Bank held 12 board meetings during fiscal year 2024. Non-employee directors receive compensation, including a quarterly retainer and fees for attending meetings, ensuring their commitment to their roles.

Key Takeaways

The Board of Directors oversees Consumers National Bank, ensuring strategic direction and governance.

• The board includes experienced members with diverse backgrounds.
• Voting rights are typically one vote per share.
• Directors are compensated for their service.
• The board met 12 times in fiscal year 2024.

Consumers National Bank Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

In recent years, Consumers National Bank has been focused on strategic growth and community engagement. As of February 2025, the bank opened a new full-service branch in Massillon, Ohio, and expanded its sales team. The bank's commitment to local markets is a key aspect of its operational strategy within the banking industry.

Financially, the bank holding company reported net income of $1.9 million for the third quarter of fiscal year 2025, ending March 31, 2025. Total assets increased to $1.13 billion as of March 31, 2025. Total loans increased by $8.7 million for the nine-month period ended March 31, 2025, and total deposits increased by $52.5 million during the same period. The book value increased to $23.45 per share as of March 31, 2025.

Regarding CNB ownership, the equity buyback plan announced in March 2021 has expired. While the bank is publicly traded, specific recent trends in major shareholder changes beyond board appointments are not explicitly detailed in the provided information. The bank continues to emphasize its community-based banking model, which aligns with supporting local markets.

Key Financial Data

Net income for the third quarter of fiscal year 2025 was $1.9 million. Total assets reached $1.13 billion as of March 31, 2025. Total deposits increased by $52.5 million during the nine-month period ending March 31, 2025.

Strategic Initiatives

The bank opened a new full-service branch in Massillon, Ohio, in February 2025. The Wellsville, Ohio, branch relocation in May 2023 resulted in a 23.4% increase in deposit balances. The sales team has been expanded.

Ownership and Structure

The bank's equity buyback plan announced in March 2021 has expired. The bank is publicly traded, allowing for shifts in institutional and individual ownership. The bank emphasizes its community-based banking model.

Community Focus

Consumers National Bank focuses on community engagement. This includes supporting local markets through its banking model. The bank's strategy is centered on local market support.

Consumers National Bank Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔

Related Blogs