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Cortland Bancorp expands share buyback program

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Cortland Bancorp expands share buyback program

Cortland Bancorp's board increased the shares authorized for repurchase under the stock buyback program by 200,000 shares.

The program is effective through Dec. 31.

The Cortland, Ohio-based company said in a regulatory filing that 31,512 shares from the previous 100,000 shares repurchase authorization announced Jan. 29 remain available for purchase.

The aggregate 231,512 shares currently available for repurchase represent about 5.3% of Cortland Bancorp's issued and outstanding 4,338,498 shares.