CONSUMERS BANCORP, INC. (OTCMKTS:CBKM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On August 13, 2020, David W. Johnson announced he has decided to not run for re-election as a member of the Board of Directors of Consumers Bancorp, Inc. and Consumers National Bank when his term of office expires at the Annual Meeting of Shareholder in October 2020. Mr. Johnson has served as a member of the Board of Directors since July 1997. Mr. Johnson’s decision did not result from any disagreement relating to Consumers’ operations, policies or practices.
About CONSUMERS BANCORP, INC. (OTCMKTS:CBKM)
Consumers Bancorp, Inc. is a bank holding company. The Company holds common stock of Consumers National Bank (Bank). The Company is engaged in the business of commercial and retail banking. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its market area, consisting of Carroll, Columbiana, Stark, Summit, Wayne and contiguous counties in Ohio. As of June 30, 2016, the Bank had 12 branch locations and two loan production offices. Its business banking consists of checking, including business entree checking and business complete checking; business debit card; business savings; business services; loans and credit, and services for employers. Its personal banking services include checking, which consists of Brilliant High Yield Checking, Flash Checking, Bright Checking and Vivid Interest Checking; personal debit card, and savings and certificates of deposit (CDs).