Consumers Bancorp, Inc. operates as the bank holding company for the Consumers National Bank that provides various commercial and retail banking products and services for individuals, farmers, and small and medium-sized businesses.
The company accepts various deposit products, such as checking, savings, certificates of deposit, and individual retirement accounts. It also provides commercial and industrial loans, which include financing for equipment, inventories, and accounts receivable; commercial real estate loans, including mortgage loans to owners of owner-occupied commercial properties, commercial investment properties, and multi-family investment properties; and loans originated to finance the construction of owner-occupied and investment properties.
Farmland loans include financing or refinancing the acquisition or improvement of land used for agricultural purposes. Land development loans finance land acquisition and infrastructure improvements. Residential real estate loans comprise one to four family residential properties and include owner-occupied, non-owner-occupied, construction, and home equity loans. Additionally, consumer loans are primarily for automobile loans, personal lines of credit, and unsecured consumer loans.
In addition, the company invests in securities consisting of obligations of the United States government-sponsored entities, municipal obligations, and mortgage-backed securities. Further, it offers small business administration, business term, commercial construction loans; credit and debit cards; ATMs; and online and mobile banking, as well as cash management services.
Consumers Bancorp, Inc. was founded in 1965 and is headquartered in Minerva, Ohio.
