GenoaBank announced to its shareholders at the recent annual meeting that net income improved and ended the year 2011 at $1.415 million.
According to a company news release, deposits have grown by $21 million in the past five years. Assets totaled approximately $250.6 million at year end 2011. Capital, or shareholder equity, has continued to increase, growing to over $21.9 million at year end 2011; a growth of 33 percent since 2006.
Martin Sutter, GenoaBank president, also reported financial highlights from the first quarter of 2012. Net income totaled more than $397,000, or a 6.6 percent increase from last year at this same time. Total assets ended the first quarter of 2012 at $258 million; an increase of 1.5 percent.
Shareholders received a quarterly dividend of 14 cents per share.
Oregon Clinic has been recognized as a Patient Centered Medical Home Level 2, a quality assurance standard from the National Committee for Quality Assurance. The clinic is the first practice in Ohio to be so recognized, according to a company news release.
The NCQA is a non-profit organization dedicated to improving health care quality. It accredits and certifies a wide range of health care organizations.
Oregon Clinic physicians so honored are: Venu Gopala Reddy Bommana; Riaz Chaudhary; Mahmood Darr; Kewal Mahajan and Ranvir Singh Rathore.
Drs. Matthew and Jody Freytag announced they will move their practice, Walbridge Dental, from downtown Walbridge to 3601 Ayers Road, just east of I-280, effective Thursday, May 10. The phone number is 419-836-1033. Go to walbridgedental.com
The Oregon/Northwood Rotary Club will hold its annual golf invitational Friday, June 22 at Chippewa Golf Course.
The fundraiser helps the club fund service projects such as Breakfast With Santa, Dictionaries for Third Graders, Ohio Reads tutors and the Challenger Learning Center.
Sponsors and teams are sought. Go to www.clubrunner.ca/oregon-northwood.com
The Eastern Maumee Bay Chamber of Commerce will host its annual golf classic Thursday, June 28 at Chippewa Golf Club.