The estimated Net Worth of Timothy K Woofter is at least $1.18 million dollars as of 9 September 2021. Mr. Woofter owns over 54 units of Cortland Bancorp stock worth over $383,060 and over the last 22 years he sold CLDB stock worth over $759,633. In addition, he makes $35,779 as Independent Chairman of the Board at Cortland Bancorp.
Timothy has made over 89 trades of the Cortland Bancorp stock since 2011, according to the Form 4 filled with the SEC. Most recently he bought 54 units of CLDB stock worth $1,500 on 9 September 2021.
The largest trade he's ever made was selling 41,436 units of Cortland Bancorp stock on 10 November 2016 worth over $642,258. On average, Timothy trades about 645 units every 37 days since 2003. As of 9 September 2021 he still owns at least 13,141 units of Cortland Bancorp stock.
You can see the complete history of Mr. Woofter stock trades at the bottom of the page.
Timothy K. Woofter serves as Independent Chairman of the Board of the Company. Mr. Woofter is President, CEO, and Director of Stanwade Metal Products, a manufacturer of tanks and distributor of oil equipment, and Lucky Oil Equipment, a distributor of oil equipment. He is Partner in the Woofter Family Limited Partnership; Owner, Jester Investments, a residential and commercial property rental company; Part owner and Vice President of Northern Ventures, a real estate rental company; Manager of Hartford Land LLC, a Real Estate Holding Company; and Director of the Trade Association, Steel Tank Institute. Mr. Woofter has managed and owned a business that manufactures steel storage tanks and distributes oil-handling equipment for over 40 years. He has owned and managed real estate, both residential and commercial, for over 30 years and is familiar with properties of these types and their values. The Corporate Governance Committee and the Board believe that the experiences, qualifications, attributes and skills that Mr. Woofter has developed through his business and leadership experiences allow him to provide business and leadership insight to the Board.
As the Independent Chairman of the Board of Cortland Bancorp, the total compensation of Timothy Woofter at Cortland Bancorp is $35,779. There are 4 executives at Cortland Bancorp getting paid more, with James Gasior having the highest compensation of $682,813.
Timothy Woofter is 69, he's been the Independent Chairman of the Board of Cortland Bancorp since 2010. There are 2 older and 8 younger executives at Cortland Bancorp. The oldest executive at Cortland Bancorp is Thomas Perciak, 72, who is the Independent Director.
Timothy's mailing address filed with the SEC is 194 WEST MAIN ST., , CORTLAND, OH, 44410.
Over the last 22 years, insiders at Cortland Bancorp have traded over $889,526 worth of Cortland Bancorp stock and bought 151,231 units worth $2,251,548 . The most active insiders traders include Timothy K Woofter, Timothy Carney et Richard B Thompson. On average, Cortland Bancorp executives and independent directors trade stock every 5 days with the average trade being worth of $8,570. The most recent stock trade was executed by Timothy K Woofter on 9 September 2021, trading 54 units of CLDB stock currently worth $1,500.
Cortland Bancorp is a financial holding company headquartered in Cortland, Ohio. Founded in 1892, the bank subsidiary, The Cortland Savings and Banking Company conducts business through 14 full-service community banking offices located in the counties of Trumbull, Mahoning, Portage, Ashtabula, Summit, and Cuyahoga in Northeastern Ohio and a financial service center in Fairlawn, Ohio.
Cortland Bancorp executives and other stock owners filed with the SEC include: