JFBC Jeffersonville Bancorp

Jeffersonville Bancorp Announces Retirement of Director John W. Galligan and Appointment of Andrew J. Pavloff to Board of Directors

Jeffersonville Bancorp Announces Retirement of Director John W. Galligan and Appointment of Andrew J. Pavloff to Board of Directors

JEFFERSONVILLE, N.Y., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB – JFBC) today announced the retirement of Director John W. Galligan and the appointment of Andrew J. Pavloff to join the Board of Directors of Jeffersonville Bancorp and its wholly owned subsidiary, Jeff Bank, effective February 25, 2020. Mr. Pavloff will fill the remaining term of Mr. Galligan, which concludes at the annual meeting of Jeffersonville Bancorp in 2021.

Mr. Galligan became a director of Jeff Bank in July 1976, providing 44 years of exemplary service. Mr. Galligan served on every committee of the bank during his tenure and was the long-standing chairman of the Compliance Committee.

“On behalf of Jeff Bank and the Board of Directors, I want to thank Mr. Galligan for his dedication and support in helping the organization grow for over 4 decades,” stated George W. Kinne, Jr., President and CEO. “It has been an honor to work with John and we wish him the best in his retirement. We know he will continue to be an advocate and supporter of the bank.”

Andrew J. Pavloff is a Partner at Waschitz Pavloff CPA, LLP with offices located in Monticello and Goshen, New York. He has been a Certified Public Accountant since 1982 and has a diversified background in auditing, taxation, management advisory, and accounting for a variety of entities. Mr. Pavloff is currently a director of the Greater Hudson Valley Health Care System. Mr. Pavloff resides with his wife, Sherri, in Newburgh, NY.

“We are honored to welcome Andy to our board,” stated George W. Kinne, Jr., President and CEO. “He will provide strong business acumen, independence, and perspective on new markets, including Orange County.”

“I am very pleased to become a member of the Board of Directors of Jeff Bank,” stated Andrew J. Pavloff. “Since I became a professional accountant nearly 40 years ago, I have worked with the Bank and found it, and the people who run it, to be responsive to the people and businesses in our area. I am proud to become a part of an organization where the management and staff understand and know the needs of our community.”

Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of Jeff Bank. Jeff Bank maintains twelve full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Loch Sheldrake, Monticello, Narrowsburg, Port Jervis, White Lake and Wurtsboro.

For More Information, call:  845-482-4000

Contact:  George W. Kinne, Jr., President – CEO

EN
26/02/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Jeffersonville Bancorp

 PRESS RELEASE

Jeffersonville Bancorp Announces Fourth Quarter and Record Full Year E...

Jeffersonville Bancorp Announces Fourth Quarter and Record Full Year Earnings of $12,553,000 or $2.96 per share; Declares Dividend of $0.15 JEFFERSONVILLE, N.Y., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today net income for the year ended December 31, 2025 was $12,553,000 or $2.96 per share compared to $11,330,000 or $2.68 per share for the same period in 2024. This represents an increase of $1,223,000 or 10.8%. The increase in full-year net income was primarily attributable to an increase in loan interest and fees of $1,890,000 and a decreas...

 PRESS RELEASE

Jeffersonville Bancorp Announces Special Dividend of $0.25 per share

Jeffersonville Bancorp Announces Special Dividend of $0.25 per share JEFFERSONVILLE, N.Y., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today that a special cash dividend in the amount of twenty-five cents ($0.25) per share on the common stock of the company was declared at the January 13, 2026 meeting of the Board of Directors. The dividend is payable on February 6, 2026 to stockholders of record at the close of business on January 29, 2026. “The Company’s trend over the previous three years of higher net income due to higher loan interest inco...

 PRESS RELEASE

Jeffersonville Bancorp Announces Third Quarter Earnings of $3,293,000 ...

Jeffersonville Bancorp Announces Third Quarter Earnings of $3,293,000 or $0.78 per share and Year to Date Earnings of $9,301,000 or $2.20 per share; Declares Dividend of $0.15 JEFFERSONVILLE, N.Y., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today third quarter net income of $3,293,000 or $0.78 per share compared to $3,092,000 or $0.73 per share for the same quarter in 2024. The increase in quarterly net income compared to 2024 of $201,000 was primarily attributable to a reduction in interest expense of $554,000 and an increase of $500,000 in lo...

 PRESS RELEASE

Jeffersonville Bancorp Announces Special Dividend of $0.25 per share

Jeffersonville Bancorp Announces Special Dividend of $0.25 per share JEFFERSONVILLE, N.Y., Sept. 09, 2025 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp (OTCQB - JFBC) announced today that a special cash dividend in the amount of twenty-five cents ($0.25) per share on the common stock of the company was declared at the September 9, 2025 meeting of the Board of Directors. The dividend is payable on October 3, 2025, to stockholders of record at the close of business on September 25, 2025. “The Company is on track for another exceptional year in 2025 due to higher loan interest income and low c...

 PRESS RELEASE

Jeffersonville Bancorp Announces Second Quarter Earnings of $3,290,000...

Jeffersonville Bancorp Announces Second Quarter Earnings of $3,290,000 or $0.78 per share; Declares Dividend of $0.15 JEFFERSONVILLE, N.Y., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today second quarter net income of $3,290,000 or $0.78 per share compared to $3,031,000 or $0.72 per share for the same quarter in 2024. The increase in quarterly net income compared to 2024 of $259,000 was primarily attributable to a decrease in interest expense of $589,000, an increase in loan interest and fees of $533,000, and a decrease in non-interest expense ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch