The Boards of Directors of Cortland Bancorp and The Cortland Savings and Banking Company, at a meeting on October 22, 2019, appointed Hicham Chahine to the respective Boards of Directors effective November 1, 2019. In accordance with the provisions of the company’s Code of Regulations, the Board of Directors increased the authorized number of Directors of the company from 11 to the authorized number of 12 and elected Hicham Chahine to serve as an independent Director of the company in the newly created directorship resulting from the increase in the authorized number of directors, to serve until the annual election of directors at the company’s annual shareholder meeting in 2021, subject to his earlier death, disqualification, resignation or removal. Mr. Chahine is a retired principal with Crowe LLP, a national accounting, consulting and technology firm previously known as Crowe Horwath until May 9, 2018. Mr. Chahine has extensive experience and background in information systems and network security in the financial services industry.