Indian Village Bancorp Inc – PRESS RELEASE (October 17th, 2003)EXHIBIT 99.1 PRESS RELEASE INDIAN VILLAGE BANCORP, INC. ANNOUNCES EARNINGS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 Gnadenhutten, Ohio, October 17, 2003 - Indian Village Bancorp, Inc. (OTC Bulletin Board: IDVB), the holding company for Indian Village Community Bank, today reported results for the three months ended September 30, 2003. Net income for the three months ended September 30, 2003 totaled $122,000 compared to $134,000 for the same period in 2002, a decrease of $12,000, or 9.0%. Basic earnings per share were $0.34 and $0.36 for the three months ended September 30, 2003 and September 30, 2002, respectively. Diluted earnings per share were $0.33 and $0.36 for the three months ended September 30, 2003 and September 30, 2002, respectively. Net interest income after the provision for loan losses for the three months ended September 30, 2
Indian Village Bancorp Inc – PRESS RELEASE (August 14th, 2003)EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: MARTY R. LINDON President and Chief Executive Officer Tel: (740) 254-4313 INDIAN VILLAGE BANCORP, INC. ANNOUNCES DATE OF ANNUAL MEETING Gnadenhutten, Ohio -- August 14, 2003. Indian Village Bancorp, Inc. (OTCBB:IDVB) announced today that the Corporation's annual meeting of shareholders will be held on Wednesday, November 5, 2003 at the New Philadelphia branch office at 635 West High Avenue, New Philadelphia, Ohio, at 1:00 p.m. local time. Stockholders of record as of the close of business on September 12, 2003 will be entitled to notice of and to vote at the annual meeting. Indian Village Bancorp, Inc. is the holding company for Indian Village Community Bank, a state chartered savings bank, which operates from its main office in Gnadenhutten, Ohio and a branch office in New Philadelphia, Oh
Indian Village Bancorp Inc – PRESS RELEASE (August 14th, 2003)EXHIBIT 99.2 PRESS RELEASE INDIAN VILLAGE BANCORP, INC. ANNOUNCES EARNINGS FOR THE THREE MONTHS AND YEAR ENDED JUNE 30, 2003 Gnadenhutten, Ohio, August 14, 2003 - Indian Village Bancorp, Inc. (OTC Bulletin Board: IDVB), the holding company for Indian Village Community Bank, today reported results for the three months and year ended June 30, 2003. Net income for the three months ended June 30, 2003 totaled $103,000 compared to a net loss of $115,000 for the same period in 2002, an increase of $218,000, or 189.6%. Net income was $388,000 for the year ended June 30, 2003 compared to $232,000 for the year ended June 30, 2002, an increase of $156,000, or 67.2%. Basic and diluted earnings (loss) per share were $.28 and ($0.32) for the three months ended June 30, 2003 and June 30, 2002, respectively. Basic earnings per share were $1.05 and $0.63 for the twelve months ended June 30, 2003 and
Indian Village Bancorp Inc – NEWS RELEASE (July 15th, 2003)EXHIBIT 99.1 NEWS RELEASE For Immediate Release: Contact: Andy Beindorf, President & CEO Telephone: (772) 563-2329 Indian River Banking Company posts 2nd quarter Earnings Indian River Banking Company announced the financial results for the second quarter ending June 30, 2003. The company earned $1.20 million after taxes in the second quarter of 2003, compared to $1.39 million during the same period in 2002. Results in the second quarter of 2003 were negatively impacted by a 19% increase in noninterest expenses as compared to the second quarter of 2002. This increase is primarily attributable to the costs associated with opening the Company's newest branch facility in February, 2003. The new branch in Melbourne, Florida had grown to $30.7 million in deposits at June 30, 2003. In addition net interest income was down 4% from the
Indian Village Bancorp Inc – Press Release (May 6th, 2003)EXHIBIT 99.1 Press Release INDIAN VILLAGE BANCORP, INC. ANNOUNCES EARNINGS FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2003 Gnadenhutten, Ohio, May 2, 2003 - Indian Village Bancorp, Inc. (OTC Bulletin Board: IDVB), the holding company for Indian Village Community Bank, today reported results for the three and nine months ended March 31, 2003. Net income for the three months ended March 31, 2003 totaled $80,000 compared to $130,000 for the same period in 2002, a decrease of $50,000, or 38.5%. Net income for the nine months ended March 31, 2003 was $285,000 compared to $347,000 for the nine months ended March 31, 2002, a decrease of $62,000, or 17.9%. Basic earnings per share were $0.22 and $0.36 for the three months ended March 31, 2003 and March 31, 2002, respectively. Diluted earnings per share were $0.21 and $0.35 for the three months ended Ma
Indian Village Bancorp Inc – TRUST AGREEMENT (February 3rd, 2003)1 AMERICAN PENSION BENEFITS, INC. DEFINED CONTRIBUTION PROTOTYPE PLAN AND TRUST AGREEMENT 2 TABLE OF CONTENTS ALPHABETICAL LISTING OF DEFINITIONS............................................v ARTICLE I, DEFINITIONS 1.01 Employer....................................................... 1.01 1.02 Trustee.........................................................1.01 1.03 Plan............................................................1.01 1.04 Adoption Agreement..............................................1.01 1.05 Plan Administrator..............................................1.02 1.06 Advisory Committee..............................................1.02 1.07 Employee........................................................1.02 1.08 Self-Employed Individu
Indian Village Bancorp Inc – PRESS RELEASE (August 22nd, 2002)EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: Marty R. Lindon President and Chief Executive Officer Tel: (740) 254-4313 INDIAN VILLAGE BANCORP, INC. ---------------------------- ANNOUNCES DATE OF ANNUAL MEETING -------------------------------- Gnadenhutten, Ohio -- August 22, 2002. Indian Village Bancorp, Inc. (OTCBB:IDVB) announced today that the Corporation's annual meeting of shareholders will be held on Wednesday, November 6, 2002 at the New Philadelphia branch office at 635 West High Avenue, New Philadelphia, Ohio, at 1:00 p.m. local time. Stockholders of record as of the close of business on September 13, 2002 will be entitled to notice of and to vote at the annual meeting. Indian Village Bancorp, Inc. is the holding company for Indian Village Community Bank , a state chartered
Indian Village Bancorp Inc – PRESS RELEASE (August 24th, 2001)1 EXHIBIT 99.1 PRESS RELEASE 2 PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: MARTY R. LINDON President and Chief Executive Officer Tel: (740) 254-4313 INDIAN VILLAGE BANCORP, INC. ---------------------------- ANNOUNCES DATE OF ANNUAL MEETING -------------------------------- Gnadenhutten, Ohio-- August 24, 2001. Indian Village Bancorp, Inc. (OTCBB: IDVB) announced today that the Corporation's annual meeting of shareholders will be held on Wednesday, November 7, 2001. Indian Village Bancorp, Inc. is the holding company for Indian Village Community Bank a state chartered savings bank, which operates from its main office in Gnadenhutten, Ohio and a branch office in New Philadelphia, Ohio.
Indian Village Bancorp Inc – PRESS RELEASE (January 27th, 2000)1 Exhibit 99.1 Press Release 2 PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: Marty R. Lindon President and Chief Executive Officer Tel: (740) 254-4313 INDIAN VILLAGE BANCORP, INC. ---------------------------- ANNOUNCES DATE OF ANNUAL MEETING -------------------------------- Gnadenhutten, Ohio -- January 24, 2000. Indian Village Bancorp, Inc. (OTCBB:IDVB), the holding company for Indian Village Community Bank, announced today that the Corporation's annual meeting of shareholders will be held on Wednesday, May 3, 2000 at the New Philadelphia branch office at 635 West High Avenue, New Philadelphia, Ohio, at 1:00 p.m. local time. Stockholders of record as of the close of business on March 13, 2000 will be entitled to notice of and to vote at the annual meeting.
Indian Village Bancorp Inc – LOAN AGREEMENT (November 15th, 1999)1 EXHIBIT 10.2 LOAN AGREEMENT -------------- THIS LOAN AGREEMENT ("Loan Agreement") is made and entered in as of the 1st day of July, 1999, by and between the INDIAN VILLAGE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST ("Borrower"), a trust forming part of the Indian Village Community Bank Employee Stock Ownership Plan ("ESOP"); and INDIAN VILLAGE BANCORP, INC. ("Lender"), a corporation organized and existing under the laws of the State of Pennsylvania. W I T N E S S E T H WHEREAS, the Borrower is authorized to purchase shares of common stock of Indian Village Bancorp, Inc. ("Common Stock"), either directly from Indian Village Bancorp, Inc. or in open market purchases in an amount not to exceed 35,637 shares of Common Stock. WHEREAS, the Borrower is authorized to borrow funds from the Lender for the purpose of financing authori
Indian Village Bancorp Inc – EMPLOYEE SEVERANCE COMPENSATION PLAN (November 15th, 1999)1 EXHIBIT 10.5 INDIAN VILLAGE COMMUNITY BANK EMPLOYEE SEVERANCE COMPENSATION PLAN PLAN PURPOSE The purpose of this Indian Village Community Bank Employee Severance Compensation Plan is to assure the services of employees of the Bank in the event of a Change in Control. The benefits contemplated by the Plan recognize the value to the Bank of the services and contributions of the employees of the Bank and the effect upon the Bank resulting from the uncertainties of continued employment, reduced employee benefits, management changes and relocations that may arise in the event of a Change in Control. The Board believes that the Plan will also aid the Bank in attracting and retaining the highly qualified individuals who are essential to its success and that the Plan's assurance of fair treatment of the Bank's employees will reduce the distractions and other adver
Indian Village Bancorp Inc – EMPLOYMENT AGREEMENT (November 15th, 1999)1 EXHIBIT 10.3 EMPLOYMENT AGREEMENT THIS AGREEMENT is made effective as of July 1, 1999, by and between INDIAN VILLAGE COMMUNITY BANK (the "BANK"), INDIAN VILLAGE BANCORP, INC. (the "COMPANY"), a Pennsylvania corporation; and Marty R. Lindon ("EXECUTIVE"). WHEREAS, EXECUTIVE serves in a position of substantial responsibility; WHEREAS, the BANK wishes to assure itself of the services of EXECUTIVE for the period provided in this Agreement; and WHEREAS, EXECUTIVE is willing to serve in the employ of the BANK on a full-time basis for said period. NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows: 1. POSITION AND RESPONSIBILITIES. During the period of his employment hereunder, EXECUTIVE agrees to serve as President and Chief Executive Officer of the Bank. EXECUTI
Indian Village Bancorp Inc – EMPLOYMENT AGREEMENT (November 15th, 1999)1 EXHIBIT 10.4 EMPLOYMENT AGREEMENT THIS AGREEMENT is made effective as of July 1, 1999, by and between INDIAN VILLAGE COMMUNITY BANK (the "BANK"), INDIAN VILLAGE BANCORP, INC. (the "COMPANY"), a Pennsylvania corporation; and Lori S. Frantz ("EXECUTIVE"). WHEREAS, EXECUTIVE serves in a position of substantial responsibility; WHEREAS, the BANK wishes to assure itself of the services of EXECUTIVE for the period provided in this Agreement; and WHEREAS, EXECUTIVE is willing to serve in the employ of the BANK on a full-time basis for said period. NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows: 1. POSITION AND RESPONSIBILITIES. During the period of her employment hereunder, EXECUTIVE agrees to serve as Vice President, Treasurer and Chief Financial Officer of th
Indian Village Bancorp Inc – FORM OF PROMISSORY NOTE (March 18th, 1999)FORM OF PROMISSORY NOTE ----------------------- ____________________ ____ ____, 1999 PRINCIPAL FOR VALUE RECEIVED, the undersigned, the INDIAN VILLAGE COMMUNITY BANK EMPLOYED STOCK OWNERSHIP PLAN TRUST ("Borrower"), hereby promises to pay to the order of INDIAN VILLAGE BANCORP, INC. ("Lender") ______________________________ ($___________) payable in accordance with the Loan Agreement made and entered into between the Borrower and the Lender of even date herewith ("Loan Agreement") pursuant to which this Promissory Note is issued. The Principal Amount of this Promissory Note shall be payable in accordance with the schedule attached hereto ("Schedule I"). This Promissory Note shall bear interest at the rate per annum set for or established under the Loan Agreement, such interest to be payable in accordance with Schedule I. Anything herein to the contrary n
Indian Village Bancorp Inc – FORM OF EMPLOYMENT AGREEMENT (March 18th, 1999)EXHIBIT 10.3 FORM OF EMPLOYMENT AGREEMENT FOR SENIOR OFFICERS THIS AGREEMENT is made effective as of ________________, 1999, by and between INDIAN VILLAGE COMMUNITY BANK (the "BANK"), INDIAN VILLAGE BANCORP, INC. (the "COMPANY"), an Ohio corporation; and _____________________ ("EXECUTIVE"). WHEREAS, EXECUTIVE serves in a position of substantial responsibility; WHEREAS, the BANK wishes to assure itself of the services of EXECUTIVE for the period provided in this Agreement; and WHEREAS, EXECUTIVE is willing to serve in the employ of the BANK on a full- time basis for said period. NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows: 1. POSITION AND RESPONSIBILITIES. During the period of his employment here
Indian Village Bancorp Inc – FORM OF PLEDGE AGREEMENT (March 18th, 1999)FORM OF PLEDGE AGREEMENT ------------------------ THIS PLEDGE AGREEMENT ("Pledge Agreement") is made as of the ___ day of __________, 1999, by and between the INDIAN VILLAGE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST ("Pledgor"), and INDIAN VILLAGE BANCORP, INC., a corporation organized and existing under the laws of the State of Ohio ("Pledgee"). W I T N E S S E T H WHEREAS, this Pledge Agreement is being executed and delivered to the Pledgee pursuant to the terms of a Loan Agreement ("Loan Agreement"), by and between the Pledgor and the Pledgee; NOW, THEREFORE, in consideration of the mutual agreements contained herein and in the Loan Agreement, the parties hereto do hereby covenant and agree as follows: Section 1. Definitions. The following definitions shall apply for ----------- purposes of this Ple
Indian Village Bancorp Inc – FORM OF LOAN AGREEMENT (March 18th, 1999)EXHIBIT 10.2 FORM OF LOAN AGREEMENT ---------------------- THIS LOAN AGREEMENT ("Loan Agreement") is made and entered in as of the ___ day of ________, 1999, by and between the INDIAN VILLAGE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST ("Borrower"), a trust forming part of the Indian Village Community Bank Employee Stock Ownership Plan ("ESOP"); and INDIAN VILLAGE BANCORP, INC. ("Lender"), a corporation organized and existing under the laws of the State of Ohio. W I T N E S S T H WHEREAS, the Borrower is authorized to purchase shares of common stock of Indian Village Bancorp, Inc. ("Common Stock"), either directly from Indian Village Bancorp, Inc., or in open market purchases in an amount not to exceed _______ shares of Common Stock. WHEREAS, the Borrower is authorized to borrow funds from the Le
Indian Village Bancorp Inc – EMPLOYEE SEVERANCE COMPENSATION PLAN (March 18th, 1999)EXHIBIT 10.4 FORM OF INDIAN VILLAGE COMMUNITY BANK EMPLOYEE SEVERANCE COMPENSATION PLAN PLAN PURPOSE The purpose of this Indian Village Community Bank Employee Severance Compensation Plan is to assure the services of employees of the Bank in the event of a Change in Control. The benefits contemplated by the Plan recognize the value to the Bank of the services and contributions of the employees of the Bank and the effect upon the Bank resulting from the uncertainties of continued employment, reduced employee benefits, management changes and relocations that may arise in the event of a Change in Control. The Board believes that the Plan will also aid the Bank in attracting and retaining the highly qualified individuals who are essential to its success and that the Plan's assurance of fair treatment of the Bank's employees will reduce
