Company News

FOR IMMEDIATE RELEASE

January 28, 2010

Contact:           Ken Palmer, Chairman, President and Chief Executive Officer

                        Range Bank, N.A.

                        (906) 475-4151

Range Bank Names Terry L. Jutila Senior Vice President & Chief Credit Officer

Range Bank has named Terry L. Jutila, Senior Vice President and Chief Credit Officer.  Jutila will be responsible for Credit Administration of the Bank’s Commercial Loan portfolio and Business Development activities throughout the Upper Peninsula.  He will also be responsible for mentoring and training of Bank staff in the areas of Commercial Lending, Credit Analysis and Loan Processing.

Jutila, who joined Range Bank in 2001, has thirty years of experience as a Commercial Loan Officer and Business Banker.  A Newberry native, Jutila received a Bachelor of Science Degree in Finance from Northern Michigan University in 1981 and is a member of the Marquette Noon Kiwanis Club.

Range Bank, established in 1887 has over $243 million in assets.  In addition, the Bank manages approximately $145 million in sold commercial and mortgage loans plus business sweep accounts off-balance sheet, bringing total assets under management to over $385 million.  The Bank serves its customers through a network of thirteen offices located in Marquette, Dickinson and Houghton Counties.  A fourteenth office will be opened in the Summer of 2010, on N. Third Street in Marquette.

FOR IMMEDIATE RELEASE

January 8, 2010

Contact:           Ken Palmer, Chairman, President and Chief Executive Officer

                        Range Bank, N.A.

                        (906) 475-4151

Range Bank is pleased to announce the promotions of two staff members.

Kelli Hendrickson has been promoted to Assistant Vice President.  Kelli is Branch Manager and Loan Officer at the Bank’s Harvey Office and has been at Range Bank for 13 years.  Active in the community, she has held Board positions with the Chocolay Area Business Association and the Women’s Center of Marquette and is currently on the management team of the Special Olympics.  Kelli and her husband Jeremy reside in Marquette.

Michelle McLaughlin has been promoted to Senior Credit Analyst and named an Officer of the Bank.  A Marquette native, Michelle has a Bachelor of Science Degree in Office Administration from Northern Michigan University and has over 20 years of local banking experience.  Michelle resides in Marquette with her husband Kevin and sons Conner and Garret.  The family is a member of St. Michael Catholic Parish.

Range Bank, established in 1887 has over $242 million in assets, and serves its customers through a network of thirteen offices located in Marquette, Dickinson and Houghton Counties.  A fourteenth office will be opened in the Summer of 2010, on N. Third Street in Marquette.

FOR IMMEDIATE RELEASE

December 15, 2009

Contact:           Ken Palmer, Chairman, President and Chief Executive Officer

                        Range Financial Corporation

                        Phone: (906) 475-4151

                        Email:  kapalmer@rangebank.com

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

Range Financial Corporation has declared a quarterly dividend of $1.05 per share payable on December 15, 2009 to the shareholders of record on December 1, 2009.   This brings the total dividend payment for 2009 to $4.20 which is a yield of 3.02% based on a repurchase price of $139.00 per share.

Range Financial Corporation is the holding company that owns Range Bank which has over $247 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties.  Information on Range Bank is available at www.rangebank.com.

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE

Date: July 29, 2008

RANGE FINANCIAL CORPORATION HOLDS ANNUAL SHAREHOLDER’S MEETING AND ELECTS DIRECTORS

Range Financial Corporation held its Annual Meeting of Shareholders on May 20, 2008 in Negaunee.  Four directors were reelected for a term of three years; they were Peter W. Frazier, FRACO Inc.; Anita A. Johns, President, Holiday Travel; Allan L. Koskey, President, Koskey Funeral Home; Paul R. Symons, President, Symons Hardware, Inc.  Other directors of the Corporation include; Gerald R. Junak, Anthony N. Kroncich, Dr. Peter LaFreniere, John F. Marshall, Kenneth A. Palmer, Dr. John F. Pillote, William C. Verrette, and Karl A. Weber.

Officers of the Corporation for 2008 are Kenneth A. Palmer, President and Chief Executive Officer; R. Scott Reilly, Vice President; Roxanne M. Daust, Treasurer; John W. Lenten, Secretary and Linda M. Turri, Assistant Secretary.

Range Financial Corporation is the holding company for Range Bank, N.A.   Range Bank, chartered in 1887, has over $228 million in assets and serves Marquette, Dickinson and Houghton Counties with thirteen offices and thirteen ATM locations. 

June 16, 2008

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on June 15, 2008 to the shareholders of record on June 1, 2008.   

Range Financial Corporation is the holding company that owns Range Bank which has over $228 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties.     

RANGE BANK

RE-ELECTS DIRECTORS AND OFFICERS

Range Bank’s Board of Directors and Officers were re-elected at the Bank’s annual meeting held recently.  Directors of the Bank are: Kenneth A. Palmer, Chairman, President & CEO, Range Bank; Peter W. Frazier, President, FRACO, Inc.; Anita A. Johns, Owner, Holiday Travel & Cruise; Gerald R. Junak, Retired Chairman & President, Range Bank; Allan L. Koskey, President, Koskey Funeral Home; Anthony N. Kroncich, CPA, President, Kroncich & Associates; Janet R. Kuru, Retired CEO Range Bank – Copper Country; Peter A. LaFreniere, DDS, Dental Practice; Anthony P. Locatelli, Co-Owner, Locatelli Construction Co.; John F. Marshall, Retired President, Lake Superior & Ishpeming Railroad Co.; Dr. John F. Pillote, Retired, Marquette Radiology Associates; Bruce A. Rukkila, Owner, Bruce Rukkila, CPA PC; Paul R. Symons, President, Symons Hardware; Stephen D. Vairo, President, Calumet Electronics Corp.; William C. Verrette, Chairman & CEO, Champion, Inc.; Karl A. Weber, Partner; Plunkett & Cooney Law Firm.

Officers are Kenneth A. Palmer, Chairman, President & Chief Executive Officer; R. Scott Reilly, Executive Vice President & Chief Operating Officer; Robert W. Martin, Executive Vice President, Roxanne M. Daust, Senior Vice President & Chief Financial Officer; Charlotte L. Gaudreau, Vice President Credit Administration & Internal Audit; Sally L. Shaver, Vice President Mortgage Loans; William D. Edberg, Community President/Dickinson County; Timothy J. Baroni, Community President/Copper Country; Terry L. Jutila, Senior Vice President Commercial Loans; John W. Lenten, CPA, Vice President Commercial Loan Officer; Christopher H. DeRoche, Vice President Commercial Loans and Branch Manager; James P. Markham, Jr. Vice President Commercial Loans; Kristy M. Sibilsky, Vice President Commercial Loans; Angela M. Knauss, Vice President Mortgage Loan Officer; Kelly L. Jandron, Vice President Regional Branch Administrator; Linda M. Turri, Assistant Vice President Personnel Officer; Paula A. Rasanen, Assistant Vice President Operations Officer; Patricia S. Couvion, Training and Security Officer, and Kelli J. Hendrickson, Branch Manager and Loan Officer; Cheryl L. O’Brien, Branch Manager and Loan Officer; Peter N. Manderfield, Branch Manager and David A. Varda, Deposit Services Manager.

Range Bank was chartered in 1887, and has over $228 million in assets and serves Marquette, Dickinson and Houghton Counties with thirteen offices and thirteen ATM locations.  For additional information visit the bank’s web site at www.rangebank.com.

RANGE BANK ANNOUNCES NEW HIRES
AND PROMOTIONS
Date : January 4, 2007

Range Bank is pleased to announce that Sally L. Shaver has joined the Bank as Vice President and Mortgage Department Manager. In her new position Shaver is responsible for the Banks mortgage lending operations in Marquette, Dickinson and Houghton Counties. A Menominee native, Shaver has a Masters Degree from Northern Michigan University, and brings over 30 years of lending experience to the position. She is active in the Marquette Rotary Club and the Marquette County Habitat for Humanity. Shaver and her husband, Jim, reside in Marquette.

David A. Varda has joined the Bank as Deposit Services Manager. In his new position Varda is responsible for providing client services in the commercial deposit area including cash management options, remote deposit capture, merchant charge card services and health savings accounts. Varda is a native of Negaunee and brings over 15 years of local banking experience to the position. He is a medical first responder with the Marquette County Sheriff Department and a Ladder Captain for the Negaunee City Fire Department. Varda resides in Negaunee with his wife Kelly and two sons.

John W. Lenten has been named Vice President and Commercial Loan Officer. In his new position he is responsible for providing a wide range of business banking services to customers throughout Marquette County. Lenten is a 1982 graduate of Northern Michigan University with a Bachelors degree in accounting and is a Certified Public Accountant. He has three years of public accounting experience, and over 21 years of local banking experience. He previously held the position of Vice President, Credit Administration & Internal Audit for Range Bank. He is a member of the Negaunee Lions Club and the Negaunee Community Fund Board of Trustees. Lenten resides in Negaunee Township with his wife Kathy and their three children.

Charlotte L. Gaudreau has been named Vice President, Credit Administration & Internal Audit. Gaudreau is a native of Hurley, WI and is a graduate of Northern Michigan University with a Bachelors degree in Business Administration. She previously held the position of Vice-President & Mortgage Department Manager for Range Bank and has over twenty years of local banking experience. She is the Treasurer of the Marquette Breakfast Rotary club. Gaudreau and her husband, Brian, reside in Marquette with their two daughters.

Range Bank, established in 1887 has over $217 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. You can learn more about Range Bank by visiting their web site at www.Rangebank.com.

 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

December 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on December 15, 2007 to the shareholders of record on December 1, 2007. This brings the total dividend paid in 2007 to $4.00 per share.

Range Financial Corporation is the holding company that owns Range Bank which has over $217 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank celebrated 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

September 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on September 15, 2007 to the shareholders of record on September 1, 2007. This is the third quarterly dividend paid in 2007.

Range Financial Corporation is the holding company that owns Range Bank which has over $216 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank celebrated 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

June 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on June 15, 2007 to the shareholders of record on June 1, 2007. This is the second quarterly dividend paid in 2007.

Range Financial Corporation is the holding company that owns Range Bank which has over $212 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank celebrates 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

March 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on March 15, 2007 to the shareholders of record on March 1, 2007. This is the first quarterly dividend paid in 2007.

Range Financial Corporation is the holding company that owns Range Bank which has over $208 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank will celebrate 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

December 15, 2006

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on December 15, 2006 to the shareholders of record on December 1, 2006. This brings the total dividend paid in 2006 to $4.00 per share.

Range Financial Corporation is the holding company that owns Range Bank which has over $205 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank will celebrate 120 years of business during 2007.

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

September 15, 2006

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on September 15, 2006 to the shareholders of record on September 1, 2006. This is the third quarterly dividend paid in 2006.

Range Financial Corporation is a two-bank holding company that owns Range Bank and Range Bank-Copper Country. Range Bank, chartered in 1887, has over $147 million in assets and serves Marquette and Dickinson counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $54 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on June 15, 2006 to the shareholders of record on June 1, 2006. This is the second quarterly dividend paid in 2006.

Range Financial Corporation is a two-bank holding company that owns Range Bank and Range Bank-Copper Country. Range Bank, chartered in 1887, has over $145 million in assets and serves Marquette and Dickinson counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $55 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.

RANGE FINANCIAL CORPORATION HOLDS ANNUAL SHAREHOLDER'S MEETING AND ELECTS DIRECTORS

Range Financial Corporation held its Annual Meeting of Shareholders on May 16, 2006 in Negaunee. Four directors were reelected for a term of three years; they were Timothy J. Baroni, President of Range Bank-Copper Country; Gerald R. Junak, Chairman of the Board of Range Bank; Dr. John F. Pillote, retired, Marquette Radiology Associates; Karl A. Weber, Attorney/Partner, Plunkett & Cooney Law Firm; William C. Verrette, Chairman & Chief Executive Officer, Champion Incorporated. Other directors of the Corporation include; Peter W. Frazier, Anita A. Johns, Allan L. Koskey, Anthony N. Kroncich, Peter A. LaFreniere, John F. Marshall, Kenneth A. Palmer and Paul R. Symons.

Officers of the Corporation for 2006 are Kenneth A. Palmer, President and Chief Executive Officer; R. Scott Reilly, Vice President; Roxanne M. Daust, Treasurer; John W. Lenten, Secretary and Linda M. Turri, Assistant Secretary.

Range Financial Corporation is the holding company for Range Bank and Range Bank-Copper Country with assets of just over $200 million. Range Bank, chartered in 1887, has over $145 million in assets and serves Marquette and Dickinson Counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $55 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.