Company History
Camco Financial Corporation is a bank holding company that was originally organized under Delaware law in 1970. Camco is engaged in banking services businesses in Ohio, Kentucky, and West Virginia, through its wholly owned subsidiary, Advantage Bank. In June, 2001, Camco completed a reorganization in which it combined its banking activities under one Ohio savings bank charter known as Advantage Bank. Prior to the organization, Camco operated five separate banking subsidiaries serving distinct geographic areas. In 2004 Camco completed a business combination with London Financial Corporation of London, Ohio, and its wholly-owned subsidiary, The Citizens Bank of London. At that time Advantage Bank merged into The Citizens Bank of London and changed the name of the resulting institution to Advantage Bank. Advantage Bank is now an Ohio-chartered commercial bank instead of an Ohio savings bank.
Advantage's lending activities include the origination of commercial real estate and business loans, consumer, and residential conventional fixed-rate and variable-rate mortgage loans for the acquisition, construction or refinancing of single-family homes located in its primary market areas. Advantage Bank also originates construction and permanent mortgage loans on condominiums, two- to four-family, multi-family (over fours units) and nonresidential properties. Advantage Bank continues to diversify the balance sheet through increasing commercial, commercial real estate, and consumer loan portfolios as well as checking and money market deposit accounts.
Camco Financial Corporation...
- Is a multi-state bank holding company headquartered in Cambridge, Ohio with assets exceeding $800 million
- Camco is one of Ohio's largest publicly traded holding companies trading on the NASDAQ National Market under the symbol "CAFI"
- Operates 22 offices in Ohio, Kentucky and West Virginia
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