Bank of Akron, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Bank of Akron was founded in 1900 and began as the Wickware National Bank of Akron at 38 Main Street (currently the home of Freeman’s Sport Shop) in Akron. Then, in 1919 it was renamed the Bank of Akron and changed to a State Charter. In 1927, it was relocated to the new & present location at 46 Main Street in Akron. The new bank cost $43,500 to build at that time and employed five people. Bank of Akron survived the Depression as many banks failed and closed their doors. Over the years, Bank of Akron has changed from hand-written ledger books to web pages and internet banking.

Akron
46 Main Street
Akron, NY 14001
Phone: (716) 542-5401
Toll Free: 1-877-542-5401
Fax: (716) 542-5510

Akron – Teller and Drive Up
77 Buell Street
Akron, NY 14001
Phone: (716) 542-1617
Toll Free: 1-877-542-5401
Fax: (716) 706-1044

Clarence
9865 Main Street
Clarence, NY 14031
Phone: (716) 759-9580
Toll Free: 1-877-542-5401
Fax: (716) 759-7297

Clarence Center
9470 Clarence Center Road
Clarence Center, NY 14032
Phone: (716) 741-8466
Toll Free: 1-877-542-5401
Fax: (716) 741-2298

Lancaster
3619 Walden Avenue
Lancaster, NY 14086
Phone: (716) 706-1030
Toll Free: 1-877-542-5401
Fax: (716) 706-1044