 Cortland Bancorp CLDB, the holding company for The Cortland Savings and Banking Company, today announced that its Board of Directors authorized a share repurchase program the Program. Under the terms of the Program, the Company is authorized to repurchase up to 200,000 shares of the Companys common stock, or approximately 4.6 of its outstanding common shares. The Program is effective for calendar year 2020 and will commence on January 2, 2020. 