Iron and Glass Bancorp, Inc. was organized as the holding company of Iron and Glass Bank, a state-chartered bank and member of the Federal Reserve Bank of Cleveland. Its principal sources of revenue arise from its portfolio of commercial, commercial mortgage,residential real estate, and consumer loans, as well as interest earnings on investment securities and a variety of deposit services provided to customers through eight locations. Both Iron and Glass Bancorp and the bank itself are supervised by the Board of Governors of the Federal Reserve System, with the bank being further subject to regulation and supervision by the Pennsylvania Department of Banks.