CB Financial Services, Inc. Announces Board Appointments
May 02, 2018 at 11:00 am EDT
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On April 30, 2018, CB Financial Services, Inc. (CB), the holding company for Community Bank, and First West Virginia Bancorp, Inc. (FWVB), the holding company for Progressive Bank, National Association merged in accordance with an agreement and plan of merger dated as of November 16, 2017. In accordance with the merger agreement, and effective as of the completion of the merger, CB appointed former FWVB Directors Roberta Robinson Olejasz, William G. Petroplus and Jonathan A. Bedway to CB's Board of Directors for terms expiring at CB's annual meeting of shareholders to be held in 2018, 2019, 2020, respectively.
CB Financial Services, Inc. is the bank holding company. The Company conducts its operations primarily through its wholly owned subsidiary, Community Bank (the Bank). The Bank offers range of residential and commercial real estate loans, commercial and industrial loans, and consumer loans and deposit products for individuals and businesses in its market area. The Company's principal lending activity has been the origination in its local market area of residential one- to four-family, commercial real estate, construction, and others. Its residential real estate loans are comprised of loans secured by one- to four-family residential properties. It provides loans to individuals to finance the construction of residential dwellings, construction of commercial properties, including hotels, and apartment buildings. Its investment portfolio includes United States Government Agency Securities, Obligations of States and Political Subdivisions, Mortgage-Backed Securities, and Corporate Debt.
CB FINANCIAL SERVICES, INC. 
