Business Description
CB Financial Services, Inc., a Pennsylvania corporation, is a bank holding
company headquartered in Carmichaels, Pennsylvania. The Company’s common
stock is traded on the Nasdaq Global Market under the symbol “CBFV.”
The Company conducts its operations primarily through its wholly owned subsidiary,
Community Bank, a Pennsylvania-chartered commercial bank.
Community Bank is a Pennsylvania-chartered commercial bank headquartered in
Carmichaels, Pennsylvania. Community Bank is a community-oriented institution
that conducts its business from its main office and 16 branches in Greene, Allegheny,
Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania by
offering residential and commercial real estate loans, commercial and industrial
loans, and consumer loans as well as a variety of deposit products for individuals
and businesses in its market area. In addition, the Bank is the sole shareholder
of Exchange Underwriters, Inc. ("Exchange Underwriters"), a wholly-owned
subsidiary which is a full-service, independent insurance agency that offers
property and casualty, commercial liability, surety and other insurance products.
The Bank was originally chartered in 1901 as The First National Bank of Carmichaels.
In 1987, we changed our name to Community Bank, National Association. In December
2006, Community Bank completed a charter conversion from a national bank to
a Pennsylvania-chartered commercial bank wholly-owned by the Company. Community
Bank is a member of the Federal Home Loan Bank (“FHLB”) System.
Our deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”).
The Company primarily originates residential real estate, commercial real estate,
construction, commercial and industrial, consumer and other loans. The following
table sets forth the composition of the Company’s loan portfolio by type
of loan at the dates indicated, excluding loans held for sale.
0.82% 
7.33 %