Community Bank Completes Sale of Two West Virginia Branches to Citizens Bank of West Virginia, Inc.
December 10 2021 - 3:30PM
Business Wire
Transaction enables both banks to focus on
core markets
Community Bank, the bank subsidiary of CB Financial Services,
Inc. (NASDAQGM: CBFV), and Citizens Bank of West Virginia, Inc.,
the bank subsidiary of Citizens Financial Corp. (OTC: CIWV), are
pleased to announce the completion of the previously announced sale
by Community Bank of two West Virginia branches to Citizens Bank of
West Virginia, Inc. The two branches are located at:
- 3 S. Locust Street in Buckhannon, WV
- 425 3rd Street in New Martinsville, WV
“We are very grateful for our team members and clients in this
market and are confident Citizens Bank will maintain the meaningful
relationships we built in these communities and make this
transaction a success. From our standpoint, we will be in a strong
position to make critical investments in technology,
infrastructure, and client experience in our core markets,” said
John H. Montgomery, President and CEO of Community Bank.
“Citizens’ purchase of these branches is the perfect opportunity
for us to increase our presence in the Buckhannon market and expand
our footprint into New Martinsville. This will strengthen our
commitment to clients in the region. We are very excited to welcome
these West Virginia clients into the Citizens family,” said
Nathaniel S. Bonnell, President and Chief Executive Officer of
Citizens Bank of West Virginia, Inc.
About Community Bank
Community Bank is a Pennsylvania-chartered commercial bank.
Community Bank operates its branch network in southwestern
Pennsylvania, West Virginia, and Ohio. Community Bank offers a
broad array of retail and commercial lending and deposit services
and provides commercial and personal insurance brokerage services
through Exchange Underwriters, Inc., its wholly owned
subsidiary.
For more information about Community Bank, visit our website at
www.communitybank.tv.
About Citizens Bank of West Virginia, Inc.
Citizens Bank of West Virginia, Inc., is a West Virginia bank
with assets of $490 million headquartered in Elkins, West Virginia.
From six office locations in North Central West Virginia, the bank
provides integrated financial services including retail and
commercial banking, wealth management, and mortgage services.
Citizens Bank was recently ranked 64th in the May 2021 issue of
American Banker’s Top 200 Publicly Traded Community Banks and
Thrifts in the United States.
For more information about Citizens Bank of West Virginia, Inc.,
visit us online at www.citizenswv.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211210005499/en/
COMMUNITY BANK MEDIA CONTACT Chris Murray,
610-864-9123 cmurray@btcmarketing.com CITIZENS BANK MEDIA
CONTACT Kathy Leombruno, 304-637-2185
leombruno@citizenswv.com
CB Financial Services (NASDAQ:CBFV)
Historical Stock Chart
From Jun 2024 to Jul 2024
CB Financial Services (NASDAQ:CBFV)
Historical Stock Chart
From Jul 2023 to Jul 2024