CLEARFIELD – Following the annual meetings of CNB Financial Corp. and CNB Bank on Monday, CNB Financial Corp. announced that its shareholders re-elected Class 2 directors Dennis L. Merrey, Richard L. Greslick Jr., Deborah Dick Pontzer and Nicholas N. Scott Jr., each for a three-year term expiring at the 2019 annual meeting.
In addition, Class 1 directors Francis X. Straub III and Peter C. Varischetti were elected for a one-year term expiring at the 2017 annual meeting
The following corporation directors retained their positions but were not standing for election this year: William F. Falger, Jeffrey S. Powell, James B. Ryan, Peter F. Smith, Joseph B. Bower Jr., Robert W. Montler, Joel E. Peterson and Richard B. Seager.
In addition to the election of directors, shareholders ratified the appointment of CNB Financial Corp.’s independent auditors, Crowe Horwath LLP, for the year ending Dec. 31, 2016 and approved on an advisory basis the corporation’s compensation program for its named executive officers.
Chairman Merrey conducted the meeting and welcomed the shareholders present. Merrey introduced Bower, president and chief executive officer of CNB Financial Corp. and CNB Bank, and Brian W. Wingard, treasurer of CNB Financial Corp. and chief financial officer of CNB Bank, to address the shareholders.
Wingard provided an overview of the corporation’s financial performance for the last five years and discussed the corporation’s capital position.
Bower then provided an overview of the corporation’s market areas served by its 38 full-service branches and its three loan production offices, as well as the two full-service branches that will be obtained through the acquisition of Lake National Bank in Mentor, Ohio, which was announced in December of 2015.
Bower continued by outlining the corporation’s five pillars of success – leadership in local communities, exceptional customer service, employee development, a consistent approach to growth and a solid foundation of technology.
Bower concluded his remarks by describing the corporation’s strategy to build its infrastructure to support future growth and the evolution of the corporation’s branch network to provide a more efficient and improved customer experience.
Inquiries regarding Investor Relations of CNB Financial Corp. stock (CCNE) will be answered by phoning 814-765-9621.
CNB Bank is the primary subsidiary of CNB Financial Corp. and has 21 community offices in Cambria, Clearfield, Centre, Elk, Indiana, Jefferson, and McKean counties and a loan production office in Hollidaysburg, Pennsylvania.
ERIEBANK is a division of CNB Bank and currently operates eight full service offices in Erie, Harborcreek, Meadville and Warren, Pa., and a loan production office in Ashtabula, Ohio.
FCBank is a division of CNB Bank and currently operates nine full service offices in Bucyrus, Cardington, Dublin, Fredericktown, Mt. Hope, Shiloh, Upper Arlington, and Worthington, Ohio and a loan production office in Lancaster, Ohio.
Holiday Financial Services Corp. is a subsidiary of CNB Financial Corp. and currently has offices in Bradford, Clarion, Clearfield, Dubois, Ebensburg, Erie, Hollidaysburg, Huntingdon, Indiana, Johnstown, Ridgway, and State College, Pa.
CNB Bank’s Web site is www.cnbbank.bank, ERIEBANK’s Web site is www.eriebank.bank, FCBank’s Web site is www.fcbank.bank and Holiday Financial Service Corp.’s Web site is www.holidayfinancialservices.com.
