CLEARFIELD – Peter F. Smith, chairperson of CNB Bank’s Board of Directors, announced the appointment of Michael Obi, president of UBIZ Venture Capital and chief executive officer of Spectrum Global Solutions, as a director.
Obi provides economic development strategies and implementation services to organizations that are focused on advancing job creation through entrepreneurship and access to capital in the Greater Cleveland area for minority-owned businesses.
“We are very pleased to welcome Mr. Obi as a board member,” Smith said. “He has extensive experience in all areas of banking: retail, commercial, operations and finance.
“Mr. Obi’s earlier career with large financial institutions will provide valuable insight and strategic context. Michael brings to CNB important links to the greater Cleveland area.
“His experience and background, combined with his innovative perspective on business will enhance the bank’s initiatives to be an industry leader.”
Obi obtained both his Bachelor of Science degree in accounting and Master’s in business administration (MBA) from the Coggins School of Business at the University of North Florida in Jacksonville, Fla.
Active in the community, he serves on the board of the United Cerebral Palsy, Cleveland Council of World Affairs, City of Cleveland’s Citywide Economic Development, Cuyahoga County’s Community Improvement Corp., and Cuyahoga County Convention Facilities Development Corp.
He is also an economic development advisor for the Urban League of Greater Cleveland. He was on the nominating committee for Leadership Cleveland Class of 2016 and past chair of the Presidents Council Business Chamber.
Obi resides in Richmond Heights, Ohio with his wife and two children.
