CNB FINANCIAL CORPORATION (NASDAQ:CCNE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February13, 2018, the Board of Directors of CNB Financial Corporation (the “Corporation”) accepted the resignation, effective as of February28, 2018, of Director James B. Ryan, which resignation was tendered as required by the age restriction contained in the Corporation’s By-laws. Mr.Ryan was first elected to serve on the Boards of Directors of the Corporation and CNB Bank in 1999. During his service as a director, Mr.Ryan provided the Corporation and CNB Bank with valuable insight into the markets it serves, and he was instrumental in the Corporation’s evaluation of the Buffalo, New York market that led to the formation of BankOnBuffalo, a division of CNB Bank, in 2016.
About CNB FINANCIAL CORPORATION (NASDAQ:CCNE)
CNB Financial Corporation is a financial holding company. The Company provides a range of banking and related services through its subsidiary, CNB Bank (the Bank). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans and other employee benefit plans, as well as a range of wealth management services. The Bank offers a range of banking activities and services for individual, business, governmental and institutional customers. The Bank’s Wealth & Asset Management Services division offers a range of client services. The Bank has approximately 40 branch offices and over two loan production offices. The Company’s loan portfolio includes commercial, industrial and agricultural loans; commercial mortgages loans; residential real estate loans; consumer loans; credit cards, and overdrafts. It offers demand deposits, savings deposits and time deposits.