CB Financial Services, Inc. (“CB”) is a stock holding company established in 2006, whose wholly owned subsidiary is Community Bank, a state-chartered, stock-owned commercial bank. Community Bank was founded in 1901 as The First National Bank of Carmichaels and changed its name to Community Bank some 25 years ago. Prior to the merger described below, Community Bank operated eleven (11) branch offices in Southwestern Pennsylvania in Greene, Washington, and Allegheny Counties. Community Bank was and is a community-oriented financial institution 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. Community Bank also offers wealth management services through an affiliation with the Bishop Group of Janney, Montgomery Scott. Until the completion of the merger described below, Community Bank had grown to over $550 million in assets and CB’s common stock had traded on the OTC markets under the symbol “CBFV”.
On October 31, 2014, FedFirst Financial Corporation was merged with and into CB and FedFirst’s subsidiary, First Federal Savings Bank (“First Federal”), was merged with and into Community Bank. First Federal operated seven branch locations in Westmoreland, Fayette, and Washington Counties. Two offices of First Federal in Washington County were closed and consolidated into nearby Community Bank offices as part of the merger. Thus, following the merger, Community Bank operates 16 offices in five counties in Southwestern Pennsylvania. Also, as a result of the merger, Community Bank now owns an insurance subsidiary, Exchange Underwriters, Inc., which conducts insurance brokerage activities including life and property and casualty insurance for individuals and small businesses. Community Bank still offers wealth management services through the Bishop Group.
As a result of the merger, CB is a public reporting company in that it is required to file periodic reports with the U.S. Securities and Exchange Commission and CB’s common stock will start to trade on the NASDAQ Global Market® under the symbol “CBFV” on November 3, 2014.
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Our Code of Ethics is available for review. To report a violation of the Bank's Code of Ethics, click on the following link - www.mycompliancereport.com - or dial 1-888-845-0815, 24 hours a day, 7 days a week.
XBRL (Extensible Business Reporting Language) is a language for the electronic communication of financial and business data. XBRL is one of many languages in the XML family for displaying information on the Internet.
In 2001, the US, Europe and other countries created XBRL International to develop and maintain XBRL. XBRL U.S. was also formed for governance of U.S. financial reporting.
In 2004, the U.S. Securities and Exchange Commission (SEC) started to support the idea of U.S. public companies using XBRL for the filing of their financial statements. The SEC started the Voluntary Filing Program in February of 2005 and made XBRL filing a requirement in December of 2008.
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