CB Financial Services, Inc. and Community Bank Announce Executive Appointments
May 18, 2017 at 02:00 am IST
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On May 17, 2017, Patrick G. O'Brien was promoted to President of CB Financial Services, Inc. and of its subsidiary bank, Community Bank, succeeding Barron P. McCune, Jr. in that office. Mr. McCune will continue to serve as Vice Chairman and Chief Executive Officer of both organizations. Mr. O'Brien had served as Senior Executive Vice President and Chief Operating Officer of the company and Community Bank. On May 17, 2017, Ralph Burchianti was promoted to Executive Vice President and Chief Credit Officer of Community Bank. He had previously served as Executive Vice President of Loan Administration.
CB Financial Services, Inc. is the bank holding company. The Company conducts its operations primarily through its wholly owned subsidiary, Community Bank (the Bank). The Bank offers range of residential and commercial real estate loans, commercial and industrial loans, and consumer loans and deposit products for individuals and businesses in its market area. The Company's principal lending activity has been the origination in its local market area of residential one- to four-family, commercial real estate, construction, and others. Its residential real estate loans are comprised of loans secured by one- to four-family residential properties. It provides loans to individuals to finance the construction of residential dwellings, construction of commercial properties, including hotels, and apartment buildings. Its investment portfolio includes United States Government Agency Securities, Obligations of States and Political Subdivisions, Mortgage-Backed Securities, and Corporate Debt.