Community Bank Completes Sale of Two West Virginia Branches to Citizens Bank of West Virginia, Inc.
Community Bank, the banking subsidiary of CB Financial Services, Inc. (NASDAQGM: CBFV), and Citizens Bank of West Virginia, Inc., the banking subsidiary of Citizens Financial Corp. (OTC: CIWV), are pleased to announce the completion of the previously announced sale by Community Bank of two West Virginia branches to Citizens Bank of West Virginia, Inc. Both branches are located at:
3 S. Locust Street in Buckhannon, West Virginia
425 3e Street in New Martinsville, WV
âWe are very grateful to our team members and our clients in this market and are confident that Citizens Bank will maintain the meaningful relationships we have built in these communities and make this transaction a success. From our perspective, we will be in a strong position to make critical investments in technology, infrastructure and customer experience in our core markets, âsaid John H. Montgomery, President and CEO of Community Bank.
âThe purchase of these branches by citizens is the perfect opportunity for us to increase our presence in the Buckhannon market and expand our presence in New Martinsville. This will strengthen our commitment to customers in the region. We are very pleased to welcome these West Virginia clients to the Citizens family, âsaid Nathaniel S. Bonnell, President and CEO of Citizens Bank of West Virginia, Inc.
About the Community Bank
Community Bank is a chartered commercial bank in Pennsylvania. Community Bank operates its branch network in southwestern Pennsylvania, West Virginia and Ohio. Community Bank offers a wide range of retail and commercial loan and deposit services and provides commercial and personal insurance brokerage services through Exchange Underwriters, Inc., its wholly owned subsidiary.
For more information about Community Bank, visit our website at www.communitybank.tv.
About the Citizens Bank of West Virginia, Inc.
Citizens Bank of West Virginia, Inc., is a West Virginia bank with assets of $ 490 million headquartered in Elkins, West Virginia. From six offices in north central West Virginia, the bank provides integrated financial services, including retail and commercial banking, wealth management and mortgage services. Citizens Bank was recently ranked 64th in the May 2021 issue of American Banker’s Top 200 Publicly Traded Community Banks and Thrifts in the United States.
For more information on Citizens Bank of West Virginia, Inc., visit us online at www.citizenswv.com.