UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Form 8-K
______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): January 15, 2020
CB FINANCIAL SERVICES, INC.
(Exact Name of Registrant as Specified in Charter)
| Pennsylvania | 001-36706 | 51-0534721 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 100 North Market Street, Carmichaels, Pennsylvania | 15320 |
| (Address of Principal Executive Offices) | (Zip Code) |
(724) 966-5041
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Securities registered pursuant to Section 12(b) of the Act:
| Common stock, par value $0.4167 per share | CBFV | The Nasdaq Stock Market, LLC |
| (Title of each class) | (Trading symbol) | (Name of each exchange on which registered) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 15, 2020, Community Bank (the “Bank”), the bank subsidiary of CB Financial Services, Inc. (the “Company”), promoted Ralph Burchianti to the office of Senior Executive Vice President. As Senior Executive Vice President he is responsible for management of the daily operation of the Bank. He also serves as Chief Credit Officer of the Bank and retains that title and attendant management responsibilities following the promotion. He also serves as a Director of both the Company and the Bank. The information regarding Mr. Burchianti contained in the Company’s Definitive Proxy Statement for the Company’s 2019 Annual Meeting of Stockholders under the section “Items of Business to be Voted on by Stockholders – Item 1 Election of Directors” is incorporated herein by reference.
Item 8.01. Other Events.
On January 22, 2020, the Company issued a press release to disclose the event reported in Item 5.02 above. A copy of the press release is attached as an exhibit hereto and incorporated into this Item 8.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CB FINANCIAL SERVICES, INC. | ||
| Date: January 22, 2020 | By: | /s/ Barron P. McCune, Jr. |
| Barron P. McCune, Jr. | ||
| President and Chief Executive Officer | ||
EXHIBIT 99.1
Community Bank Promotes Ralph Burchianti
WASHINGTON, Pa., Jan. 22, 2020 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), announced that the Bank has promoted Ralph Burchianti to the office of Senior Executive Vice President, a newly created position and the second most senior officer position in the Bank. As Senior Executive Vice President, Mr. Burchianti is responsible for the daily operation of the Bank. He also serves as Chief Credit Officer of the Bank and retains that title and attendant management responsibilities following the promotion. He also serves as a Director of both the Company and the Bank.
Barron P. (Pat) McCune, Jr., President and Chief Executive Officer of the Bank, said “Ralph Burchianti has been a vital part of Community Bank for over 30 years. His knowledge of banking and shrewd judgment makes him eminently qualified for this position.”
About CB Financial Services, Inc.
CB Financial Services is the holding company for Community Bank, a Pennsylvania-chartered commercial bank located in Washington, Pennsylvania. Community Bank operates sixteen offices in Greene, Allegheny, Washington, Fayette, and Westmoreland Counties in southwestern Pennsylvania, seven offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and one office in Belmont County in Ohio. Community Bank offers a broad array of retail and commercial lending 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.
Contact:
Community Bank
Barron P. (Pat) McCune
President and Chief Executive Officer
(724) 223-8310
Community Bank
Andrew Corfont
Sr. Vice President - Marketing
(724) 852-7205