CARMICHAELS, Pa. and WHEELING, W.V., March 30, 2018 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (NASDAQ:CBFV), the Carmichaels-based holding company for Community Bank, and First West Virginia Bancorp, Inc. (OTCQX:FWVB), the Wheeling-based holding company for Progressive Bank, N.A., announced today that they have received all requisite regulatory approvals to complete their pending merger and the merger of their subsidiary banks.

CB and First West Virginia expect to complete the proposed transaction on or about April 30, 2018, subject to the satisfaction of customary closing conditions, including the receipt of stockholder approval. Each company is scheduled to hold a special stockholders’ meeting on April 11, 2018 to vote on the transaction.

About CB Financial Services, Inc.

CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates 16 offices in Greene, Allegheny, Washington, Fayette, and Westmoreland Counties in southwestern Pennsylvania. 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.

About First West Virginia Bancorp, Inc.

First West Virginia Bancorp, Inc. is the bank holding company for Progressive Bank, N.A., a national association. Progressive Bank, N.A. operates seven full-service branch offices in Ohio, Brooke, Marshall, Wetzel and Upshur Counties in West Virginia and one full-service branch office in Belmont County, Ohio. Progressive Bank, N.A. is a community bank that provides a broad range of consumer and commercial banking products and services to individuals, businesses, professionals and governments.