CARMICHAELS, Pa. and WHEELING, W.Va., April 12, 2018 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (NASDAQ:CBFV) and First West Virginia Bancorp, Inc. (OTCQX:FWVB) announced today that their respective stockholders overwhelmingly approved their pending merger at special stockholders’ meetings held yesterday. Over 99% of the votes cast at each meeting were cast in favor of the transaction.
“We are very grateful to our respective stockholders for their confidence in the future of our combined banks. We have every reason to believe that our expanded team will seize the future and, through outstanding personal service to our customers, provide growth for our stockholders,” said both Pat O’Brien, President of Community Bank, and Bill Petroplus, CEO of Progressive Bank.
CB and First West Virginia expect to complete the merger on or about April 30, 2018, subject to the satisfaction of certain customary closing conditions. As previously announced, all requisite regulatory approvals to complete the merger have been received.
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.
