CARMICHAELS, Pa., Nov. 6, 2015 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. ("CB") (NASDAQ: CBFV ), the holding company of Community Bank, announced it has been admitted to the Sandler O'Neill Sm-All Stars: Class of 2015. The objective of the Sandler O'Neill Sm-All Stars is to identify the top performing small-cap banks and thrifts in the country. In doing this, Sandler O'Neill hopes to uncover the next crop of stellar mid-cap banks before they are discovered by the rest of the world. The Sm-All Stars: Class of 2015 consists of only 34 elite institutions out of 435 publicly traded banks and thrifts with a market cap below $2.5 billion. Each institution was evaluated on growth, profitability, credit quality, and capital strength. CB easily exceeded the median performance metrics in those areas and was one of three banks from Pennsylvania added to this year's list.
"We are honored to be included in the Sandler O'Neill Sm-All Stars: Class of 2015. This recognition is a tribute to our wonderful employees and the outstanding service they deliver everyday to our customers," said Barron "Pat" McCune, Jr., President and CEO.
Community Bank was established in 1901 and is well-known for meeting the financial needs of the markets it serves. CB began trading on the NASDAQ Stock Market following its merger with FedFirst Financial Corporation last fall. The merger created a 16 branch bank operating in five southwestern Pennsylvania counties. CB reported assets of $824.1 million as of September 30, 2015.
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 services through Exchange Underwriters, Inc., its wholly owned subsidiary.
For more information about CB or Community Bank, visit our website at www.communitybank.tv .
Statements contained in this news release that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 (the "Act") and such forward-looking statements are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to, changes in market interest rates, general economic conditions, changes in federal and state regulation, actions by our competitors, loan delinquency rates and our ability to control costs and expenses and other factors that may be described in the Company's periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.
Barron P. McCune, Jr. Vice Chairman, President and Chief Executive Officer Phone: (724) 225-2400 Fax: (724) 225-4903
