An announcement from CB Financial Services ( (CBFV) ) is now available.
On February 4, 2025, Jamie L. Prah resigned as Executive Vice President and CFO of CB Financial Services, Inc. and its subsidiary Community Bank. He entered into a Separation Agreement receiving a cash payout and insurance coverage, while the company appointed Amanda Engles as interim CFO. The company also announced a workforce reduction of seven employees, incurring approximately $1 million in one-time charges, as part of strategic efforts to reduce expenses and align resources to its long-term plan, estimating annual savings of about $1.5 million.
More about CB Financial Services
YTD Price Performance: 5.19%
Average Trading Volume: 7,057
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $152.7M
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