CB Financial announces program to repurchase up to 5% of outstanding shares

CB Financial Services, the holding company for Community Bank, announced a program to repurchase up to 5% of the Company’s outstanding shares of common stock. Based on the Company’s closing stock price on July 22 the program, if fully completed, would encompass 257,095 shares, or approximately $6.0M of shares currently outstanding. Repurchases will not occur until after the Company issues its earnings release for the quarter ended June 30, which the Company expects to do during the week of July 22nd. The repurchase program will terminate on July 25, 2025, regardless of whether all shares have been purchased.