About CNB Financial Corporation
CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.8 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, two loan production offices, one drive-up office, one mobile office, and 51 full-service offices in Pennsylvania, Ohio, New York, and Virginia.
CNB Bank’s divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Worthington, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank’s primary market areas. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.
1865
February
CNB Bank Founded
The County National Bank of Clearfield was founded by a group of citizens from Clearfield on February 5, 1865. The law authorizing the organization of national banks was passed during President Lincoln’s administration and had been in effect for less than two years.
1933
March
Bank Holiday
Years later, in March of 1933, President Roosevelt declared a “Bank Holiday,” closing all national banks. Those banks in poor financial condition never reopened.
1934
February
The County National Bank at Clearfield
County National, however, reorganized in February of 1934 by virtue of a stock offering to existing depositors. The bank was renamed “The County National Bank at Clearfield,” and was capitalized with $225,000 of preferred capital stock, $225,000 in common stock and $90,000 in surplus. Also, County National Bank formed a Trust Department to serve customers’ trust and estate needs. To simplify growth into additional market areas, the name was changed to “County National Bank” in 1965.
1934
February
The County National Bank at Clearfield
County National, however, reorganized in February of 1934 by virtue of a stock offering to existing depositors. The bank was renamed “The County National Bank at Clearfield,” and was capitalized with $225,000 of preferred capital stock, $225,000 in common stock and $90,000 in surplus. Also, County National Bank formed a Trust Department to serve customers’ trust and estate needs. To simplify growth into additional market areas, the name was changed to “County National Bank” in 1965.
2005
October
ERIEBANK formed
In October, 2005, a new bank named ERIEBANK was formed in Erie, Pennsylvania. Operating as a division of County National Bank, the new organization opened a Loan Production Office at 1001 State Street in downtown Erie.
2005
November
Holiday Financial Services acquired
On November 7, 2005, CNB Financial Corporation purchased the performing loans of Holiday Consumer Discount Company and formed the Holiday Financial Services Corporation, a wholly owned subsidiary of CNB Financial Corporation. The corporation offers its customers both secured and unsecured consumer loans, sales finance products and associated credit insurance products.
2006
December
CNB Bank
County National Bank converted from a national banking charter to a state banking charter on December 29, 2006, officially changing its name to CNB Bank.
2013
October
Farmers Citizens Bank acquired
On October 11, 2013, CNB Financial Corporation acquired the eight branch bank, Farmers Citizens Bank, which was headquartered just north of Columbus in Bucyrus, Ohio. Following the acquisition, FCBank, a division of CNB Bank was formed.
2015
July
Lake National Bank merger complete
In July, 2015, CNB Bank completed a merger with Lake National Bank, a national bank in Mentor, Ohio with two branches. Offices of Lake National Bank now operate under the trade name, ERIEBANK, a division of CNB Bank. In November 2021, ground was broken for the first ERIEBANK branch in the Cleveland, OH area.
2016
November
BankOnBuffalo, was formed in Buffalo, New York
In November 2016, a new bank, BankOnBuffalo, was formed in Buffalo, New York. Operating as a division of CNB Bank, the new organization opened its first full service location inside Buffalo’s historic Electric Tower. In July 2020, Bank of Akron was acquired by CNB Financial Corporation and now operates under the trade name BankOnBuffalo, a division of CNB Bank.
2021
July
Moving south with a new division
Ridge View Bank, a new division of CNB Bank, entered the Roanoke, VA market in July, 2021. Ridge View Bank currently has loan production offices in downtown Roanoke and Smith Mountain Lake. The headquarters will be in Roanoke, with a full-service branch in Salem that opened in February 2023.
2023
May
Impressia Bank launches
Impressia Bank, the newest division of CNB Bank, launched May, 16 2023. A bank designed for women by women, Impressia Bank will be a full-service banking institution dedicated to the professional and financial development and advancement of women business owners and women leaders.
Equal Housing Lender