May 24, 2016 1 min read

CARMICHAELS – CB Financial Services, Inc. and its wholly owned subsidiary Community Bank was recognized as a top 200 publicly traded community bank for the second consecutive year, according to results recently released by American Banker.

The comparison of the peer group of 684 banks nationwide measures banks as ranked by their return on average equity over three years. CB’s three year average return on equity is 9.30 percent.

According to a news release from CB Financial, Community Bank, which is headquartered in Carmichaels, was ranked at 162 this year, moving up four spots from last year’s rank of 166.

“Community Bank continues to benefit from its recent merger with First Federal Savings Bank,” said Pat McCune, president and CEO of CB Financial Services Inc. and Community Bank. “We are proud of our consistent performance and exceptional personal service.”

Community Bank operates 16 offices in Greene, Allegheny, Washington, Fayette and Westmoreland counties.