CB Financial Services, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

CB Financial Services, Inc. (NASDAQGM: CBFV) has declared a $0.24 quarterly cash dividend per outstanding share of common stock. This dividend is payable on or about June 15, 2020, to stockholders of record as of the close of business on June 5, 2020. The company serves as the holding entity for Community Bank, which operates multiple branches across Pennsylvania and West Virginia, offering a range of retail and commercial banking services as well as insurance brokerage services through its subsidiary, Exchange Underwriters, Inc.

Positive

• Quarterly cash dividend of $0.24 enhances income for shareholders.
• Demonstrates company confidence in financial stability.

Negative

• None.

News Market Reaction – CBFV

-1.25%

-1.25% Session move

In the trading session that priced this news, CBFV declined 1.25%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WASHINGTON, Pa., May 20, 2020 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (the “Company”) (NASDAQGM: CBFV), the holding company for Community Bank, today announced that its Board of Directors has declared a $0.24 quarterly cash dividend per outstanding share of common stock, payable on or about June 15, 2020, to stockholders of record as of the close of business on June 5, 2020.

About CB Financial Services, Inc.

CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank located in Washington, Pennsylvania. Community Bank operates twenty offices in Greene, Allegheny, Washington, Fayette, and Westmoreland Counties in southwestern Pennsylvania, seven offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and one office in Belmont County in Ohio. Community Bank offers a broad array of retail and commercial lending and deposit services and provides commercial and personal insurance brokerage services through Exchange Underwriters, Inc., its wholly owned subsidiary.

For more information about CB Financial Services, Inc. and Community Bank, visit our website at www.communitybank.tv.

Contact:
Barron P. McCune, Jr.
President and Chief Executive Officer
Phone: (724) 225-2400
Fax: (724) 225-4903

FAQ

What is the dividend amount declared by CB Financial Services?

CB Financial Services has declared a quarterly cash dividend of $0.24 per share.

When is the dividend payable for CBFV?

The dividend is payable on or about June 15, 2020.

Who is eligible to receive the dividend from CBFV?

Stockholders of record as of the close of business on June 5, 2020, are eligible to receive the dividend.

What services does Community Bank offer?

Community Bank offers retail and commercial lending, deposit services, and insurance brokerage services.