CNB Community Bancorp, Inc. Announces Results of 2025 Issuer Tender Offer

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09/29/2025 - 01:47 PM

HILLSDALE, Mich.--(BUSINESS WIRE)-- CNB Community Bancorp, Inc. (OTCQX: CNBB) (referred to as the “Company”), the parent company of County National Bank, today announced the final results of its tender offer to purchase up to 75,000 shares of its outstanding common stock at a purchase price of $44.09 per share (the “Tender Offer”).

The Tender Offer, which expired at 5:00 p.m., Eastern Daylight Time, on September 24, 2025, had, based upon the final count by the depository, Continental Stock Transfer and Trust, 56,524 shares of common stock properly tendered and not withdrawn at a price of $44.09 per share. Consequently, the Company has accepted for purchase 56,524 shares of its common stock at a price of $44.09 per share.

The aggregate purchase price for the shares purchased in the Tender Offer is $2,492,143.16, excluding fees and expenses related to the Tender Offer. The shares accepted for purchase in the Tender Offer represent approximately 2.7% of the Company’s outstanding shares as of August 19, 2025 (two trading days prior to the commencement of the Tender Offer).

Payments for shares tendered and accepted are expected to be issued as promptly as possible after the expiration date.

Questions regarding the Tender Offer may be directed to Innisfree M&A Incorporated at (877) 750-0537 (for shareholders) and (212) 750-5833 (for banks/brokers).

About CNB Community Bancorp Inc.

CNB Community Bancorp, Inc. (OTCQX: CNBB) is a one-bank holding company formed in 2005. Its subsidiary bank, County National Bank, is a nationally chartered full-service bank, which has served its local communities since its founding in 1934. CNB Community Bancorp, Inc. is headquartered in Hillsdale, Michigan and through its subsidiary bank offers banking products along with investment management and trust services to communities located throughout southern Michigan.

Safe Harbor Statement

This news release and other releases and reports issued by the Company may contain "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and expectations including with respect to the completion of the tender offer. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. The Company is including this statement for purposes of taking advantage of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.