CB Financial Services, Inc. Announces Quarterly Cash Dividend
21 May 2015 - 5:30AM
The Board of Directors of CB Financial Services, Inc. (the
"Company") (Nasdaq:CBFV), the Carmichaels-based holding company for
Community Bank, today declared a quarterly cash dividend of $0.21
per outstanding share of common stock to be paid on or about June
19, 2015 to stockholders of record as of the close of business on
June 9, 2015.
"We are pleased that our strong earnings performance has
afforded us the ability to consistently pay a quarterly cash
dividend to stockholders," commented Barron P. McCune, Jr., the
Company's President and Chief Executive Officer. "The Board is
committed to providing meaningful return to stockholders in future
quarters."
About CB Financial Services, Inc.
CB Financial Services, Inc. is the bank holding company for
Community Bank, a Pennsylvania-chartered commercial bank. Community
Bank operates 16 offices in Greene, Allegheny, Washington, Fayette,
and Westmoreland Counties in southwestern Pennsylvania. Community
Bank offers a broad array of retail and commercial lending and
deposit services and provides commercial and personal insurance
services through Exchange Underwriters, Inc., its wholly owned
subsidiary.
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Act") that are based on current expectations,
estimates and projections about the Company and its subsidiaries
and management's beliefs and assumptions. Words such as
"anticipates," "expects," "intends," "believes," "estimates," and
variations of such words and expressions are intended to identify
forward-looking statements. The Company intends such
forward-looking statements to be covered by the safe harbor
provisions contained in the Act. The Company's ability to predict
results or the actual effect of future plans or strategies is
inherently uncertain. Factors which could have a material adverse
effect on the operations and future prospects of the Company and
its subsidiaries include, but are not limited to, changes in market
interest rates, general economic conditions, changes in federal and
state regulation, actions by our competitors, loan delinquency
rates and our ability to control costs and expenses and other
factors that may be described in the Company's periodic reports as
filed with the Securities and Exchange Commission. These risks and
uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such
statements. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information
or otherwise.
CONTACT: Barron P. "Pat" McCune, Jr.
President and Chief Executive Officer
(724) 225-2400
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