CB Financial Services, Inc.'s wholly owned subsidiary, Community Bank, entered into new employment agreements with CEO John H. Montgomery and Senior EVP Bruce Sharp on August 24, 2026. The agreements have initial terms ending April 30, 2029, with automatic one-year extensions subject to Board approval. Base salaries are set at $495,000 for Montgomery and $294,500 for Sharp. Montgomery is eligible for a cash bonus equal to 20% of his base salary and annual equity grants valued at 20% of his base salary. The Bank also renewed a Split Dollar Life Insurance Agreement with Montgomery, providing up to $500,000 in death benefits through October 1, 2030. Qualifying terminations trigger severance payments equal to the greater of the remaining contract term or 12 months' salary, plus COBRA reimbursements. Change in control provisions provide for three times annual compensation as severance. CB Financial Services operates as a bank holding company providing financial services.

CB Financial Services, Inc. reported second quarter 2026 financial results, including GAAP net income of $4.3 million and diluted earnings per share of $0.80. Total assets grew to $1.66 billion as of June 30, 2026, up from $1.55 billion at year-end 2025. The company reported organic deposit growth of $105.1 million since December 31, 2025, driven by its Specialty Treasury division. Net interest margin for the quarter was 3.68%, a decrease from 3.83% in the first quarter of 2026. The Board of Directors declared a quarterly cash dividend of $0.28 per share, payable on or about August 28, 2026, to stockholders of record as of August 14, 2026. CB Financial Services, Inc. is a bank holding company that provides retail and commercial banking services.