CB Financial Services (CBFV) Suspends Stock Repurchase Program

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Go back to CB Financial Services (CBFV) Suspends Stock Repurchase Program

CB Financial Services, Inc. Suspends Stock Repurchase Program

March 19, 2020 3:25 PM EDT

WASHINGTON, Pa., March 19, 2020 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (the Company) (NASDAQ: CBFV), the holding company for Community Bank, announced today that it has joined other banking institutions in suspending its stock repurchase program.  The program has been suspended until further notice.  To date, the Company has repurchased 69,966 shares totaling $2.0 million of the $5.0 million authorized for repurchase under the program.

Barron P. Pat McCune, Jr., President and Chief Executive Officer, said, Given the evolving economic circumstances surrounding the COVID-19 coronavirus pandemic, our Board of Directors has... More