CB Financial Services EVP and Chief Lending Officer to retire April 2024; consulting agreement signed

CB Financial Services, Inc.

Ralph Burchianti to retire as Senior EVP and Chief Lending Officer effective April 30, 2024; will continue as director.
He will serve as executive consultant from May 2024 to April 2025 at $5,000/month plus discretionary bonus.
Current employment agreement superseded; he remains as Chief Credit Officer until retirement at current salary.
If terminated without cause before April 2025, he receives base pay through that date subject to release.
Director William G. Petroplus retired effective Feb 16, 2023; board size reduced to eliminate vacancy.

item 5.02 item 9.01

Executive movements

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Departed

William G. Petroplus

director

CBFV · CB Financial Services, Inc.

Effective: 2023-02-16
Filed: February 21, 2023, 6:59 PM ET

Effective February 16, 2023 , William G. Petroplus retired as a director of CB Financial Services, Inc. (the “Company”) and its bank subsidiary, Community Bank.

Departed

Ralph Burchianti

Senior Executive Vice President and Chief Lending Officer

CBFV · CB Financial Services, Inc.

Effective: 2024-04-30
Filed: February 21, 2023, 6:59 PM ET

On February 16, 2023 , Ralph Burchianti notified the Company and Community Bank of his intention to retire as Senior Executive Vice President and Chief Lending Officer of Community Bank, effective April 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William G. Petroplus retired as director at CB Financial Services, Inc..

Action: retired
Role: director

Exact text from the filing

Effective February 16, 2023 , William G. Petroplus retired as a director of CB Financial Services, Inc. (the “Company”) and its bank subsidiary, Community Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ralph Burchianti departed as Senior Executive Vice President and Chief Lending Officer at CB Financial Services, Inc..

Action: retire
Role: Senior Executive Vice President and Chief Lending Officer

Exact text from the filing

On February 16, 2023 , Ralph Burchianti notified the Company and Community Bank of his intention to retire as Senior Executive Vice President and Chief Lending Officer of Community Bank, effective April 30, 2024.

View on SEC.gov

CB Financial Services, Inc. filing history →

Source: SEC EDGAR

accession 0001605301-23-000006

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