---
schema_version: "secwatch.filing_event.v1"
accession: "0001605301-23-000006"
form_type: "8-K"
ticker: "CBFV"
cik: "0001605301"
company_name: "CB Financial Services, Inc."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:58:19.988937+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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- Current employment agreement superseded; he remains as Chief Credit Officer until retirement at current salary.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.

## SEC filing metadata
- accession: 0001605301-23-000006
- form_type: 8-K
- ticker: CBFV
- cik: 0001605301
- company_name: CB Financial Services, Inc.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605301/000160530123000006/0001605301-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605301/000160530123000006/cbfv-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001605301-23-000006
- JSON: https://secwatch.observer/filing/0001605301-23-000006.json
- Plain text: https://secwatch.observer/filing/0001605301-23-000006.txt

## Key facts
- Executive change
  William G. Petroplus retired as director at CB Financial Services, Inc..
  - Action: retired
  - Role: director
  source text: Effective February 16, 2023 , William G. Petroplus retired as a director of CB Financial Services, Inc. (the “Company”) and its bank subsidiary, Community Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1605301/000160530123000006/0001605301-23-000006-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1605301/000160530123000006/0001605301-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.