CB Financial Services CFO resigns, company reduces workforce by 5%, expects $1.0M charges

CB Financial Services, Inc.

CFO Jamie L. Prah resigned effective February 14, 2025; receives gross severance of $558,413.75 and full vesting of 2,260 restricted shares.
Amanda Engles appointed interim CFO; she joined Community Bank in 2023 and was previously CFO of Emclaire Financial Corp.
Workforce reduced by seven employees (approx. 5%); one-time pre-tax charges estimated at $1.0 million in Q1 2025.
Operational changes expected to yield annual pre-tax cost savings of approximately $1.5 million.
Prah also receives $400,000 life insurance coverage until May 1, 2027 and a $34,365.51 bonus for 2024.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jamie L. Prah

Executive Vice President and Chief Financial Officer

CBFV · CB Financial Services, Inc.

Effective: 2025-02-04
Successor: Amanda Engles
Filed: February 5, 2025, 6:59 PM ET

On February 4, 2025 , Jamie L. Prah voluntarily resigned as Executive Vice President and Chief Financial Officer of CB Financial Services, Inc. (the “Company”) and its subsidiary bank, Community Bank (the “Bank”).

Appointed (interim)

Amanda Engles

Chief Financial Officer

CBFV · CB Financial Services, Inc.

Effective: 2025-02-04
Filed: February 5, 2025, 6:59 PM ET

On February 4, 2025 , the Company and the Bank appointed Amanda Engles to serve as Chief Financial Officer on an interim basis.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jamie L. Prah resigned as Executive Vice President and Chief Financial Officer at CB Financial Services, Inc..

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On February 4, 2025 , Jamie L. Prah voluntarily resigned as Executive Vice President and Chief Financial Officer of CB Financial Services, Inc. (the “Company”) and its subsidiary bank, Community Bank (the “Bank”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amanda Engles was appointed as Chief Financial Officer at CB Financial Services, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On February 4, 2025 , the Company and the Bank appointed Amanda Engles to serve as Chief Financial Officer on an interim basis.

View on SEC.gov

CB Financial Services, Inc. filing history →

Source: SEC EDGAR

accession 0001605301-25-000005

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