Craig L. Kauffman appointed to CB Financial board; bylaws amended for residency

CB Financial Services, Inc.

Craig L. Kauffman appointed to Board of Directors of CB Financial and Community Bank, effective Nov 20, 2025.
Kauffman served as CEO of Codorus Valley Bancorp/PeoplesBank ($2.2B assets) and led a merger with Orrstown in July 2024.
He will serve on Audit and Compliance Committees of the Company's Board.
Company amended Bylaw Section 4.17 to require directors reside within 20 miles of a Bank office.
No material transactions between Kauffman and Company exceed $120,000 since Jan 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CB Financial Services, Inc.: Amended Section 4.17 of Bylaws to change director residency requirement from within a lending territory to within 20 miles of a Community Bank office.

Change: bylaw amendment

Exact text from the filing

the Company amended Section 4.17 of its Bylaws to read in its entirety as follows (deleted language is stricken and amendatory language is italicized and bolded): "4.17 Residency Requirement. Each director of the Company must maintain his or her permanent or primary residence within a lending territory delineated in the loan and credit policies 20 miles of an office (branch or loan production office) of Community Bank, the Company's bank subsidiary."

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Source: SEC EDGAR

accession 0001605301-25-000048

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