CNB BANK Announces Management Promotion and Appointments
July 11 2024 - 4:05PM
CNB Bank (“Bank”), the wholly-owned banking subsidiary of CNB
Financial Corporation (“Corporation”) (NASDAQ: CCNE), today
announced senior management changes as approved by the Board of
Directors at a meeting held on July 9, 2024.
Mr. Michael Noah has been promoted to Executive
Vice President and Chief Operating Officer. Mr. Noah has been with
CNB Bank since 2017 and has served as the Regional President of its
BankOnBuffalo division since 2021. In his new role as Chief
Operating Officer, Mr. Noah will be the lead officer of the Bank’s
Regional Presidents. Working with these Regional Presidents and
their leadership teams, Mr. Noah will be responsible for ensuring
the implementation of the Corporation’s loan and deposit growth
strategies, and integrating the Corporation’s revenue generation
and efficiency management activities, at the Bank’s family of
divisions including CNB Bank, BankOnBuffalo, ERIEBANK, FCBank,
Impressia Bank, and Ridge View Bank.
Mr. Martin Griffith has been appointed as Senior
Executive Vice President and Chief Revenue Officer for CNB Bank.
Mr. Griffith has been with CNB Bank since 2016, and previously held
the positions of the BankOnBuffalo division founding President, as
well as Chief Banking Officer. In this new role as Chief Revenue
Officer, Mr. Griffith will develop and implement growth and revenue
generation strategies covering the Bank’s primary sources of
interest income and fees, including Commercial Banking, Private
Banking, and Wealth and Asset Management. Commercial Banking
activities include the Bank’s current and prospective portfolio of
clients in the Commercial and Industrial, Commercial Real Estate,
and Treasury Management business segments. In addition, his
management and oversight of the Private Banking and Wealth
Management divisions will promote customer relationship expansion
in the Bank’s current customer base and markets, as well as seek to
add new clients and markets for trust and wealth management.
Mr. Richard Greslick has been appointed as
Senior Executive Vice President and Chief Administrative Officer
for CNB Bank. Mr. Greslick has been with CNB Bank since 1998, and
previously held several senior management positions including Chief
Support Officer and Chief Operating Officer. In this new role as
Chief Administrative Officer, Mr. Greslick will provide senior
leadership over the Bank’s back-office Operations and Employee
Resource functions, as well as Retail Lending. As the Chief
Administrative Officer, he will seek to achieve greater operational
efficiencies while ensuring the quality of client experiences and
required regulatory compliance over the Bank’s various support
activities. The Operations activities under his leadership will
include loan and deposit account operations and related core
application administration, payments processing including
electronic banking activities, card services, and physical
security. Retail Lending includes mortgage banking, home equity
lending, and other consumer lending activities. Employee Resources
includes human resource recruitment and retention, payroll
processing, and benefits management activities.
Michael D. Peduzzi, President and CEO of the
Corporation and Bank, stated, "We are excited to announce these
important management changes that both recognize and realign the
strengths of some of our senior leaders to both catalyze future
growth, and promote greater efficiency in the operations of our
company.
Marty Griffith has been a critical driver to
much of the commercial loan growth success of CNB Bank, especially
over recent years where he was more involved in our entire
corporate footprint. As our new Chief Revenue Officer, we look to
extend his commercial banking success to promote the revenue
generation collaboration among our key business segments. While
continuing to support further qualitative commercial loan growth
and increased top-line loan interest income across all our markets,
we look for Marty and his team to identify opportunities to realize
stronger revenue growth in our wealth and treasury management
fee-based businesses.
Rich Greslick has been a key player in the
development of the Bank’s operations platforms over the past twenty
years when the Bank experienced a period of rapid growth. As Rich
and his team have ensured that our company embraces the
modernization and expansion of our support functions, he will now
be charged with overseeing how these back-office functions, in
conjunction with our Employee Resources objectives, can be further
integrated to maximize the efficiency of the processes supporting
our continued growth and franchise expansion activities.
Michael Noah has successfully led the growth of
our BankOnBuffalo division in recent years, reflecting a
combination of highly productive commercial business development
officers, successful retail banking and funding efforts,
integration of all aspects of treasury management, and successful
cross-referral and development with the private banking and wealth
management functions. As our new Chief Operating Officer, we look
forward to benefitting from Mike’s leadership and skills in
collaborating with our other Regional Presidents to best implement
our corporate revenue generation and expense management
initiatives, to realize more consistent efficiency and increasing
profitability across all our divisions.”
About CNB Financial
Corporation
CNB Financial Corporation is a financial holding
company with consolidated assets of approximately $5.9 billion. CNB
Financial Corporation conducts business primarily through its
principal subsidiary, CNB Bank. CNB Bank is a full-service bank
engaging in a full range of banking activities and services,
including trust and wealth management services, for individual,
business, governmental, and institutional customers. CNB Bank
operations include a private banking division, three loan
production offices, one drive-up office, one mobile office, and 52
full-service offices in Pennsylvania, Ohio, New York, and Virginia.
CNB Bank, headquartered in Clearfield, Pennsylvania, with offices
in Central and North Central Pennsylvania, serves as the
multi-brand parent to various divisions. These divisions include
ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest
Pennsylvania and Northeast Ohio; FCBank, based in Worthington,
Ohio, with offices in Central Ohio; BankOnBuffalo, based in
Buffalo, New York, with offices in Western New York; Ridge View
Bank, based in Roanoke, Virginia, with offices in the Southwest
Virginia region; and Impressia Bank, a division focused on banking
opportunities for women, which operates in CNB Bank's primary
market areas. Additional information about CNB Financial
Corporation may be found at www.CNBBank.bank.
Contact: Tito L. Lima
Chief Financial Officer and Treasurer
(814) 765-9621
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