Montler Retires From CNB Financial Corporation Board of Directors

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation announced the retirement of Robert W. Montler after 16 years of service. Montler, who is also the CEO of Lee Industries and Keystone Process Equipment, has been instrumental in guiding CNB through significant changes in community banking. Peter Smith, Chairperson of CNB, praised Montler's business acumen and commitment. CNB Financial Corporation oversees approximately $5.2 billion in consolidated assets and operates various banking divisions across Pennsylvania, Ohio, New York, and Virginia.

Positive

• Robert W. Montler's extensive experience and leadership contributed to CNB's growth and success during his tenure.
• His diverse board experience brings a wealth of knowledge beneficial for CNB's strategic direction.

Negative

• Montler's retirement may create a gap in leadership experience and continuity for CNB, impacting future strategic decisions.

CLEARFIELD, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation and CNB Bank recently announced the retirement of Robert W. Montler following 16 years as a member on both organizations’ Board of Directors.

Recognizing Mr. Montler’s service, Peter Smith, CNB’s Chairperson, said, “Bob Montler has been a terrific Director. He brought superb business and financial skills to CNB’s Board along with detailed knowledge of CNB’s markets in Pennsylvania, Ohio, New York, and Virginia. Bob runs a thriving business of his own, but he was always generous with his time and enthusiasm for CNB. Bob enjoyed the give and take of Board discussions. He was always supportive, always a gentleman and will always be a friend of CNB.”

As the president and CEO of both Lee Industries and Keystone Process Equipment, Mr. Montler was elected to serve the CNB Financial Corporation Board of Directors in 2005. With his vast knowledge of finance and business operations, Mr. Montler has offered his expertise by serving on the Board of Directors for numerous organizations including St. Francis University Board of Trustees, where he served on the Finance Committee; Mid-State Bank Board of Directors, where he served as Chairman of the Audit and Loan Committees; Keystone Financial Bank, as Chairman of the Commercial Committee; and on the Advisory Board for M&T Bank. Mr. Montler currently serves on the UPMC Systems Board, which is based in Pittsburgh, PA. UPMC is the largest hospital system in the state as well as the largest private employer in Pennsylvania.

In addition to the above board appointments, Mr. Montler has served as a professional member in numerous organizations such as Oak Grove Partnership, Gramont, The Foundation for the Roman Catholic Diocese of Altoona-Johnstown, WIN Capital LLC, FBG Development Association, Turtle Creek Toftrees Association and Cooper’s Pond Toftrees Association.

“Serving on the boards of CNB Financial Corporation and CNB Bank have been an incredibly rewarding experience.  The change that has occurred over the last 16 years in the community banking arena has been nothing short of astounding,” said Mr. Montler.  “The commitment, dedication and professionalism of the executive management, board members, and employees make it no surprise that the growth and success of CNB Bank has been the envy of many community banks.  I am confident that they will continue the high level of performance as they expand their footprint, and they have my best wishes for every continued success.”

Mr. Montler graduated from Bishop Guilfoyle High in 1969 prior to attending Saint Francis College, where he received his B.S. in Accounting.

About CNB Financial Corporation
CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.2 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, two loan production offices, one drive-up office and 44 full-service offices in Pennsylvania, Ohio, New York and Virginia. CNB Bank’s 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; and Ridge View Bank, with a loan production office in Roanoke, Virginia. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

FAQ

What was the reason for Robert W. Montler's retirement from CNB Financial Corporation?

Robert W. Montler retired after 16 years of service on the Board of Directors, recognizing the significant changes in the banking industry and expressing confidence in CNB's future.

How long did Robert W. Montler serve on the CNB Financial Corporation Board?

Robert W. Montler served on the CNB Financial Corporation Board for 16 years, having been elected in 2005.

What impact might Montler's retirement have on CNB Financial Corporation?

Montler's retirement may lead to a potential gap in leadership experience, which could affect the strategic direction of CNB Financial Corporation going forward.