Welcome to our dedicated page for Citizens Finl W Va news (Ticker: CIWV), a resource for investors and traders seeking the latest updates and insights on Citizens Finl W Va stock.
The CIWV news page on Stock Titan aggregates coverage related to CITZNS FINCL CORP W VA and its banking subsidiary, Citizens Bank of West Virginia. As a locally owned community bank operating in the commercial banking segment of the finance and insurance sector, Citizens Bank of West Virginia appears in news for its community initiatives, branch transactions and industry recognitions.
Recent news highlights include recognition by the Federal Home Loan Bank of Pittsburgh through its Pillars of the Community Awards. FHLBank Pittsburgh describes this as its highest organizational honor for member institutions that demonstrate outstanding commitment to community development and effective use of FHLBank’s community products. Coverage also notes Citizens Bank’s use of programs such as Home4Good for affordable housing efforts and Banking On Business to support local businesses like Siler Cycle and Automotive.
Other articles focus on branch transactions, such as the completed sale of two West Virginia branches in Buckhannon and New Martinsville from Community Bank to Citizens Bank of West Virginia. These stories describe how the transaction enables each institution to focus on its core markets and how Citizens Bank views the acquisition as an opportunity to increase its presence and expand its footprint in specific West Virginia communities.
On this page, readers can follow news about CIWV that touches on community banking activities, regional expansion, awards from industry and regional publications, and collaborations with organizations like FHLBank Pittsburgh. Investors and observers interested in community-focused commercial banks and West Virginia financial institutions may find this news feed useful for tracking developments over time.
Community Bank and Citizens Bank of West Virginia have completed the sale of two West Virginia branches, enhancing their operational focus. The locations sold are in Buckhannon and New Martinsville. Community Bank's President, John H. Montgomery, stated this transaction positions them to invest more in technology and client experiences. Citizens Bank, led by Nathaniel S. Bonnell, aims to expand its presence in West Virginia through this acquisition, strengthening its service offerings in the region.
CB Financial Services (NASDAQ: CBFV) has entered a Purchase and Assumption Agreement to sell its Buckhannon and New Martinsville branches to Citizens Bank of West Virginia (OTC: CIWV). This move aligns with the company's branch optimization strategy initiated in February 2021, allowing Community Bank to focus on core markets in Southwestern Pennsylvania. The branches hold approximately $101.9 million in deposits and $6.3 million in loans. The sale is expected to close in Q4 2021 pending regulatory approvals, resulting in a gain on sale for the company.
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