CNB COMMUNITY BANCORP, INC. ANNOUNCES RETURN OF CRAIG S. CONNOR AS PRESIDENT AND CEO
CNB Community Bancorp, Inc. (OTC: CNBB) has announced the appointment of Craig S. Connor as interim President and CEO, following the departure of John R. Waldron, who had served as CEO for 20 years. Connor, who previously held this position for 15 years until his retirement in 2019, is also the Chairman of the Board. The board expressed gratitude for Waldron's contributions during challenging times and reaffirmed its commitment to community service and financial performance.
- Craig S. Connor returns as interim President and CEO, bringing extensive experience.
- Leadership transition may stabilize operations after Waldron's departure.
- Departure of John R. Waldron may lead to uncertainty in leadership.
- Interim leadership could impact strategic continuity.
HILLSDALE, Mich., May 18, 2022 /PRNewswire/ -- CNB Community Bancorp, Inc. (the "Company") (OTC: CNBB), the parent company of County National Bank ("CNB"), today announced that the combined Boards of CNB and the Company have appointed Craig S. Connor as interim President and CEO, a position that Mr. Connor previously held for 15 years prior to his retirement in 2019. Mr. Connor comes back to these roles after the departure of John R. Waldron. Mr. Waldron, had been with the company for 20 years, and served as a Senior Lender and, recently, as President and CEO.
Mr. Connor, who is also Chairman of the Board for CNB and the Company, stated, "John was a large part of our growth over his time here. He was at the helm for some turbulent times in banking, and the world. We appreciate John's efforts in guiding the bank through those times and truly wish him the best as he moves forward. Furthermore, we remain committed to sustaining our deep commitment to the community and to our tradition of excellence in all aspects of banking. Finally, CNB will maintain our commitment to providing outstanding service for our customers and solid financial performance for our shareholders as our bank continues to be fortunate in having an experienced and highly capable senior management leadership team."
About CNB Community Bancorp Inc.
CNB Community Bancorp, Inc. (OTC:CNBB) is a one-bank holding company formed in 2005. Its subsidiary bank, County National Bank, is a nationally chartered full-service bank, which has served its local communities since its founding in 1934. CNB Community Bancorp, Inc. is headquartered in Hillsdale, Michigan and through its subsidiary bank offers banking products along with investment management and trust services to communities located throughout South Central Michigan.
Safe Harbor Statement
This news release and other releases and reports issued by the Company may contain "forward-looking statements." The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company is including this statement for purposes of taking advantage of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
View original content:https://www.prnewswire.com/news-releases/cnb-community-bancorp-inc-announces-return-of-craig-s-connor-as-president-and-ceo-301550391.html
SOURCE CNB Community Bancorp, Inc.
FAQ
Who has been appointed as the new CEO of CNB Community Bancorp, Inc. in May 2022?
What happened to John R. Waldron in May 2022 at CNB Community Bancorp, Inc.?
What is the stock symbol for CNB Community Bancorp, Inc.?
What is the significance of Craig S. Connor's return as CEO for investors?
When did CNB Community Bancorp, Inc. announce the leadership change?
