Executive Leadership Transition Strengthens Financial Stewardship at CB Financial Services
CB Financial Services, Inc., widely known as CB and publicly traded on the NASDAQ Global Market under the ticker CBFV, has announced a significant leadership advancement that underscores its commitment to strong financial governance and long-term strategic growth, confirming that Amanda L. Engles has been promoted to the role of Executive Vice President and Chief Financial Officer of the Company, effective January 21, 2026, a decision that reflects both continuity and confidence following her successful tenure as Interim Chief Financial Officer and her concurrent role as Senior Vice President and Chief Financial Officer of Community Bank, the Company’s primary banking subsidiary,
positions she assumed in February 2025 after joining the organization in March 2023 as Senior Vice President and Director of Accounting, where she quickly established herself as a trusted leader with deep technical expertise, strategic insight, and an ability to navigate complex financial environments while supporting the broader operational and growth objectives of the institution.
Promotion Reflects Proven Performance and Strategic Alignment
The elevation of Amanda L. Engles to Executive Vice President and Chief Financial Officer represents a deliberate and strategic move by CB Financial Services’ leadership and Board, recognizing her demonstrated effectiveness during a period of transition and ongoing transformation for the Company, as her leadership over the past year in an interim capacity provided stability, clarity, and disciplined financial management at a time when regulatory scrutiny, interest rate volatility, and evolving market dynamics demanded a steady and experienced hand,
and her promotion signals not only recognition of past performance but also a forward-looking endorsement of her ability to guide the Company’s financial strategy, capital planning, and risk management initiatives as CB Financial Services continues to position itself for sustainable growth and shareholder value creation.
CEO Endorsement Highlights Confidence and Vision
John H. Montgomery, President and Chief Executive Officer of CB Financial Services, emphasized the significance of the appointment by highlighting Ms. Engles’ expertise, leadership style, and strategic mindset, noting that her deep knowledge of finance and her performance in the Chief Financial Officer role over the past year have been outstanding, and that her strategic vision and unwavering commitment to the organization make the promotion a natural progression, reinforcing management’s confidence in her ability to guide the Company’s financial future while aligning fiscal discipline with the broader mission of Community Bank to serve its customers, communities, and stakeholders with integrity, responsiveness, and long-term focus.
Continuity and Stability Across the Holding Company and Bank
One of the defining strengths of Ms. Engles’ promotion lies in the continuity it provides across both the holding company and Community Bank, as her experience operating simultaneously at the bank and holding company levels has afforded her a holistic understanding of the organization’s financial structure, regulatory obligations, and operational priorities, enabling seamless coordination between enterprise-level financial strategy and day-to-day banking operations, a perspective that is particularly valuable in an industry where alignment between subsidiary performance and holding company oversight is critical to maintaining regulatory compliance, optimizing capital deployment, and supporting strategic initiatives such as balance sheet management, credit quality oversight, and technology investment.
Extensive Banking Sector Experience Spanning More Than Two Decades
Amanda L. Engles brings more than 22 years of financial leadership experience within the banking sector to her expanded role, a depth of experience that has been built through progressive responsibility, hands-on operational involvement, and senior executive leadership across multiple economic cycles, regulatory environments, and strategic phases, equipping her with a nuanced understanding of the challenges and opportunities facing community and regional banking institutions in today’s rapidly evolving financial landscape, where margin pressures, digital transformation, and heightened expectations from regulators and investors alike require CFOs to be both technically proficient and strategically agile.
Prior Leadership at Emclaire Financial Corp and Farmers National Bank
Before joining Community Bank, Ms. Engles served as Senior Vice President and Chief Financial Officer of Emclaire Financial Corp and The Farmers National Bank of Emlenton from 2017 to 2023, where she played a central role in overseeing financial reporting, budgeting, asset-liability management, regulatory reporting, and strategic financial planning, contributing to the organization’s stability and growth while navigating industry headwinds, and her leadership during this period further strengthened her reputation as a disciplined, detail-oriented executive capable of balancing prudent risk management with growth-oriented financial strategies that support long-term institutional resilience.
Progressive Career Growth Demonstrates Depth and Versatility
Ms. Engles’ professional journey reflects a steady progression through increasingly senior roles at The Farmers National Bank of Emlenton from 2004 to 2017, during which she held positions including Vice President and Controller, Principal Accounting Officer, Treasurer, and ultimately Chief Financial Officer, a trajectory that underscores her versatility and deep understanding of bank finance from the ground up, encompassing core accounting functions, treasury operations, financial controls, and executive-level decision-making, experiences that collectively provide a strong foundation for her responsibilities at CB Financial Services as she oversees financial operations, reporting, and strategy at the enterprise level.
Academic Foundation Supports Technical and Strategic Excellence
Complementing her extensive professional experience, Ms. Engles holds a Master of Business Administration as well as a Bachelor of Science in Business Administration with a concentration in Accounting from Clarion University of Pennsylvania, academic credentials that have supported her technical proficiency and strategic thinking throughout her career, enabling her to approach financial leadership with both analytical rigor and a broader business perspective, qualities that are increasingly essential for chief financial officers tasked with bridging financial management, operational execution, and strategic planning in complex and regulated environments.
Role of the CFO in a Changing Banking Environment
As Executive Vice President and Chief Financial Officer, Ms. Engles will assume responsibility for guiding CB Financial Services’ financial strategy during a period marked by ongoing economic uncertainty, evolving interest rate conditions, and increasing regulatory complexity, requiring a proactive approach to capital management, liquidity planning, and risk oversight, while also supporting investments in technology, talent, and customer-focused initiatives that enhance the Bank’s competitive position, and her background in both accounting leadership and executive finance positions her well to balance near-term financial discipline with long-term strategic investments that drive sustainable performance.
Strategic Financial Leadership and Shareholder Value Creation
The promotion of Ms. Engles also reflects the Company’s emphasis on disciplined financial leadership as a cornerstone of shareholder value creation, as the Chief Financial Officer plays a critical role in communicating financial performance, strategy, and risk management to investors, analysts, and regulators, ensuring transparency, accuracy, and credibility in financial disclosures while supporting strategic initiatives that enhance profitability, efficiency, and growth, and her appointment reinforces CB Financial Services’ commitment to maintaining strong governance practices and clear financial communication in the public markets.
Alignment With Community Bank’s Mission and Values
Beyond financial metrics and reporting, Ms. Engles’ leadership is expected to further align the Company’s financial strategy with Community Bank’s mission of serving local communities and fostering long-term relationships with customers, businesses, and stakeholders, as her experience within community-focused banking institutions has reinforced the importance of balancing financial performance with responsible lending, community engagement, and sustainable growth, ensuring that financial decisions support not only shareholder returns but also the broader economic health of the communities the Bank serves.
Internal Talent Development and Leadership Continuity
The decision to promote from within also highlights CB Financial Services’ commitment to internal talent development and leadership continuity, demonstrating that the organization values institutional knowledge, performance-based advancement, and long-term leadership development as key components of its corporate culture, and by elevating a proven leader who has already earned the trust of management, employees, and regulators, the Company reinforces a culture of stability and continuity that is particularly valued in the banking sector, where leadership transitions can have significant implications for confidence and operational consistency.
Supporting Growth, Innovation, and Operational Excellence
Looking ahead, Ms. Engles’ expanded responsibilities will include supporting the Company’s growth initiatives and operational excellence efforts, ensuring that financial systems, controls, and reporting processes scale effectively as the organization evolves, while also evaluating opportunities for efficiency improvements, cost management, and strategic investment that enhance the Bank’s ability to compete in an increasingly digital and customer-centric financial services environment, where CFOs are expected to play an active role in shaping innovation strategies and ensuring financial sustainability.
Regulatory Expertise and Risk Management Focus
Given the highly regulated nature of the banking industry, Ms. Engles’ extensive experience in regulatory reporting, compliance, and financial controls will remain a critical asset to CB Financial Services, as she works closely with regulators, auditors, and internal stakeholders to ensure adherence to evolving regulatory standards, effective risk management practices, and strong internal controls, reinforcing the Company’s reputation for sound governance and prudent financial management while mitigating risks that could impact financial performance or stakeholder confidence.
A Strategic Appointment for the Next Phase of Growth
Ultimately, the promotion of Amanda L. Engles to Executive Vice President and Chief Financial Officer represents a strategic appointment that aligns leadership capability with the Company’s long-term objectives, combining deep technical expertise, proven leadership, and a comprehensive understanding of community banking finance to support CB Financial Services as it navigates the next phase of growth and transformation, and her appointment signals confidence in her ability to lead the Company’s financial function with integrity, insight, and strategic foresight, ensuring that financial stewardship remains a central pillar of the organization’s success in the years ahead.
About CB Financial Services, Inc.
CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates its branch network in southwestern Pennsylvania and West Virginia. Community Bank offers a broad array of retail and commercial lending and deposit services.
