Business
CNB Community Bancorp, Inc. Announces Results of 2025 Issuer Tender Offer
HILLSDALE, Mich., September 29, 2025--CNB Community Bancorp, Inc. Announces Results of 2025 Issuer Tender Offer
About this update from Community Bancorp.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2062,"height":314,"url":"https://media.zenfs.com/en/business-wire.com/e1999aeaa69eba271fdab3a613153543"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DOvILx6gU.65dlRNhbVPag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE0NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e1999aeaa69eba271fdab3a613153543","width":960,"height":146},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/wGSf8aMErq22xsVIp.CtjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0zNjY7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/e1999aeaa69eba271fdab3a613153543","width":1200,"height":183}},"lazy":false},{"type":"text","content":"HILLSDALE, Mich., September 29, 2025--(BUSINESS WIRE)--CNB Community Bancorp, Inc. (OTCQX: CNBB) (referred to as the "Company"), the parent company of County National Bank, today announced the final results of its tender offer to purchase up to 75,000 shares of its outstanding common stock at a purchase price of $44.09 per share (the "Tender Offer").","length":372,"tagName":"p"},{"type":"text","content":"The Tender Offer, which expired at 5:00 p.m., Eastern Daylight Time, on September 24, 2025, had, based upon the final count by the depository, Continental Stock Transfer and Trust, 56,524 shares of common stock properly tendered and not withdrawn at a price of $44.09 per share. Consequently, the Company has accepted for purchase 56,524 shares of its common stock at a price of $44.09 per share.","length":396,"tagName":"p"},{"type":"text","content":"The aggregate purchase price for the shares purchased in the Tender Offer is $2,492,143.16, excluding fees and expenses related to the Tender Offer. The shares accepted for purchase in the Tender Offer represent approximately 2.7% of the Company’s outstanding shares as of August 19, 2025 (two trading days prior to the commencement of the Tender Offer).","length":354,"tagName":"p"},{"type":"text","content":"Payments for shares tendered and accepted are expected to be issued as promptly as possible after the expiration date.","length":118,"tagName":"p"},{"type":"text","content":"Questions regarding the Tender Offer may be directed to Innisfree M&A Incorporated at (877) 750-0537 (for shareholders) and (212) 750-5833 (for banks/brokers)...