Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Merger or Acquisition (November 2017)
26 slides from Cb Financial Services's merger presentation, Nov 16, 2017
Slide 1: Rule 425 filing legend
Filed by CB Financial Services, Inc. (Commission File No. 001 - 36706) Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a - 12 under the Securities Act of 1934 Subject Company: First West Virginia Bancorp, Inc. The following is a copy of materials posted on C
Slide 2: An Introduction to Community Bank
An Introduction to Community Bank November 16, 2017
Slide 3: Forward-Looking Statements
Forward - Looking Statements Statements contained in this investor presentation that are not historical facts may constitute forward - looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward - looking statements are subject to significant risk
Slide 4: Legal Disclosures: Additional Information About the Merger
Legal Disclosures Additional Information About the Merger and Where to Find It CB Financial Services, Inc. will file a registration statement with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended. The registration statement will include a joint proxy st
Slide 5: Welcome to Our Presentation About Community Bank
Welcome to O ur Presentation About
Slide 6: About Community Bank
About Community Bank ▪ Community Bank was founded in 1901 as the First National Bank of Carmichaels in Carmichaels, PA ▪ The name of the Bank was changed to Community Bank in 1987 ▪ The Bank has remained independent and today is locally owned and locally managed ▪ In 2006, Community Bank formed a ho
Slide 7: About Community Bank
About Community Bank ▪ Community Bank operates 16 branches in five counties in Southwestern PA (see the map further in the presentation) ▪ Community Bank does business throughout the Tri - State Area of Pennsylvania, West Virginia and Ohio ▪ Community Bank owns an insurance agency, Exchange Underwri
Slide 8: Diversified Business Mix
Diversified Business Mix Retail Banking & Wealth Management Commercial Banking Insurance Mortgage Banking Nearly a quarter of deposits are noninterest bearing More than 80% non - time deposits Excellent retail branch coverage of Southwestern PA market in the heart of the Marcellus/Utica Shale
Slide 9: Community Bank Highlights (as of 9/30/2017)
Community Bank Highlights (as of 9/30/2017) ▪ Assets of $907 Million ▪ Gross Loans of $704 Million ▪ Deposits and Sweep Accounts of $787 Million ▪ 92% Loans - to - Deposit Ratio ▪ Common Equity Tier 1 Capital of $84 Million ▪ Strong Credit Quality and Credit Administration ▪ High Percentage of Low C
Slide 10: Community Bank's Board of Directors
Community Bank’s Board of Directors Pat McCune Ralph Sommers Chairman Former President & CEO of Community Bank Served as director since 1983 and Chairman since 1999 Director, President Previously: President, CEO & Director of First Federal Regional President – WesBanco SVP & Senior L
Slide 11: Community Bank's Board of Directors
Community Bank’s Board of Directors Charles Guthrie William Groves Director of Community Bank since 1996 Chair of nominating and governance committees President of Haulit Trucking and township supervisor of Cumberland Township Director of Community Bank since 2002 Partner in Wayne Lumber C
Slide 12: Community Bank's Key Senior Management
Community Bank’s Key Senior Management Pat McCune Ralph Sommers Chairman Joined Community Bank in 1979 as EVP Former President & CEO Served as director since 1983 and Chairman since 1999 Director, President Responsible for c ommercial business generation, sales culture & business lines i
Slide 13: Community Bank Achievements
Community Bank Achievements ▪ Washington County Best Places to Work for 2010, 2011 and 2012 ▪ Pat McCune and Pat O’Brien named as Who’s Who in Energy for multiple years by the Pittsburgh Business Times ▪ Overall Winner of the PACB Community Service Award for 2011 13
Slide 14: Community Bank Achievements Since Going Public
October 2014 : Closing of the merger with First Federal November 2014: Our common stock started to trade on the NASDAQ Global Market under the symbol CBFV April 2015: Ambassador Financial Group named Community Bank the 4 th Highest Performer in Western Pennsylvania for its 2014 Return on Equit
Slide 15: Community Bank Achievements Since Going Public
June 2015 : CBFV was added to the prestigious ABA NASDAQ Community Bank Index June 2015 : Pat McCune was awarded the World Class CEO award by the Southpointe CEO Association August 2015 : KBW Research initiated coverage of CBFV stock October 2015 : Designated a Sm - All Star by Sandler O’Nei
Slide 16: Community Bank Achievements Since Going Public
Community Bank Achievements Since Going Public April 2016: Pat McCune received Individual Community Member award presented by Range Resources at their Good Neighbor Awards Banquet November 2016: Community Bank received the Charles C. Keller Excellence Award for Corporate Philanthropy presented b
Slide 17: Our Economic Future
Our Economic Future ▪ Community Bank is excited about the economic prospects for the Tri - State area and particularly for the resurgence of the Ohio Valley ▪ The primary driver for this economic renaissance is the revolution in natural gas production and consumption occasioned by the development of
Slide 18: Marcellus/Utica Shale - Regional Economic Driver
Marcellus/Utica Shale - Regional Economic Driver Source: U.S. Energy Information Administration and SNL Financial. Map of Marcellus / Utica Shale Region Community Bank Market Area 18
Slide 19: Shale Gas Drives PetroChemical
Shale Gas Drives PetroChemical ▪ Shell Chemical Appalachia is building a “massive multi - billion dollar petrochemical plant” (known as an ethane cracker) in Potter Township, Beaver County ▪ Construction began in 2017, and will create over 6,000 construction jobs and will employ 600 people permanent
Slide 20: Shale Gas Drives PetroChemical
Shale Gas Drives PetroChemical ▪ Another game changer would be a proposed cracker plant located in Dilles Bottom, Ohio, approximately 13 miles from Wheeling, WV ▪ The proposed cracker plant would employ thousands during construction and hundreds of permanent petrochemical jobs once the plant enters
Slide 21: Shale Gas Drives PetroChemical
Shale Gas Drives PetroChemical ▪ WVU - led research identifies areas for a Natural Gas Storage ‘Hub’. Top areas are Belmont, Ohio, Brooke and Hancock Counties. To view the full report, go to, http :// aongrc.nrcce.wvu.edu/wp - content/uploads/MASTER_Final_Report_8 - 29 - 2017.pdf ▪ According to the
Slide 22: Shale Gas Drives PetroChemical
22 Shale Gas Drives PetroChemical ▪ November 2017: West Virginia announces $83.7 billion gas development deal with China Energy ▪ West Virginia Commerce Secretary Woody Thrasher has revealed that the first projects in a blockbuster agreement between the state and China are natural gas power plants,
Slide 23: Our Future with Progressive Bank
Our Future with Progressive Bank ▪ With the addition of Progressive Bank, Community Bank will become a $1.25 Billion asset bank with 24 offices in three states ▪ Our Capital will approximate $132 Million ▪ Our Market Capitalization will likely exceed $160 Million ▪ We will be able to offer more serv
Slide 24: Geographic Footprint
Source: SNL Financial. CBFV branch count excludes two locations with zero deposits. Geographic Footprint • Community Bank (16) • Progressive (8) 24 Weston
Slide 25: Combined Marcellus and Utica market presence
As the map below demonstrates , the combination of Community Bank’s market presence in the heart of the Marcellus, and Progressive Bank’s market presence in the heart of the Utica, will allow Community Bank to serve an economy that has enormous upside potential. Source: U.S. Energy Information Admin
Slide 26: Strategic Vision for Community Bank
Empower our experienced, high quality employees to provide superior customer service in all aspects of our business Create a service culture which builds full relationships with our customers Grow commercial, mortgage, and consumer loans; commercial deposits; insurance; and wealth management
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