The County National Bank of Clearfield was founded by a group of citizens from Clearfield on February 5, 1865. The law authorizing the organization of national banks was passed during President Lincoln's administration and had been in effect for less than two years.
Years later, in March of 1933, President Roosevelt declared a "Bank Holiday," closing all national banks. Those banks in poor financial condition never reopened.
County National, however, reorganized in February of 1934 by virtue of a stock offering to existing depositors. The bank was renamed "The County National Bank at Clearfield," and was capitalized with $225,000 of preferred capital stock, $225,000 in common stock and $90,000 in surplus. Also, County National Bank formed a Trust Department to serve customers' trust and estate needs. To simplify growth into additional market areas, the name was changed to "County National Bank" in 1965.
In March of 1984, County National Bank reorganized and became a wholly owned subsidiary of CNB Financial Corporation. This arrangement allowed shareholders to expand the financial services beyond those the bank itself was permitted to offer under current regulations.
In October, 2005, a new bank named ERIEBANK was formed in Erie, Pennsylvania. Operating as a division of County National Bank, the new organization opened a Loan Production Office at 1001 State Street in downtown Erie.
On November 7, 2005, CNB Financial Corporation purchased the performing loans of Holiday Consumer Discount Company and formed the Holiday Financial Services Corporation, a wholly owned subsidiary of CNB Financial Corporation. The corporation offers its customers both secured and unsecured consumer loans, sales finance products and associated credit insurance products.
County National Bank converted from a national banking charter to a state banking charter on December 29, 2006, officially changing its name to CNB Bank.
On October 11, 2013, CNB Financial Corporation acquired the eight branch bank, Farmers Citizens Bank, which was headquartered just north of Columbus in Bucyrus, Ohio. Following the acquisition, FCBank, a division of CNB Bank was formed.
In July, 2015, CNB Bank completed a merger with Lake National Bank, a national bank in Mentor, Ohio with two branches. Offices of Lake National Bank now operate under the trade name, ERIEBANK, a division of CNB Bank. In November 2021, ground was broken for the first ERIEBANK branch in the Cleveland, OH area.
In November 2016, a new bank, BankOnBuffalo, was formed in Buffalo, New York. Operating as a division of CNB Bank, the new organization opened its first full service location inside Buffalo's historic Electric Tower. In July 2020, Bank of Akron was acquired by CNB Financial Corporation and now operates under the trade name BankOnBuffalo, a division of CNB Bank.
Ridge View Bank, a new division of CNB Bank, entered the Roanoke, VA market in July, 2021. Ridge View Bank currently has loan production offices in downtown Roanoke and Smith Mountain Lake. The headquarters will be in Roanoke, with plans for a full-service branch in Salem.
Impressia Bank, the newest division of CNB Bank, launched May, 16 2023. A bank designed for women by women, Impressia Bank will be a full-service banking institution dedicated to the professional and financial development and advancement of women business owners and women leaders.
Our Current Focus
CNB Financial Corporation provides a full range of banking activities and services for individual, business, governmental and institutional customers through its wholly owned subsidiary, CNB Bank. Our 19 full-service offices operate as CNB Bank throughout northwestern PA, while twelve full-service offices operate as ERIEBANK, a division of CNB Bank in Northwest Pennsylvania and Northeast Ohio. Seven full-service offices operate as FCBank, a division of CNB Bank in Central Ohio, and thirteen full-service offices plus one mobile banking office operate as BankOnBuffalo, a division of CNB Bank, serving Western New York. Two full-service offices operate as Ridge View Bank, a division of CNB Bank, in the Southwest Virginia region, with its headquarters location slated to open in 2024. Impressia Bank, a division of CNB Bank, launched in May 2023 as a full-service banking division of CNB Bank. Impressia Bank is dedicated to the professional and financial development and advancement of women business owners and women leaders with a digital-centric approach complemented by regional employees in Cleveland and Columbus, Ohio, Erie, Pennsylvania, and Buffalo, New York. Holiday Financial Services has nine offices centrally located in the CNB Bank and ERIEBANK market areas.