CLEARFIELD — Together, Peter F. Smith, Chairman of the Board of Directors for CNB Bank and CNB Financial Corp., and Joseph B. Bower Jr., CEO of CNB Bank and President and CEO of CNB Financial Corp., announced Bower’s intention to retire from these positions, effective July 1, 2022 and Dec. 31, 2022, respectively.

For the remainder of the year, Bower will work closely with his successor, Michael Peduzzi, President and Chief Operating Officer of CNB Bank, who will succeed Bower as President and CEO of CNB Financial Corp., effective Dec. 31, 2022, and CEO of CNB Bank, effective July 1, 2022.

The announcement of Bower’s retirement honors his twenty-five year career with the Company and remarkable leadership to CNB Bank and CNB Financial Corporation. He joined the organization in 1997 as Senior Vice President and Chief Financial Officer of the Bank and Treasurer of the Corporation. In 2003, Bower was promoted to Executive Vice President and Chief Operating Officer of the Bank and Secretary of the Corporation. And, on Dec. 31, 2009, he was named President and Chief Executive Officer of CNB Bank and CNB Financial Corporation.