CNB Bank Rated 5-Star Bank by BauerFinancial
Mark Harrell, President & CEO, proudly announces CNB Bank has been awarded the highest (5-Star) rating for financial strength and stability from BauerFinancial, Inc.
To assign their ratings, BauerFinancial™ compiles data for U.S. banks from call reports as reported to federal regulators. In addition to federal regulatory capital requirements, other criteria are used to determine the BauerFinancial™ Star-Rating. Some of these include but are not limited to; profitability/loss trend, evaluating the level of delinquent loans, charge offs and repossessed assets, market versus book value of the investment portfolio, regulatory supervisory agreements, community reinvestment rating (CRA), historical data and liquidity.
“I am proud of our team every year but to accomplish such a high rating during an unprecedented year like 2020 is outstanding. Our 5-Star Rating is proof that our balance sheet remains strong and we remain committed to our communities,” Harrell said.
CNB Bank is a full-service bank with assets over $500 million dollars. CNB Bank has eight locations including Morgan County and Berkeley County, West Virginia and Hagerstown and Hancock, Maryland. CNB Bank is a locally owned community bank serving the tri-state area and has been committed to its communities for over 86 years. Being a community bank allows CNB Bank to make decisions locally to better serve the residents and businesses of the region.
BauerFinancial is completely independent. It does not get paid to rate any institution, nor can any institution avoid its rating. Bauer used the same strict barometer to rate all banks and makes those ratings available to all people. Since 1983, BauerFinancial, Inc. has earned the respect of regulators, bankers, and consumers across the country.
Our digital banking enhancements are live! At CNB we continuously explore ways to improve and are working hard to deliver enhancements to your experience when using our Digital applications ((Net24, Mobile, Remote Deposit Capture, Cash Management).
Consumer and Commercial Digital Banking Updates
Password Enhancements - You asked and we are happy to deliver. We will be eliminating the requirement to change your NetTeller password every 180 days. For security reasons, we strongly encourage you change your password every 90 days, but it will no longer be required.
- The password composition will also change to at least 10 characters the next time you change or forget your password. Your password will require at least 1 Uppercase letter, 1 Number, and 1 Special Character (+, _, %, @, !, $, *, and ~). This new composition requirement will greatly enhance your security by making the password extremely difficult to penetrate.
Self-Service Options - Along with a one-time request and set-up, you will have the ability to self-service your password resets or identify forgotten passwords, without the need to contact CNB for assistance. We will ask ALL Net24 users to set-up a security question and answer which will be used for the self-service option.
Mobile Deposit Services – We are pleased to announce our daily limit will increase to $5,000 per day and $10,000 per month. Your item limit will remain the same at 10 per day and 20 per month. Our daily cutoff time will now be 6:00 pm EST.
- Deposit your check anytime, anywhere! Visit our website at https://www.cnb.bank/banking/remote-deposit-anywhere for easy instructions to sign up for mobile deposit. It’s easy and saves you a trip to the bank.
MyCardRules – Coming Soon! - MyCardRules will replace our current smsGuardian debit card fraud alert system. smsGuardian will be permanently discontinued effective Friday, April 30, 2021. More information will be available soon on MyCardRules, including an implementation date and easy steps to enroll. With MyCardRules, you will be able to:
- Turn your debit card on and off.
- Set per-transaction spending limits
- Receive alerts on all transaction attempts declined
- Set other instant alerts on all or select transactions
- Set a location boundary where the card can be used
- Set parental controls or monitoring
Commercial Remote Deposit Capture (RDC) - Your daily limit will now be set at $50,000 which will allow us to be more efficient when processing your normal, daily deposits. Please know, if you have a need for a higher limit, we will be happy to look at your individual situation.
- Your daily item limit will increase to 250 items.
- Our end of day cutoff time will be extended to 6:00 pm EST which will align with our branch hours.
ACH Origination Services - Our new daily ACH file threshold will be $50,000 which will help us to streamline our underwriting and approval process. If your limit is already set to $50,000, nothing will change for you.
- ACH/Wire Services - We will begin using virtual tokens instead of the current hard tokens you’ve become accustomed to. This will be much more convenient for you when submitting your ACH/Wires. We will contact you individually with more details on this enhancement.
- Our ACH end-of day processing time will be extended to 4:30 pm EST.
- We are implementing Same-Day ACH which will be a great benefit to you for amounts up to $100,000. In the past, we required a 2-day lead time for your ACH transactions. We are pleased to be able to offer more flexibility to you with same-day, 1-day, or 2-day processing.
- If you are an ACH client without prefunding, we will reach out to you individually.
- An ACH Transmittal Letter submission will no longer be required.
- An ACH Processing Calendar will no longer be required.
As always, thank you for trusting us with your banking needs. We guarantee you will receive CNB
Rock Star service regardless of the method you choose; in-person, digital, phone, or ATM.
At CNB Bank, we’re right here and will continue to make enhancements to improve your banking experience.
CNB FINANCIAL SERVICES, INC. ANNOUNCES RESULTS FOR THE QUARTER
Mark D. Harrell, President/CEO of CNB Financial Services, Inc. (CNB), the parent company of CNB Bank, Inc., announced for the three months ended March 31, 2021. CNB had consolidated net income of $942,000, or $2.39 per common share and $2.63 per Class A common share as compared to $631,000, or $1.55 per common share and $1.71 per Class A common share for the three months ended March 31, 2020.
Capital is a key measure of a bank’s financial health and CNB continues to be rated a well capitalized financial institution by regulatory authorities. CNB’s capital totaled $37.3 million or 7.4% of total assets as of March 31, 2021.
CNB, with total assets at March 31, 2021 of $505.4 million, has two full-service offices and ATMs in Berkeley Springs, West Virginia. The Bank has three full service branch offices and ATMs in Berkeley County, West Virginia. Our Berkeley County office locations are in Hedgesville, south Martinsburg, and Falling Waters, West Virginia. The Bank has three full service branch offices and ATMs in Washington County, Maryland. Our Washington County office locations are in Hancock, 1591 Potomac Avenue and the Bank’s newest location at 1625 Dual Highway in Hagerstown.
CNB Bank Welcomes Cindy Shatzley as Community Relationship Officer
<Hagerstown, Md. April 13, 2021> Mark Harrell, President & CEO, proudly announces Cindy Shatzley has joined the CNB Bank team as their Community Relationship Officer.
Shatzley is a Washington County banking veteran who brings more than 30 years of banking experience to the team. She is an award-winning banker who has enjoyed years of helping her customers and community achieve their financial goals. Shatzley is an honors graduate of the Maryland Bankers Association Banking School.
“Cindy is joining a team of experienced, well-known, Washington County bankers. Her focus on customer and community relationships makes her a natural fit for us. We are so excited to welcome her to our team,” Harrell said.
“I am excited to be a part of a local community bank team. Contributing to the success of Washington County has always been important to me and this is a perfect next step in my career,” Shatzley said.
Cindy is established in the Washington County community. She has been a Girls Inc board member since 2012. Cindy enjoys spending time with her family and being outdoors.
CNB Bank is a full-service bank with assets over $500 million dollars. CNB Bank has eight locations including Hagerstown and Hancock, Maryland and Berkeley County and Morgan County, West Virginia. CNB Bank is a locally owned community bank serving the tri-state area and has been committed to its communities for over 86 years. Being a community bank allows CNB Bank to make decisions locally to better serve the residents and businesses of the region.
MARY-JANE BOWYER IS NAMED CNB BANK’S COMMERCIAL BANKER/CASH MANAGEMENT OFFICER
<HAGERSTOWN, MD March 12, 2021> Mark Harrell, President/CEO of CNB Bank, is pleased to announce Mary-Jane Bowyer has been chosen as the Bank’s new Cash Management Officer.
Mary-Jane is currently the Branch Manager at CNB Bank’s Long Meadow location. She has nine years of financial institution experience with six of those being on the CNB Bank team. She has served in various roles during her tenure and will soon transition to her new position.
‘Mary-Jane will bring such value to this role. She embodies our Core Values and possesses the energy and passion necessary for our Cash Management Officer. She is well-connected in the Washington County community and we have enjoyed watching her grow,’ Harrell said.
Mary-Jane holds a Bachelor of Science from Radford University and a Master of Arts from Liberty University. She is a 2017 graduate of the West Virginia Banker’s Association (WVBA) Consumer Lending School and a current attendee of the WVBA School of Banking.
Mary-Jane is very active in the Washington County community. She is a 2019 graduate of Leadership Washington County. She serves on the Fundraising Committee for the Boys & Girls Club of Washington County, on the Campaign Committee for United Way of Washington County, and is a Board Member for Augustoberfest.
'CNB Bank is a community bank with a strong focus on customers and their needs. We care about you and will provide you with the best financial solution for your unique situation. We are active in the community and give back in so many ways. It feels great to be able to grow my career on the CNB Bank team,' Mary-Jane said.
Mary-Jane is a dedicated employee but that is not all! When she is not in the office, you will find her baking, crafting, and spending time with her dogs. Mary-Jane resides in Pennsylvania with her husband Brandon and dogs Stormie and Zoe.
CNB Bank is a full-service bank with assets over $450 million dollars. CNB Bank has eight locations including Berkeley County and Morgan County, West Virginia and Hagerstown and Hancock, Maryland. CNB Bank is a locally owned community bank serving the tri-state area and has been committed to its communities for over 86 years. Being a community bank allows CNB Bank to make decisions locally to better serve the residents and businesses of the region.
CNB FINANCIAL SERVICES, INC. ANNOUNCES RESULTS FOR THE YEAR
Mark D. Harrell, President/CEO of CNB Financial Services, Inc. (CNB), the parent company of CNB Bank, Inc. announced that CNB had consolidated net income for the year ended December 31, 2020 of $3.2 million, or $7.77 per common share and $8.53 per Class A common share compared to consolidated net income for the year ended December 31, 2019 of $2.8 million, or $6.80 per common share and $7.48 per Class A common share.
Capital is a key measure of a bank’s financial health and CNB continues to be rated a well capitalized financial institution by regulatory authorities. CNB’s capital totaled $38.3 million or 8.0% of total assets as of December 31, 2020.
CNB, with total assets at December 31, 2020 of $481.4 million, has two full-service offices and ATMs in Berkeley Springs, West Virginia. The Bank has three full-service branch offices and ATMs in Berkeley County, West Virginia. Our Berkeley County office locations are in Hedgesville, south Martinsburg, and Falling Waters, West Virginia. The Bank has three full-service branch offices and ATMs in Washington County, Maryland. Our Washington County office locations are in Hancock with our Hagerstown offices located at 1591 Potomac Avenue and the Bank’s newest location at 1625 Dual Highway.