Apr 14, 2018 3 min read

The holding companies for Community Bank and a Wheeling, W.Va.-based bank announced this week more than 99 percent their shareholders voted in favor of the pending merger.

CB Financial Services Inc. and First West Virginia Bancorp Inc., the holding company for Progressive Bank N.A., expect to complete the merger around April 30. Approval hinges on completing closing conditions.

Carmichaels-based CB Financial announced the merger agreement in November in a cash and stock transaction valued at about $49 million. CB Financial is preparing to move into a new corporate center in North Franklin Township this summer.

In a related development, CB Financial recently appointed Michael Moore vice president and commercial relationship officer in the Ohio Valley.

Supply and demand

The weather didn’t help, George Hackett surmised, and neither did homeowners’ traditional reluctance to list their properties during cooler months.

“The demand for homes is outpacing the supply,” the president of West Penn Multi-List Inc. said in response to the organization’s March report, which showed home sales and new listings dropped in the region.

Hackett, who also is president of Coldwell Banker Real Estate Services, Pittsburgh, reflected on a report comparing results from January through March compared with the same quarter of 2017. It said in part:

• Closed sales were down 1.42 percent (5,200 units in 2018 vs. 5,275 in 2017);
• Closed sales volume was up 7.17 percent ($944,325,200 from $881,183,475);
• Average sale price was up 8.71 percent ($181,601 from $167,049);
• Home listings were down 10.37 percent (8,371 units from 9,340 in 2017).

West Penn Multi-List tracks residential real estate information in 17 counties: Washington, Greene, Allegheny, Armstrong, Beaver, Butler, Cambria, Clarion, Crawford, Fayette, Indiana, Jefferson, Lawrence, Mercer, Somerset, Venango and Westmoreland.

20 yoga years

It has had three names, two owners and a long list of instructors, classes and events. And now, Sri Yantra Yoga Studio is celebrating 20 years of operation in Houston.

Patti Spadaro, an adjunct faculty member and Washington resident, owns the facility located in the Schoolhouse Business Center, 10 Cherry Ave, Suite 200. Holistic yoga classes, meditation and workshops are among the offerings there.

Anniversary-related events are scheduled next Friday evening and Saturday afternoon and evening. To register or for more information, visit SriYantraYoga.com.

NAACP to host Town Hall meeting

The Mon Valley NAACP, Unit No. 2274, will host an Employment Town Hall meeting May 31 from 6:30 to 9 p.m. at Donora Library, 510 Meldon Ave.

Local NAACP members and personnel from Career Links and the Mon Valley Alliance will provide information on improving one’s marketing skills to those seeking employment or a better job.

Small business group to hold workshop

The Pittsburgh District of the Small Business Administration will have a free workshop Wednesday from 10 a.m. to noon for those interested in the SBA’s 8(a), HUBZone and women-owned certification programs. The workshop will be at 411 Seventh Ave., Pittsburgh.

Personnel move

Ray Walker retired Friday as executive vice president and chief operating officer of Range Resources Corp. Walker worked in the oil and gas industry for 42 years. Range announced that Dennis Degner, senior vice president of operations, will still oversee operations for the Marcellus and North Louisiana divisions.