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3. CB Financial Services acquisition
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Carmichaels-based CB Financial Services Inc., the holding company for Community Bank, on Nov. 16 announced its $49 million acquisition of Wheeling-based First West Virginia Bancorp Inc., whose retail arm, Progressive Bank, includes seven West Virginia branches and one in eastern Ohio. “Many of us have long ties with Wheeling and the Ohio Valley,” said CB Financial CEO Barron (Pat) McCune Jr., who said the merger will enable the combined banks “to offer more service, better products and additional locations for our new customers.”