Brief: Cb Financial Services Inc Intends To Optimize Its Current Branch Network Through Consolidation Of Six Branches And Possible Divestiture Of Others

CB Financial Services

23/02/2021 22:08

Feb 23 (Reuters) - CB Financial Services Inc  CBFV.O :
    * CB FINANCIAL SERVICES INC - INTENDS TO OPTIMIZE ITS
CURRENT
BRANCH NETWORK THROUGH CONSOLIDATION OF SIX BRANCHES AND
POSSIBLE DIVESTITURE OF OTHERS
    * CB FINANCIAL SERVICES INC - ANTICIPATES NON-RECURRING
PRE-TAX
COSTS DURING 2021 OF UP TO $6.1 MILLION
    * CB FINANCIAL SERVICES INC - DOES ANTICIPATE SOME RECOVERY
OF
COSTS OVER TIME
    * CB FINANCIAL SERVICES INC - EXPECTS AN ANNUAL REDUCTION IN
PRE-TAX OPERATING EXPENSES IN 2021 OF APPROXIMATELY $1.5 MILLION

Source text for Eikon:  ID:nBw7s23PJa 
Further company coverage:  CBFV.O 

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