CB Financial Services, Inc. Repositions Balance Sheet

(NASDAQ:CBFV) WASHINGTON, Pa.--(BUSINESS WIRE)--CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), announced today the implementation of a balance sheet repositioning strategy of its portfolio of available-for-sale investment securities. The Bank sold $129.6 million in book value of lower-yielding investment securities, with an average yield of 2.87%, for an estimated after-tax realized loss of $9.3 million. Investment securities sold inc