Jeffrey S. Powell, a member of the CNB Financial Corporation Boards of Directors, was elected Chairperson of Board by his fellow Directors, effective January 1, 2024. Mr. Powell has been a CNB Director since 1994 and has served as the Audit Committee Chairperson for over 20 years. He will succeed the current Chairperson of the Board, Peter F. Smith, who provided the CNB Boards with notice of his intention to step down as Chairperson at the end of 2023.

Mr. Smith wanted to ensure a smooth transition of Board leadership prior to his mandatory retirement in 2024 in accordance with the age limitation for Directors under the Corporation?s bylaws. Mr. Smith, an attorney in the general practice of law in Clearfield, PA, has been one of the longest serving Directors in the Corporation?s history, having been a CNB Director since 1989. He has served as the Chairperson of the Board since 2017.

He will remain on the Board of Directors until his mandatory retirement date in June 2024. Mr. Powell, a graduate of The Pennsylvania State University with a degree in Business Administration, is currently the President of JJ Powell Inc., a petroleum marketer providing services to customers in and around the Pennsylvania communities of Philipsburg, Clearfield, Bellefonte, Lewistown, Lewisburg, and Sunbury. He is also the President of Snappy?s Convenience Stores.

Mr. Powell is the seventh Chairperson of the Corporation since its formation in 1984. John Leitzinger was the original Chairperson followed by Ronald B. Strattan, L. E. Soult, Jr., William Owens, Dennis L. Merrey, and most recently Peter F. Smith.