CNB Financial Corporation Acquires Bank of Akron
July 20, 2020
CNB Financial Corporation (CNB Bank) completed its acquisition of Bank of Akron, merging Bank of Akron into CNB Bank with CNB Bank as the surviving institution. Bank of Akron's offices will operate under the BankOnBuffalo trade name as a division of CNB Bank; the combined company has approximately $4.9 billion in assets and 45 full‑service offices pro forma as of June 30, 2020.
- Buyers
- CNB Financial Corporation
- Targets
- Bank of Akron
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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