CLEARFIELD —CNB Financial Corp., the parent company of CNB Bank, announced that Michael D. Peduzzi has been appointed as President and Chief Operating Officer of CNB Bank.

Peduzzi has over 34 years’ experience in banking and financial services, having most recently served as Senior Executive Vice President & Chief Financial Officer of a Pennsylvania community bank. During his five-year tenure, the bank grew from less than $1 billion in assets to over $3 billion, with 36 office locations throughout Pennsylvania. During this time, he has also served on the Board of Directors of the Pennsylvania Association of Community Bankers.

As President & COO of CNB Bank, Peduzzi will lead the bank in the execution of the strategic plan. He will work with the Chief Executive Officer and Board of Directors of CNB to develop and direct the financial policies and practices of the bank’s retail, commercial, wealth management and private banking divisions to ensure that financial objectives and goals, and institutional growth targets are met. Along with other members of the CNB executive management team, he will develop bank wide strategies aimed at achieving growth and profitability goals to ensure optimum shareholder returns while complying with government regulations and sound financial practices.

“Adding Mike’s experience and expertise to CNB’s management team strengthens our ability to continue to build our organic growth franchise,” said Joseph Bower, President and Chief Executive Officer of CNB. “Having his fresh perspective and skill set will help guide us forward, enhance our succession depth and assist in maintaining CNB’s strong culture.”

Peduzzi is a native of Ebensburg.