The Board of Directors of CNB Financial Corporation and CNB Bank recently announced the retirement of William F. Falger, effective December 15, 2017, following 21 years of distinguished service to the organization’s Board of Directors.
Acknowledging Mr. Falger’s service, Peter Smith, Chairman of the Board, stated, "CNB’s growth is the result of two things – terrific employees and great leadership. Bill’s strong and steady hand guided CNB into new markets and through the turbulence of 2008. On behalf of the board and our shareholders, I thank Bill and wish him all the best in retirement.”
Mr. Falger has served on the Board of Directors since 1996 and served on several committees over the years, most recently offering his expertise to the Asset & Liability, Independent Directors, Loan and Discount, and Strategic Planning committees, as well as serving as chairperson for the Enterprise Risk Management committee.
Mr. Falger began his career with the Corporation in 1989 when he was hired as Senior Lender of CNB Bank. He then served as President and CEO of CNB Bank from 1993-2009. Under his leadership and time on the board, the company has grown from a community bank with $270 million in assets to a very successful regional bank with four divisions and $2.75 billion in assets.
When thinking back over his years of service, Mr. Falger stated, “It has been an honor and privilege to be a part of the CNB family over the past 28 years. I am confident that our past success will continue under the excellent leadership of our board and management.”
Bill also served the community in various ways throughout his career. He was a board member of the Clearfield Industrial Development Authority and Chairman of the Clearfield Economic Development Corporation, now known as Clearly Ahead Development, during the acquisition and redevelopment of the former Harbison-Walker refractory site and Berg Electronics.
Bill also served on the Board of the Clearfield Hospital, University of Pittsburgh at Bradford Campus, and as the Treasurer of the Board of Trustees for the Punxsutawney Campus of Indiana University of Pennsylvania.
Based on strong, traditional values, CNB Bank is dedicated to being the premier financial services provider in the area, focused on the changing needs of people and business in our communities by providing the highest quality service.