December 12, 2023

On December 8, 2023, CB Financial Services, Inc., Washington, Pennsylvania, the holding company for Community Bank, completed the sale of its insurance agency subsidiary, Exchange Underwriters, Inc., to World Insurance Associates, LLC.

CB Financial Services is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank operating in southwestern Pennsylvania and West Virginia.

World Insurance Associates specializes in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.

Luse Gorman served as legal counsel to CB Financial Services, Inc. in the transaction. The Luse Gorman team consisted of Lawrence Spaccasi, Marc Levy, Victor Cangelosi and Max Seltzer.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.