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CNB Bank Appoints Abrams Senior Vice President/Managing Director

July 20, 2009

William F. Falger, President and CEO of CNB Bank, recently announced the appointment of Todd M. Abrams, as Senior Vice President/Managing Director. In this role, Mr. Abrams will have the overall responsibility for the supervision of the Wealth Management Group of CNB Bank. These responsibilities include wealth and asset management, trust administration, business development, estate planning and administration of overall trust operations. He will work closely with members of the executive management team in the preparation and execution of the bank’s strategic plan.

Mr. Abrams began his career in the financial services industry in 1993 as Senior Asset Manager for Graimark Realty Advisors, Inc. in Philadelphia, PA, where he managed the $45 million commercial and real estate loan portfolio. He then became Investment Account Executive for Morgan Stanley Dean Witter and Company, Inc. And, in 1998 he joined Meyer Capitol Group as Vice President of Analysis and Director of Marketing and Investments. Here he was responsible for the co-investment management of a registered investment advisory firm, growing assets under management from $80 million to $160 million in four years. In 2002, as Wealth Management Officer for Chittenden Bank, Mr. Abrams managed over 200 accounts with over $95 million in assets under management. His most recent position was held with Wachovia Bank, where he was Vice President and Trust Advisor in the Northeast Region of Pennsylvania serving Bucks, Montgomery, Lehigh, & Northampton Counties.

Mr. Abrams has been responsible for serving as a primary point of contact to affluent and high net worth clients. He worked closely with a team of experienced specialists to offer financial planning, trust and estate services, investment management, brokerage, insurance and customized credit solutions. He was responsible for the delivery and management of approximately 240 Trust accounts encompassing $300 million in assets under management. Mr. Abrams is recognized as an adept strategic planner with strong analytic skills in the development of innovative solutions to complex financial challenges.

“It is my pleasure to welcome Todd to CNB. His record of success at producing significant operational and bottom-line improvements is impressive. His knowledge and experience will be invaluable as we continue to develop relationships throughout our market area,” Mr. Falger went on to say, “He is well respected in his expertise in the area of wealth and asset management and shares CNB’s philosophy of providing the personal, innovative service that makes the difference in the customer’s experience.”

A native of Cherry Hill, New Jersey, Mr. Abrams earned his B.S. degree in Business Administration, majoring in Finance and Marketing from Drexel University, Philadelphia, PA in 1988. In 2005, he graduated from Cannon Financial Institute, earning a Certified Trust & Financial Advisor (CTFA) certification. He currently resides in Treasure Lake.

CNB’s Trust & Asset Management Services currently serves the Cambria, Clearfield, Centre, Elk, Erie, Jefferson, McKean and Warren counties of Pennsylvania.