CNB Financial in Clearfield, Pa., has hired an outsider to serve as president of its bank.
The $5.1 billion-asset company said in a press release Tuesday that Michael Peduzzi had also become chief operating officer of CNB Bank.
Peduzzi “brings superb financial skills and a deep knowledge of banking to CNB,” Peter Smith, CNB Bank’s chairman, said in the release. “He understands the investor community and projects leadership, integrity and empathy. Ten minutes into our first meeting, I knew he was a good fit.”
Peduzzi previously served as chief financial officer of Mid Penn Bancorp.
The hiring “strengthens our ability to continue to build our organic growth franchise,” Joseph Bower, CNB’s president and CEO, said in the release. “Having his fresh perspective and skill set will help guide us forward, enhance our succession depth and assist in maintaining CNB’s strong culture.”