Long-Time Roanoke Banker, Carrie McConnell, Named as President
CNB Bank, a bank holding company based in Pennsylvania, has announced that Ridge View Bank, a new division of CNB Bank, has entered the Roanoke market and appointed Carrie McConnell as President.
Ms. McConnell will spearhead a unique approach to banking for small to mid-sized businesses where she will serve as a hands-on decision maker. She will also be a direct contact for area business owners and executives seeking timely, and in many cases same day, decisions for their capital need requests. With its focus on local decision-making, Ridge View Bank will increase the level of service provided to the communities in and around Roanoke and bring growth to the entire region.
Commenting on the new venture, Joseph B. Bower, Jr., President and CEO of CNB Bank stated, “Given the fluctuation in the banking landscape over the past few years, there is tremendous potential for a new bank driven by a strong focus on meeting the financial needs of businesses and individuals in the way only a community bank can deliver. That begins with Carrie’s direct involvement as Ridge View Bank President in helping area companies grow by quickly funding their space expansion, new equipment, and increased employment needs.”
Ridge View Bank will offer commercial lending, cash management and all other business financial needs, such as remote deposit, mobile banking, ACH, wire services and credit cards. Private banking and wealth management services will also soon be offered.
“I am committed to ensuring that Ridge View Bank is more than just a financial institution. Ridge View will be a true community partner, one that collaborates with our local governments, civic and religious organizations, and schools to make sure our families and friends have what they need to thrive here in Southwest Virginia,” stated McConnell. “Our management team and advisory board members are located here in Roanoke but have the support of a $5 billion bank holding company behind us, making this an ideal commercial banking solution for our communities.”
Ms. McConnell, who grew up in the New River Valley and has lived in Roanoke and Salem for the last 25 years, has over 20 years of banking experience in the Roanoke area. Her extensive experience as a commercial lender has provided her with a wealth of insight that will serve her well as the leader for Ridge View Bank. Most recently, Ms. McConnell served as Senior Vice President of Commercial Lending at a regional bank. Prior to that, she was instrumental in the development of a de novo bank that grew to over $550 million in assets before it was acquired.
CNB Bank has extensive experience in developing new banks. The first venture, ERIEBANK, in Erie, PA, began in 2005 followed in 2016 with BankOnBuffalo in Western New York. Each bank has successfully grown to over $1 billion in assets to date.
About CNB Financial Corporation and CNB Bank
CNB Financial Corporation [Nasdaq: CCNE] is a financial holding company with consolidated assets of approximately $4.9 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, one loan production office, one drive-up office and 44 full-service offices in Pennsylvania, Ohio, and New York. CNB Bank’s divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in northwest Pennsylvania and northeast Ohio; FCBank, based in Worthington, Ohio, with offices in central Ohio; and BankOnBuffalo, based in Buffalo, New York, with offices in northern New York. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania.