Mr. Peduzzi was hired as President and Chief Operating Officer of CNB Bank in August 2021. In this capacity, Mr. Peduzzi leads the bank in the execution of the strategic plan. He works with the CEO and Board of Directors of CNB to develop and lead the financial policies and practices of the retail, commercial, wealth management and private banking divisions of the bank to ensure that financial objectives , institutional growth goals and targets are met. . Along with other members of CNB’s management team, he will develop and implement bank-wide strategies aimed at achieving the growth and profitability necessary to deliver optimal shareholder returns while complying with regulations. government and sound financial practices.
Commenting on the announcement, Peter F. Smith, Chairman of the Board of Directors of CNB Bank, said: “I am very excited about the talent and enthusiasm Mike brings to CNB. His new leadership will take CNB to the next level.
Mr. Peduzzi has over 34 years of experience in banking and financial services, most recently serving as senior executive vice president and chief financial officer of a community bank in Pennsylvania. During this time, he served on the board of directors of the Pennsylvania Association of Community Bankers.
A native of Ebensburg, Pa., Mr. Peduzzi is a graduate of Bishop Carroll High School. He then graduated from Pennsylvania State University with a Bachelor of Science in Accounting. Mr. Peduzzi is a member of the American Institute of Certified Public Accountants (AICPA) and the Pennsylvania Institute of Certified Public Accountants (PICPA). He served a three-year term on the PICPA State Committee on Professional Ethics and a four-year term on the PICPA State Committee on Internal Audit, including a term as Chairman. Mr. Peduzzi has also been a member of the Pennsylvania State University – York Advisory Board since 2016.
Mr. Peduzzi’s appointment is the culmination of an active leadership succession planning process that the Board initiated several years ago to ensure an orderly leadership transition. The Board of Directors looks forward to working with Mr. Peduzzi to continue the bank’s growth and leadership in the communities it serves while upholding the rich heritage and tradition of superior service to its customers.
CNB Financial Corporation published this content on 01 January 2022 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 03 January 2022 04:28:06 PM UTC.