CNB Community Bancorp Charts New Course With $44.09 Share Repurchase Initiative

Strategic Move by Hillsdale-Based Banking Group

CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, has launched a share repurchase tender offer targeting up to 75,000 shares at $44.09 per share. The move comes as the banking institution, headquartered in Hillsdale, Michigan, looks to return capital to shareholders while optimizing its balance sheet positioning.

The Mechanics Behind the Repurchase

As of mid-August 2025, CNB Community Bancorp had 2,094,557 shares in circulation. The tender offer provides shareholders with a structured opportunity to liquidate their positions at a fixed price—a mechanism that shields them from typical market volatility and trading costs. Investors can choose their participation level, from partial to complete share sales.

The repurchase demonstrates management’s confidence in current fundamentals and market conditions. According to company leadership, the $44.09 price point sits above the seven-month average trading level, offering participants what the firm characterizes as attractive exit valuations. The Hillsdale County National Bank subsidiary’s financial performance and market expansion efforts have informed this capital allocation decision.

Execution Details and Timeline

The tender offer window closes September 24, 2025 at 5:00 p.m. ET, with no minimum participation requirement mandating the purchase. Should tendering exceed the 75,000-share cap, shareholders holding fewer than 100 shares receive priority treatment without proportional reduction, while larger holdings are scaled pro rata.

Settlement arrives in cash shortly after the expiration date. Shares failing to secure buyer interest return to holders at no cost. Innisfree M&A Incorporated serves as information agent, with Continental Stock Transfer handling depositary functions.

Shareholder Considerations

Non-participating shareholders benefit indirectly through increased relative ownership stakes without additional capital deployment. The mechanism essentially allows the firm to concentrate equity among committed long-term holders while providing others liquidity at predetermined terms.

Management emphasizes this represents a prudent deployment of resources given the firm’s strategic positioning, balance sheet strength, and market fundamentals—a rationale mirroring the 2024 tender offer framework.

Shareholders should review complete offer documentation and consult financial advisors before making participation decisions. The board takes no position on whether shareholders should tender, leaving the determination entirely to individual judgment.