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Bank News &
Community Commitment

Coloring Contest Winners Announced (June, 2016)

The Bank recently conducting a coloring contest in conjunction with our Super Star Promotion.  Six winners were chosen from all entries received.   We would like to extend a congratulations to the following winners and thank all those who participated.  Each winner received a $25.00 gift card.


3-5 Age Group:  Collin W. (pictured) & Sophie M. (no photo provided)


6-8 Age Group: Cory B. & Laura S. pictured with CBT employee Debbie Bowser


9-12 Age Group: Isaac M. pictured with CBT employee Sheila Smolko & Emily H. (no photo provided)

Donation Made to Local Food Bank (May, 2016)








Clearfield Bank & Trust recently conducted an "April Showers Bring May Flowers" Employee Food Drive.  They collected and donated over 230 food items to the Clearfield Area Food Bank.  Pictured are Clearfield Bank & Trust employees, Ken Coder, Jeri McPhail and Melanie Humberson.  Accepting the donation on behalf of the Food Bank is Robin Clark.




Easter Egg Hunt Held (March, 2016)


Clearfield Bank & Trust Pine Grove Mills Office recently partnered with the Pine Grove Mills Lions Club to hold an Easter Egg Hunt at Lions Park.  The event produced 60 registered children, accompanied by their parents and grandparents.  Kids enjoyed the day collecting eggs, winning great prizes and visiting with the Easter Bunny. 

Helping with the event were members of the Lions Club as well as Employees of Clearfield Bank & Trust and their families.  We would like to thank all who attended and helped make this event a success. 

Pictured are Clearfield Bank & Trust employees, Jim Kane, Alyssa Yoder and Kathy Auman.






CBT Donates $5,000 to CRC (March, 2016)

The Clearfield Revitalization Corp. (CRC) has received a contribution from the Clearfield Bank & Trust Co. in the amount of $5,000 for 2016.

This contribution from CBT has been an ongoing pledge to the CRC since the organization’s formation in 2008. CBT has been vital to the sustainability of the CRC Main Street Program.

Main Street Manager Loretta Wagner states “The CRC would like to thank Clearfield Bank & Trust, for its continued support of our downtown revitalization efforts.

“This ongoing contribution has helped to sustain our work in Clearfield for the past years and will continue to assist in the maintenance and expansion of projects that will lead to the betterment of the Clearfield community as a whole.

“We are very fortunate to have such a community-oriented institution within the Clearfield Main Street District.”

Pictured are Michael Bibak, CBT President and CEO; Kathy Jacobson, CBT Assistant Vice President and Community Office Manager; Wagner; and Joe Kelly Jr., CBT Assistant Vice President and Business Banking Officer.

Jacobson Named Business Banking Officer (March, 2016)

Michael J. Bibak, President and CEO of Clearfield Bank and Trust Company announces that, Claudia “Cookie” Jacobson, has been named Vice President & Business Banking Officer for Clearfield Bank & Trust.    In this position, Mrs. Jacobson will be responsible for servicing the bank’s commercial customers as well as business development in the bank’s market area.  Mrs. Jacobson started in the financial services industry in 1975.  Over the years Cookie has held the positions of Vice President & Office Manager, Assistant Office Manager and Loan Officer, dealing with Business, Mortgage and Personal Loans. 

Mr. Bibak stated, “Clearfield Bank & Trust welcomes Cookie to the CBT family.  We are honored to have a professional with the credentials and reputation she brings with her joining the team in DuBois.  I think all can agree this announcement shows the commitment CBT has to DuBois and surrounding communities.  I invite everyone to come in and see Cookie.”

Cookie is a graduate of Central Atlantic Advanced School of Banking and has received numerous Banking diplomas.  Her community involvement includes Chairperson for the Silver Ribbon Award for the DuBois Area Chamber of Commerce, Treasurer of the Greater DuBois Area Builders Association, Secretary for DuSan Ambulance Assn. and Board Member of Pentz Run Youth Services.  Mrs. Jacobson resides in Brady Township, DuBois, with her husband, Ron. 

CBT Partners With Local Library (February, 2016)

Schlow Centre Region Library installed a remote book return in Ferguson Township.  The book return is at Clearfield Bank & Trust located at 511 Pine Grove Road.  The library installed the remote book return to enable quicker, more accessible drop-offs of books and other materials like DVD's and magazines. 

There are six other remote book returns, located in Brother's Pizza in Stormstown, Giant on North Atherton, in Nittany Mall new Holiday Hair, Uni-Mart at Carson's Corner and the Weis on South Atherton.  Each remote book return is accessible 24 hours a day except for Nittany Mall and Weis locations.

The location of the newest book return was selected after an analysis of input from residents and mapping library card holders in the region.

"Clearfield Bank & Trust is very happy to partner with the Schlow Centre Region Library by installing a book drop at our Pine Grove Mills Office," CBT Office Manager, Jim Kane, stated.  "It is our hope that this new drop-off location will help improve the ease and convenience of using the library for the residents of Ferguson Township."

CBT is Making a Difference in Fight Against Cancer (February, 2016)

Clearfield Bank & Trust is making a difference in the fight against cancer.  CBT's donation of $500 supports the Relay For Life of the Moshannon Valley.  Pictured are, from left, American Cancer Society staff, Susan Babik; relay event leader, Kerry Slother and CBT Community Office Manager, Jim Richtscheit. 

CBT Partners With CPCA In Vehicle Assistance Program (February, 2016)

Central Pennsylvania Community Action, Inc., (CPCA) was awarded a Discretionary Grant for $110,000 from the Department of Community and Economic Development (DCED), Community Service Block Grant (CSBG) for the program called the “Vehicle Assistance Program” (VAP).  The program assists consumers with vehicle purchases and other related vehicle issues. CPCA is partnering with the Center for Community Action and Blair County Community Action. The grant covers the following six (6) counties: Centre, Clearfield, Huntingdon, Fulton, Bedford, and Blair. All approved applicants are eligible to apply for additional funding through Clearfield Bank & Trust.

Vehicle problems exist throughout these counties because of their rural nature. For Centre County, the average commute time is 19 minutes and the commute time is even longer for Clearfield County at 24 minutes. The lack of affordable housing within the counties makes commuting times to and from work longer.  Reliable transportation is essential to maintaining employment due to the long commute times.

CPCA’s Vehicle Assistance Program (VAP) will assist individuals from low income households struggling to hold a job due to lack of a vehicle, or other needed vehicle repairs, and services. The program will provide an allotment of up to $2,500 to help purchase a vehicle from a certified car dealership, $1,000 for larger repairs and up to $50 will be provided to perform necessary required services to keep the car running efficiently and legally (i.e. state inspections).

Clearfield Bank & Trust is offering a Vehicle Assistance Loan Program (VALP) in conjunction with CPCA’s Vehicle Assistance Program (VAP).  This program is designed to supplement grant funding offered to qualified applicants through CPCA’s Vehicle Assistance Program (VAP).  Low-income families that have been pre-qualified for CPCA’s VAP are encouraged to apply for additional funds from Clearfield Bank & Trust’s Vehicle Assistance Loan Program (VALP).  Upon credit approval, the Vehicle Assistance Loan Program (VALP) proceeds can help cover added vehicle expenses above and beyond grant funding from CPCA’s Vehicle Assistance Program (VAP).  Applicants can stop by any Clearfield Bank & Trust office for additional details on the Vehicle Assistance Loan Program. 

Clearfield Bank & Trust will assist approved applicants further with its Vehicle Assistance Loan Program (VALP).  For more information regarding CPCA’s VAP, please contact Bonnie Potter-Boop at either (814) 342-0404 or 800-822-2610, Susan Hawthorne, Executive Director, 814-404-5688.

CBT Promotes Kelly and Hamilton (January, 2016)

Michael J. Bibak, President and CEO of Clearfield Bank and Trust Company announces the promotion of Joseph P. Kelly, Jr. and David A. Hamilton to Assistant Vice President.

Joseph P. Kelly, Jr. began his banking career in 2009 and joined Clearfield Bank & Trust in 2014.   In addition to Assistant Vice President, he is also a Business Banking Officer. 

Mr. Kelly earned a Bachelor of Science degree in Business Administration from Penn State University.  In addition, he is a graduate of the Pennsylvania Bankers Association School of Commercial Lending and completed numerous RMA and Omega training courses.    

He is currently Vice President of Clearfield County Economic Development Corporation, Treasurer of Clearfield Revitalization Corporation, Treasurer of Clearfield County Rails to Trails Association and is a member of Clearfield Kiwanis Club and is Halloween Parade Chairman.  He is also a Committee member for Big Brothers Big Sisters “Shoot for the Magic” and Headwaters Charitable Trust “Clays for Conservation”. 

Mr. Kelly resides in Clearfield with his wife, Shannon, and their son. 


David A. Hamilton began his banking career at Clearfield Bank & Trust in 2008.  In addition to Assistant Vice President, he is also Information Systems Manager. 

Mr. Hamilton earned a Bachelor of Science degree in Information Technology from Penn State University and attended University of Phoenix.  He completed numerous job related courses and training including Cisco Unified Voice and Call Manager, VWWare, EMC Scan, CISSP training and is Adobe Photoshop certified. 

He is an avid supporter of Help Hope Live and recently raised money for a double lung transplant patient.  Mr. Hamilton resides in Clearfield with his wife, Kristina, and their son.


"Both Joe and Dave are highly regarded members of the CBT family,” stated Mr. Bibak.  “This acknowledgement is a testament to their commitment and value to our organization."

Kane Named Community Office Manager (January, 2016)

Michael J. Bibak, President & CEO of Clearfield Bank & Trust Company recently announced that James M. Kane has been named Pine Grove Mills Community Office Manager.  In this role, he will be responsible for promoting the banks sales and service culture while maintaining current account relationships, obtaining new business and providing total financial solutions to customers of the bank.  Mr. Kane started his financial services career in 2000, spending 9 years at PNC Bank as a Financial Sales Consultant and 4 years at Citizens Bank as a Senior Banker before joining Clearfield Bank & Trust.     

Mr. Bibak stated, “We are proud and honored to welcome Jim to the CBT family.  His experience and commitment to the clients he serves is a perfect fit.  With his talents and ability to make decisions, I encourage everyone to come and visit Jim in his new home here at CBT.” 

Mr. Kane is a graduate of Penn State University with a Bachelor of Science Degree in Marketing.  In addition, throughout his banking career he has received a Circle of Excellence Award as well as the Chairman’s Circle for Top in Sales award at PNC Bank.    

Mr. Kane’s community involvement includes volunteering at 4th Fest State College, 4H Flying Hooves and Special Olympics.  In addition, he is an avid contributor to the local Goodwill and Foodbank.   

Kane resides in Pine Grove Mills with his wife, Barbie, and two children. 

Wood Retires, Bibak Appointed CEO of CBT (January, 2016)

CBT Financial (“Company”) and its wholly owned subsidiary, Clearfield Bank & Trust (“Bank”), announces the retirement of William E. Wood as Chief Executive Officer of the Company and the Bank effective December 31, 2015. 

Mr. Wood will remain as Chairman of the Board of Directors of both the Company and the Bank.  He has served as Chairman, President and CEO since 1999 and has worked in the banking industry for over 40 years.  His vision, drive and commitment have enabled the Bank to achieve the goal of serving the local communities while remaining an independent Community Bank.  In 2003, he led the successful formation of the holding company, CBT Financial Corp, which helped position the Bank for future opportunities.  The Board of Directors, Officers and Employees wish him a well-deserved retirement. 

The Company also announces the appointment of Michael J. Bibak to President and Chief Executive Officer of the Company and the Bank, effective January 1, 2016.  Since March of 2015, Mr. Bibak has served as President of the Bank and he has worked closely with Mr. Wood on all issues affecting the Company’s and the Bank’s strategy and performance. 

Mr. Bibak came to the bank with over 29 years of diverse banking experience.  During his banking career, he has been highly involved with numerous civic and charitable organizations in leadership roles and was recently appointed to the Pennsylvania Bankers Association’s Advisory Committee for the PA Bankers School of Commercial Lending.  Mr. Bibak, and his wife, Erica, reside in Clearfield.