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Bank News &
Community Commitment

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.

McGary Named Business Banking Officer (December, 2015)

William E. Wood, Chairman and CEO of Clearfield Bank and Trust Company announces that, Adam McGary has been promoted to Business Banking Officer.  In this position, Mr. McGary will be responsible for servicing the bank’s commercial customers as well as business development in the bank’s market area.  Adam started his financial services career at Clearfield Bank & Trust Company in 2006.  During his banking career at Clearfield Bank & Trust, he has held several positions including Teller, Loan Operator, Credit Specialist and most recently Credit Analyst. 

Adam is a high honors graduate of Curwensville Area High School. He earned a Bachelor Degree in Agricultural Business Management from Penn State University and continued his professional education by graduating with high honors from the Pennsylvania Bankers Association School of Commercial Lending.

Mr. McGary is a member of the West Branch Society of Friends Church where he serves as Trustee and Superintendent.  He is an Auditor for the Clearfield Area United Way and is a volunteer coach for the Curwensville Little League.   Adam resides in Grampian with his wife, Justine, and their three children.     

CBT Employees Hold Coat Drive (December, 2015)

For the past several weeks, family, friends, neighbors and employees of Clearfield Bank & Trust have been dropping off winter items at Clearfield Bank & Trust locations in support of the "Warming our Communities Coat Drive".  New and gently worn coats, hats, gloves and scarves were dropped off at our Clearfield County locations.  CBT employees and Coat Drive Organizers, Brittany McIlvaine and Leann Lawhead, recently dropped off items collected to Salvation Army Captain, Helen Johnson.

Donation Made to Children's Giving Tree (November, 2015)


Clearfield Bank & Trust recently made a $2,000 donation to CenClear Child Services to support the Children's Giving Tree Project.   The Giving Tree was created over eighteen years ago in order to support children and families during the holiday season.  Through this project, CenClear can provide children with toys, winter coats, boots, hats, socks, books and much more.

Jim Richtscheit, Philipsburg Community Office Manager, presents the check to CenClear Chief Executive Officer, Pauline Raab.

Donation Made to CCCF Basic Needs Fund (November, 2015)

Clearfield Bank & Trust recently made a $2,000 donation to the Clearfield County Charitable Foundation Basic Needs Fund.

The Basic Needs Fund provides assistance to food banks county-wide and other charitable groups that provide assistance to the truly needy.

Pictured are Clearfield Bank & Trust President, Mike Bibak; CCCF Board Member, Nancy Micks; and Clearfield Bank & Trust Senior Vice President & Trust and Investment Division Manager, Dennis Hampton.

 

 

 

Poulos Promoted to Assistant Vice President (November, 2015)

William E. Wood, Chairman & CEO of Clearfield Bank & Trust Company, announced that Nick T. Poulos has been promoted to Assistant Vice President of CBT Financial & Trust Management, a division of Clearfield Bank & Trust.  In addition to Assistant Vice President, Mr. Poulos is also a Financial Advisor, registered through Sorrento Pacific Financial, LLC*.  Nick has been in the financial services industry since 1990, and started his career with Clearfield Bank & Trust in 2001.  Mr. Poulos holds the Chartered Financial Consultant (ChFC®) designation, which is a college level designation that is issued by The American College.  Nick is an honors graduate of the Pennsylvania Bankers Association School of Trust, Investments and Relationship Management at Bucknell University.  He also holds the Life Underwriting Training Council Fellow (LUTCF) designation, designed to help further prepare financial professionals to further the understanding and use of various insurance products.  The designation is issued jointly by the American College and the National Association of Insurance and Financial Advisors (NAIFA).

Nick achieved and currently holds both the General Securities (FINRA Series 7) and Registered Investment Advisor (FINRA Series 65) licenses.

Nick is a current member of the Board of Directors for the DuBois Area YMCA and a lifelong resident of DuBois where he resides with his two sons.  

*Non-deposit investment products and services are offered through Sorrento Pacific Financial, LLC (“SPF”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor.  Products offered through SPF: are not FDIC or otherwise federally insured, are not a deposit or guarantee of the bank, and may involve investment risk including possible loss of principal.  Investment Representatives are registered through SPF.  The bank has contracted with SPF to make non-deposit investment products and services available to bank clients.  

Clearfield Bank and Trust Company, a wholly owned subsidiary of CBT Financial Corp, headquartered in Clearfield, PA, operates 12 community offices throughout Blair, Centre, Clearfield and Huntingdon Counties.  For consumers and businesses, the Bank provides a variety of deposit accounts, affordable loans, online banking and trust services.

 

Border Promoted to Assistant Vice President (Novemeber, 2015)

William E. Wood, Chairman & CEO of Clearfield Bank & Trust Company, announced that Derek “Bo” Border has been promoted to Assistant Vice President of CBT Financial & Trust Management, a division of Clearfield Bank & Trust.  In addition to Assistant Vice President, Mr. Border is also a Financial Advisor, registered with Sorrento Pacific Financial, LLC*.  Bo has been practicing as a Financial Advisor since 2007, and started his career with Clearfield Bank & Trust in 2009.

Mr. Border is a graduate of Huntingdon Area High School and obtained a Bachelor’s Degree in Accounting from Saint Francis University.  He is Insurance Licensed and currently holds the General Securities (FINRA Series 7) and Registered Investment Advisor (FINRA Series 65) licenses.  In addition, he was previously named one of the PA Business Central Foremost Under 40.  

Bo is currently an Assistant Football Coach for the Mount Union Trojan Football Team.  He resides in Huntingdon with his wife, Mary and their three children. 

*Non-deposit investment products and services are offered through Sorrento Pacific Financial, LLC (“SPF”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through SPF: are not FDIC or otherwise federally insured, are not a deposit or guarantee of the bank, and may involve investment risk including possible loss of principal.  Investment Representatives are registered through SPF.  The bank has contracted with SPF to make on-deposit investment products and services available to bank clients. 

Clearfield Bank and Trust Company, a wholly owned subsidiary of CBT Financial Corp, headquartered in Clearfield, PA, operates 12 community offices throughout Blair, Centre, Clearfield and Huntingdon Counties.  For consumers and businesses, the Bank provides a variety of deposit accounts, affordable loans, online banking and trust services.

Harvest Giving (November, 2015)

Clearfield Bank & Trust recently made two "Harvest Giving" donations to the Clearfield Area Food Bank.  A monetary donation of $1,000 was presented to the Food Bank in addition to a donation of food items.  The employees at our Clearfield and Curwensville Office locations held a food collection drive and donated 200 items to the Food Bank. 

 

Pictured accepting the donations from Clearfield Bank & Trust employees is Robin Clark of the Clearfield Area Food Bank.

 

 

 

 

 

National Coffee Day Celebrated (September 29, 2015)

Clearfield Bank & Trust sponsored a "Coffee On Us" event on September 29th for National Coffee Day. 

The event had participation from 17 different establishments.  During the event, 31 bank employees helped serve coffee to patrons at restaurants throughout our market area. 

The Bank provided 578 cups of coffee in CBT mugs during the "Coffee On Us" event. 

Here are just some of the photos taken throughout the day.

We want to thank the establishments that hosted the event at their locations.

 

 

Abby's Bello's Denny's Beer Barrel Pub
Donnas Restaurant DuBois Diner Ethan's Cafe
Express Cafe Mamie's Moena's
Myers Gas Station Old Town Road Dairy Philipsburg Elks
Spanky's Cafe Strawberry Tree Traditions
Uptown Video Williamsburg OIP  

 

CBT donates $13,500 to Clearfield EMS (October, 2015)

Clearfield Bank & Trust donated $13,500 to the Clearfield EMS for the purchase of a new LUCAS automated CPR device.  From left, Clearfield EMS Executive Director, Terry Wigfield; Clearfield Bank & Trust President, Mike Bibak; Clearfield EMS Vice President, James Gray; Clearfield EMS board member, Gary Shugarts and Clearfield Bank & Trust Community Office Manager, Kathy Jacobson.

The LUCAS check compression system is a battery-powered automatic CRP machine that can perform 100 chest compressions per minute.  "This is one of the most important purchases we have ever made, it's going to make a tremendous impact.  The equipment has a proven track record of improving survivability of cardiac arrest patients.  With manual CPR, the survival rate is 31 percent.  This increases to 62 to 93 percent when an automated system is used",  stated Clearfield EMS Executive Director, Terry Wigfield.  According to Wigfield,  Clearfield EMS and State College EMS are the first ambulance companies in the region to have the equipment.

Clearfield Bank & Trust President, Mike Bibak stated, "it was an easy decision when the ambulance company came to us asking for assistance in purchasing the machines.  We were happy to be able to do it.  Of all the donations we have made to the community, this by far has had the most impact."

Wigfield said the ambulance company has a total of three LUCAS machines, which are installed in the first three ambulances that respond to emergencies, and said they are considering the purchase of additional machines for its remaining two ambulances.

 

Donation Made to Curwensville Borough Police (October, 2015)

Clearfield Bank & Trust recently made a $1,000 donation to the Curwensville Borough Police.  The donation was made to assist with the departments Community Protecting Solutions.  The funds will be used to purchase equipment that will be installed in the police vehicles.  The equipment utilizes dedicated computer hardware and software to help officers monitor, in real-time, those who choose to put others at risk.  With the new equipment, important data will be readily available at the officers fingertips, saving them valuable time and resources.  Debbie Bowser, Clearfield Bank & Trust Community Office Manager presented the check to Curwensville Police Chief, David Johnston and Curwensville Mayor, Tom Carfley.

CBT Receives Honorarium Plaque (October, 2015)

Clearfield Bank & Trust received an Honorarium Plaque as a thank you for their Mezzanine Level donation to the Downtown DuBois Revitalization Sustainability Campaign.  The plaque has been installed at the DuBois Volunteer Fire Department Mural which is located at the Clark-Murray Building on Long Avenue, DuBois.  Shown are Clearfield Bank & Trust President, Mike Bibak and DiBois Community Office Manager, Pam Walsh, along with Mary Jo Hughes from the Downtown DuBois Revitalization Group.

LHU Clearfield Campus Fall Convocation (September, 2015)

Lock Haven University, Clearfield Campus held it's fall Convocation ceremony on September 15th.  Convocation Ceremony is held to celebrate the new academic year that includes guest speakers and recognition of the Clearfield Campus Scholarship Recipients.  Pictured with the Scholarship Recipients are LHU Clearfield Campus faculty, guest speakers and presenters.    Clearfield Bank & Trust President, Mike Bibak, attended the event and presented a scholarship from the Bank.

Contribution Made To Soccer Association (September, 2015)

Clearfield Bank & Trust Company President, Mike Bibak, recently presented a $15,000 contribution to the Clearfield Soccer Association.  Receiving the contribution are Soccer Association Representatives Andy Spencer, Lisa Soult and Alan Walker.  Clearfield Bank & Trust Company is pledging $3,000 per year for five years to assist with the upgrades to the soccer complex.

Bibak stated " We are honored to be able to support the Clearfield Soccer Association.  This donation is made not only in support of the countless children positively impacted by the association, but also in support of the economic stimulus the improvements to the field will generate throughout our Clearfield community."

The association is currently in the process of trying to raise $160,000 to receive a matching state grant of $160,000.  Modernization improvements planned for the complex include: paving the access road to the complex, running electric power back to the field house, connecting to the township septic system, erecting a storage building and picnic pavilion and developing further playing fields.

Association President, Bob Aleksivich, added "The CSA greatly appreciates the support of Clearfield Bank & Trust as we take these next steps towards providing our area youth with the best possible facilities to train and play the game of soccer."

 

Academic Scholarship Winners Announced (July, 2015)

Clearfield Bank & Trust Company congratulates the recipients of the Clearfield Bank & Trust Company's 2015 Academic Scholarship.


Catlin Cesa 
DuBois High School 


Johnna Fitzhugh
Tussy Mountain High School 


Michael Fleming
Curwensville Area High School


Sadie Hubler 
Clearfield Area Junior Senior High School


Wyatt Inlow
Philipsburg-Osceola Area High School


Madison Kovalick 
West Branch High School 


Skyler Krise 
West Branch High School 


Hannah Taylor 
Mount Union Area High School 

 

The Academic Scholarship was designed to honor eight local high school students who have shown dedication to excellence.

For their hard work and dedication they were each awarded a $1,000 scholarship. Clearfield Bank & Trust extends a thank you to all those who participated in the Academic Scholarship Program and wish the best of luck to the Class of 2015.

Tools For School Donation Made (June, 2015)

Sharon Harford, Captain of the Clearfield Salvation Army, accepts a $1,000 donation from Clearfield Bank & Trust Company representative, Kathy Jacobson, Asst. Vice President & Community Office Manager.   The Salvation Army will be purchasing backpacks and filling them with supplies for their upcoming “Tools for School.”  The backpacks will be offered as a way to help families in need provide necessary back-to-school items for their school aged children.   

Area Banker Appointed to Statewide Committee (June, 2015)

Mike Bibak, President of Clearfield Bank & Trust, has been appointed to the Pennsylvania Bankers Association’s Advisory Committee for the PA Bankers School of Commercial Lending.  The Committee is responsible for reviewing the operational aspects of the school and evaluating school curriculum to insure it is relevant and meets PA Bankers member banks’ educational needs.  The weeklong school attracts bankers from across the state and is conducted annually at Penn Stater Conference Center, State College, PA.  Curriculum includes “hands-on” training, particularly in the areas of credit and financial analysis.

Bibak will serve a 3 year term starting July 1, 2015.  Mr. Bibak has 28 years of diverse banking experience and joined Clearfield Bank & Trust in February, 2015. There, he is responsible for strategically directing the Bank in growth of assets, deposits, net income, stockholder’s equity and franchise development.   

He holds a Bachelor of Science in Business Administration from the University of Scranton and is a graduate of the Pennsylvania Banker’s Association Executive Leadership program.

The Pennsylvania Bankers Association, located in Harrisburg, is the state’s leading banking trade association representing an expansive and diverse membership.  The Association offers extensive continuing education programs, government relations representation on behalf of the industry, and provides numerous products and services for banks and their employees.  

Donation Made to Feeding Hungry Families (June, 2015)

Clearfield Bank & Trust recently made a $2,500 to the Huntingdon Salvation Army Feeding Hungry Families Campaign.  Presenting the check to Salvation Army Representative, Envoy Charity Bender, is Assistant Vice President & Huntingdon Community Office Manager, Jackie Confer.

Jim Richtscheit Named Community Office Manager (May, 2015)

William E. Wood, Chairman and CEO of Clearfield Bank & Trust Company announced recently the promotion of Jim Richtscheit, to Philipsburg Community Office Manager.  In his new 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. Richtscheit started his financial services career in 2000 and started as a Collector with Clearfield Bank & Trust in 2012.

Mr. Richtscheit is a graduate of Philipsburg-Osceola High School and received a BA degree in Liberal Arts and Science from Penn State University.  In addition, he has earned an AIB Customer Service Representative Certificate.    

Mr. Richtscheit’s community involvement includes, Relay For Life of the Moshannon Valley where he has volunteered since 2009 and has served in various positions; Treasurer and Committee Member of the National Wild Turkey Federation Central PA Limbhangers;  Life Member of the Penn State Alumni Association; and Member of the Sons of the American Legion and Slovak Club.   

Mr. Richtscheit resides in Osceola Mills with his wife, Stefanie and son Jimmy. 

 

Donation made to DuBois YMCA Capital Campaign (March, 2015)

 

Clearfield Bank & Trust recently made a $10,000 donation to the DuBois Area YMCA for the 2015 Capital Campaign.  Pictured presenting the check to Daniel Dowling, CEO of the DuBois YMCA is DuBois Community Office Manger, Pam Walsh. 

Area V Junior Wrestling Program Recognition (March, 2015)

Area V of the Pennsylvania Junior Wrestling Program conducted their Area V finals at Clarion recently and recognized Clearfield Bank & Trust for its past financial contributions and support of the Area V Junior Wrestling Program.  Clearfield Bank & Trust has supported the Area V in all of the years the finals have been in Clarion.  Bob Peters, Area V chairman, presented a plaque to recognize the efforts of Clearfield Bank & Trust to Kathy Jacobson, Assistant Vice President and Community Office Manger.   

Ogden named Executive Vice President of Clearfield Bank & Trust Company (March, 2015)


The Board of Directors announces the promotion of Richard W. Ogden to Executive Vice President and Chief Financial Officer and Treasurer of Clearfield Bank & Trust Company.  Rick has over thirty-three years of community banking experience at Clearfield Bank & Trust Company including the last eighteen as a member of Senior Management.  In his tenure with the bank Rick has held positions beginning with Accountant in 1981 to his current position of Senior Vice President, Chief Financial Officer and Treasurer.

 

He earned a Bachelor of Science degree in Accounting from Penn State University and is a graduate of the American Bankers Association Graduate School of Bank Investments and Funds Management as well as the Bank Administration Institute (BAI) Controllership Program.

 

Mr. Ogden has been actively involved in the community as Vice Chairperson of the Clearfield Foundation; a team member of Clearfield Vision 2020; a board member of the DuBois Education Foundation; a member of the Hyde Wesleyan Church and the Secretary/Treasurer of the Lawrence Township Wolf Run Authority.

 

Mr. Wood, Chairman and CEO stated: “Rick has been a long term employee and a valuable asset to the Bank.  His contributions, experience and dedication are deserving of this recognition and promotion.”

 

He and his wife Vickie reside in Clearfield, PA.  They have two adult children, Corey and Cammeron.

Bibak named President of Clearfield Bank & Trust Company (February, 2015)

The Board of Directors has appointed Michael J. Bibak as President of Clearfield Bank and Trust Company.  Mr. Bibak is a senior level banking professional with 26 years of diverse banking experience.  Mike has experience at both large and small community banks and regional banks.  He is a Scranton native and earned a Bachelor of Science in Business Administration from the University of Scranton in 1987 and is a graduate of the Pennsylvania Banker’s Association Executive Leadership program.  

Mike has extensive experience in all areas of banking with functional duties in asset liability management, strategic planning, retail and commercial lending.  During his banking career, Mike has been highly involved with numerous civic and charitable organizations in leadership roles and is a board member of the Pennsylvania Bankers Association.

 

Mr. Wood, Chairman & CEO stated: “We are extremely pleased to bring someone with Mike’s qualifications to Clearfield Bank and Trust Co.  His overall banking knowledge and training will be an asset to the organization.”

 

He and his wife Erica will be moving to the Clearfield area.

Donation made to CHORE Program (February, 2015)

Pictured are Kathy Jacobson, CB&T Assistant Vice President and Community Office Manager; Stacy LoCastro, CPCA Executive Director; and Judy Mitchell, CB&T Senior Vice President and Chief Operating Officer.

 

 

Central Pennsylvania Community Action Inc. (CPCA) has again been awarded the CHORE program funding through the Affordable Housing Fund grant through the Clearfield County Planning & Community Development office and the Clearfield County Commissioners.

This program offers assistance to homeowner households under 250 percent of the Federal Poverty Guidelines with minor home improvements to ameliorate safety hazards and ensure residents of Clearfield County can stay in their homes.

Repairs may include, but are not limited to, building a wheelchair ramp, installing bathroom grab bars, replacing a hot water heater, replacing a broken refrigerator, etc.

The CPCA has been awarded $15,000 from the county. Clearfield Bank & Trust (CB&T) has provided a match of $15,000 for the project and CNB has provided $1,500. Projects through the CHORE program are limited to $1,500 each.

With a grant of $31,500, CPCA’s goal is to make repairs to a minimum of 18 homes at a maximum amount allotted to each home at $1,500.

If projects are less than $1,500, more projects can be completed. CPCA’s goal is to assist approximately 24 homes. Through these efforts, CPCA expects to serve approximately 48 individuals.

With last year’s funding and total funding of $30,000 (with match funding from CB&T and CNB), CPCA served 37 homes and 89 individuals, due to lower project levels. The CPCA hopes the same will occur again this year.

The program will open once the contract process is complete with the county, which should conclude in the next few weeks. For more information, please contact CPCA at 814-765-1551.

Wood Appointed to Advisory Council (January, 2015)

 

 

 

 

 

 

 

 

 

 
The Federal Reserve Bank of Philadelphia today announced the appointment of William Wood, chairman, president, and CEO of CBT Financial Corporation and Clearfield Bank & Trust Company, to its Community Depository Institutions Advisory Council (CDIAC). He will serve a three-year term beginning in March 2015.

The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. The council convenes twice a year with officials from the Federal Reserve Bank of Philadelphia to share insights about economic and business trends facing community depository institutions in their local markets. After each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Federal Reserve Board of Governors in Washington, D.C.

Wood has been the chairman, president, and CEO of CBT Financial Corporation and Clearfield Bank & Trust Company since 1999. He is also the director of Penn Highlands Healthcare and past chair of the audit committee. Wood serves as the major gifts campaign chair for the Clearfield Area United Way, as well as director and officer of the Pennsylvania Association of
Community Bankers.

Wood has an M.B.A. in finance from Saint Francis University and a bachelor's degree in economics from Robert Morris University. He also has an advanced banking degree from the Stonier Graduate School of Banking at the University of Delaware.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

Students Complete EverFi Program (January, 2015)

Students in Mr. Rodney Thompson’s Accounting I class at DuBois Area High School recently completed a nine-week financial literacy program sponsored by Clearfield Bank & Trust and EverFi. Upon completion of the EverFi modules, students are able to understand finances on many different levels including banking, insurance, buying a car, renting an apartment, owning a home, applying for college, credit scores, taxes, and investments. The students were presented certificates for completing the program by Thompson, Pamela Walsh of Clearfield Bank & Trust and DASD Curriculum Director Anne Young. Shown, from row, from left are Walsh, Derek Fish, Savannah Gwizdala, Kaycee Vanchure, Madison Brooks, Keaton Maines, Gavin Goodier, Joey Sawey, Brianna Yanulittis, Jacqueline Spenard, Bethany Zaffuto, Haley McAninch, Brittany Newell, Adam Horner and Thompson. Second row, from left, are Dalton Kruzelak, Seth Braid, Cassie Folmar, Lizzie French, Hailey Vaughan, Molly Mazzaferro, Marissa Dunlap, Shadi Hassan, Justin Reed, Austin Shaffer-Doan, Ryan Mitskavich, Jake Shugar, and Jeremy Ayrault. Back row, from left, are Daniel Grassi, Naomi Webster, Tyler Schweiger, Morgan Henry, Sarah Snyder, Gretchin Lines, Molly Nosker, Cole Meighen, Keara Snead-Webster, Jesse Nissel, Braden Haag, Nick Cotter, Peter Foradora and Michael Ricksgers.

   

Donation made to Susquehanna Rural Free Clinic (January, 2015)

Clearfield Bank & Trust recently made a $1,000 donation to the Susquehanna Rural Free Clinic.  Presenting the check to Sr. Karen Willenbring is Assistant Vice President and Bridge Street Community Office Manager, Michele Fannin. 

Donation Made to Living Bread Ministries (January, 2015)

Kelly Frye from Living Bread Ministries accepts a $500 donation from Kathy Jacobson, Assistant Vice President & Main Office Community Manager.   Living Bread Ministries operates strictly through volunteers from the community, who provide their time and efforts to offer a Food Pantry, Free Meal Program and a Children's Program to our community.   

 

$1,000 Donation Made To Huntingdon Area Habitat For Humanity (January, 2015)

Clearfield Bank & Trust recently made a $1,000 donation to the Huntingdon Area Habitat for Humanity. 
Accepting the check from Jackie Confer, Assistant Vice President & Huntingdon Community Office Manager, is Biff Houldin, Huntingdon Area Habitat for Humanity Representative. 

 

Donations Totaling $9,000 Made to Local Food Pantries (January, 2015)

Clearfield Bank and Trust has donated $1,000 to nine different local food banks, throughout the counties we serve, in our continuing efforts to help people in need. These food banks provide food and other basic necessities to low and moderate income families and individuals.

Pictured accepting donations for both Clearfield & Curwensville Food Pantries is Robin Clark. Presenting the checks are Kathy Jacobson, Assistant Vice President & Main Community Office Manager (top photo) and Debbie Bowser, Assistant Vice President & Curwensville Community Office Manager (bottom photo).

Bag-A-Buck Contest Winners Accounced (January, 2015)

Clearfield Bank & Trust recently conducted a Bag-a-Buck promotion in which they gave away prizes to two lucky winners.

Pictured is Jodie Jackson of Huntingdon who was the winner of the $250 Gift Card from Raystown Guns and Outdoors. Presenting Mrs. Jackson with the gift certificate is Vice President & Regional Bank Manager, Robb Ritchey.

 

 

Pictured is Martha Tozer of Curwensville who was the winner of $250 Gift Certificate from Bob’s Army & Navy.  Presenting Mrs. Tozer with the certificate is Assistant Vice President & Curwensville Community Office Manager, Debbie Bowser.

Local Financial Services Professional Earns National Certification (January, 2015)

 

William E. Wood, Chairman, President and CEO of Clearfield Bank & Trust Company, announces that William A. Shiner, was recently awarded the Certified Regulatory Compliance Manager (CRCM) designation from the Institute of Certified Bankers (ICB), a subsidiary of the American Bankers Association, in Washington, DC. 

Mr. Shiner currently holds the title of Chief Risk Officer as well as Senior Vice President and Secretary for Clearfield Bank & Trust as well as Secretary for CBT Financial Corp.  and Diamond Financial Services.  Mr. Shiner is responsible for the Bank's enterprise risk management program ensuring compliance with laws, regulations and internal policies and procedures.

In addition to the CRCM designation, Mr. Shiner is a graduate of the PBA School of Banking; BAI School of Bank Administration, Community Banking Curriculum; ABA National Compliance School and Professional Bank Services BSA/AML Compliance School.   

The CRCM designation is awarded to individuals who demonstrate excellence in the field of bank regulatory compliance.  To qualify for the CRCM certification, individuals must have certain levels of experience and education in the compliance profession, pass an exam and agree to abide by a code of ethics.  The CRCM exam covers regulatory requirements as they relate to credit, deposits/securities, safety and soundness, information reporting and corporate responsibility. 

Financial services professionals, working through the Institute of Certified Bankers, initiated the CRCM designation and eight others in order to establish meaningful standards of knowledge in specialty areas of the financial services industry.  ICB certifications formally recognize those who meet these standards and meet professional continuing education and development requirements.

Clearfield Bank and Trust Company, a wholly owned subsidiary of CBT Financial Corp, headquartered in Clearfield, PA, operates 12 community offices throughout Blair, Centre, Clearfield and Huntingdon Counties.  For consumers and businesses, the Bank provides a variety of deposit accounts, affordable loans, online banking and trust services.

 

2014 Bank News