Share this article

Open for business
Find out the latest updates from local businesses as our region reopens.
print logo

CNB Financial CEO's total compensation increases 24 percent

The president and CEO of CNB Financial, Joseph B. Bower Jr., had total compensation of $1.6 million in 2018, up 24 percent from a year earlier.

CNB is the Pennsylvania-based parent of Bank on Buffalo. Bower received a salary of $572,000 last year, a 10 percent increase from 2017. The rest of his total compensation included restricted stock awards and change in pension value.

Bower's total compensation of $1.6 million was 39 times that of the median of the annual total compensation of all 558 of CNB's employees, according to a regulatory filing. The median indicates that half of the employees had total compensation higher than that amount –  $41,648 – and half had less.

Bank on Buffalo has four area branches and recently moved into a renovated regional headquarters in the Electric Tower.


Story topics: / / /

There are no comments - be the first to comment