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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.

 

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