CB Financial Services, Inc. And FedFirst Financial Corporation Announce Receipt Of Regulatory Approvals For Pending Merger

CARMICHAELS, Pa. and MONESSEN, Pa., Sept. 15, 2014 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. ("CB") (OTCQB:CBFV), the Carmichaels-based holding company for Community Bank, and FedFirst Financial Corporation ("FedFirst") (Nasdaq:FFCO), the Monessen-based holding company for First Federal Savings Bank, announced today that they have received approval from both the Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities to complete the pending merger of their subsidiary banks, which, when completed, will result in First Federal Savings Bank merging with and into Community Bank. CB has filed a waiver request with the Federal Reserve Board requesting that it waive its application requirements with respect to the proposed merger of FedFirst with and into CB. Action on the waiver request is pending.

FedFirst's stockholders are scheduled to vote on the proposed transaction at a special meeting of stockholders on September 26, 2014. Subject to the receipt of their approval and the waiver from the Federal Reserve Board and the satisfaction of other closing conditions, the transaction is expected to be completed on or about October 31, 2014.

Additional Information About the Merger and Where to Find It

CB Financial Services, Inc. has filed a registration statement with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended. The registration statement includes a proxy statement/prospectus and other relevant documents in connection with the proposed merger. FEDFIRST STOCKHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION.

The proxy statement/prospectus and other relevant materials filed with the SEC may be obtained free of charge at the SEC's website ( www.sec.gov).  In addition, investors and security holders may obtain free copies of the documents CB files with the SEC by contacting Barron P. "Pat" McCune, Jr., CB Financial Services, Inc., 90 West Chestnut Street, Suite 100, Washington, PA 15301 and free copies of the documents FedFirst files with the SEC by contacting Patrick G. O'Brien, FedFirst Financial Corporation, 565 Donner Street, Monessen, PA 15062.

FedFirst and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from FedFirst stockholders in connection with the proposed merger.  Information concerning such participants' ownership of shares of FedFirst common stock is set forth in the definitive proxy statement/prospectus filed with the SEC on August 18, 2014.

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