CNB Community Bancorp, Inc. (OTCQX: CNBB) is rolling out another opportunity for its shareholders to cash in on their investment or increase their ownership stake, depending on which way they want to play it. This time around, the company is launching a tender offer to buy up to 75,000 shares of its own common stock at $44.09 per share. To put it in context, CNB Community Bancorp had a little over 2 million shares outstanding as of August 19, 2025, so the buyback could soak up about 3.6% of the shares currently in circulation.
The offer officially opened this week, and shareholders have until 5:00 p.m. Eastern Daylight Time on Wednesday, September 24, 2025, to decide if they want in. For anyone counting, this isn’t the first time CNB Community Bancorp has turned to a tender offer; the company did the same thing in 2024, arguing that buying back shares made sense for both the company and its shareholders. The logic is pretty simple: by repurchasing shares, the company rewards shareholders who want to sell, while making it so those who prefer to hang on will own a bigger slice of the company’s future profits and assets, without ever writing a check for more stock.
This year’s offer is set at $44.09 per share, a number that’s comfortably above the company’s average trading price for the first seven months of 2025. For shareholders, that means locking in a price that sidesteps the day-to-day swings of the market and avoids the usual transaction fees tied to an open market sale. The company is effectively offering liquidity on terms that look favorable compared to recent trading history.
Once the deadline hits, any tenders made can’t be changed, unless the company extends the offer. There’s no minimum number of shares that must be tendered, and the company will buy up to the full 75,000 shares if that many are offered up. Notably, if more than 75,000 shares are tendered, shareholders who own fewer than 100 shares will get priority, having all of their shares purchased without having to worry about partial or pro-rated purchases. Everyone else will see their tendered shares bought on a proportional basis, meaning some, but not necessarily all, of the shares they offered to sell will actually be purchased by the company. As for the payout, shareholders will get the full price in cash, with no interest, and those whose shares are not accepted will have them returned promptly and without any extra fees.
The whole process is being carried out with Innisfree M&A Incorporated as the information agent and Continental Stock Transfer and Trust Company as the depositary. Shareholders should be on the lookout in the mail for an Offer to Purchase and Letter of Transmittal. Those documents will carry all the detail about how the process works, the steps to participate, and the fine print on the terms.
The company isn’t giving shareholders any direct advice about whether to tender or not, and the same goes for the Board of Directors. The message is clear: shareholders are on their own when it comes to making a decision. Management is urging investors to weigh their options, talk to their own financial or tax advisors where needed, and take the time to understand the details before acting.
CNB Community Bancorp is a one-bank holding company, in operation since 2005, and the parent of County National Bank. Its subsidiary, County National Bank, was founded in 1934 and provides banking and trust services across southern Michigan. Headquartered in Hillsdale, Michigan, the group has built a reputation on local service, but this buyback move shows it’s also thinking strategically about its capital base and about serving shareholders in a flexible way.
Shareholders were advised that those that want more information or an extra copy of the offer documentation can ring up Innisfree M&A Incorporated at the phone numbers provided in the mailing or in the company’s latest announcements.Â
