Rutter’s offers pumpkin items
Rutter’s is welcoming the fall season by adding a variety of pumpkin-flavored items to its beverage and Rutter’s customers can get pumpkin-flavored creamer and pumpkin-flavored syrup.
The Pennsylvania-based chain has also added to their handcrafted beverage options, including pumpkin-flavored lattes, frappes and cappuccinos. New this year, Rutter’s has launched a pumpkin pie milkshake, which uses pumpkin pie milk from Rutter’s Dairy.
CNB unveils Q3 figures
CNB Financial Corp., the parent company of CNB Bank, announced net income was $7.8 million, or 47 cents per diluted share, for the quarter ended Sept. 30, and $24.8 million, or $1.57 per diluted share, for the nine months ended Sept. 30, 2020. Income before provision expense and income taxes was $13.1 million and $42.4 million, for the three months and nine months ended Sept. 30 respectively.
On July 17, the corporation closed its acquisition of Bank of Akron,, whose franchise merged with and into CNB Bank and whose business operates as part of the BankOnBuffalo division. The transaction added about $319.1 million in loans and $419.5 million in deposits, including the estimated fair value adjustments, to the corporation’s balance sheet.
During the third quarter of 2020, the corporation also completed its public offering of 2,415,000 preferred stock depository shares, resulting in net proceeds of $57.8 million. The corporation intends to use the net proceeds from the offering for general corporate purposes, which may include working capital and the funding of organic growth or potential acquisitions.
CNB Financial Corp. conducts business primarily through its principal subsidiary, CNB Bank, whose operations include a private banking division, one loan production office, one drive-up office and 44 full-service offices in Pennsylvania, Ohio and New York.
JARI sets webinar
Tiffany Wetzel-Sturtz of Barnes of Saly & Co. will present “COVID 19: Employer Paid Leave Requirements and Tax Credits” during a JARI online Expertise Matters webinar at 10 a.m. Nov. 17.
Attendees will review the Families First Coronavirus Response Act, FMLA amendments, paid sick leave requirements and payroll tax credit for paid sick and family leave. Wetzel will also cover the Employee Retention Credit, how to claim these tax credits and what credits are available to self-employed individuals. The webinar is free. To register, visit www.jari.com and click on the calendar to access the registration link or contact Lauren Thompson at email@example.com.