PROGRESSIVE BANK

Progressive Bank, a financial institution with a history dating back to its establishment on March 4, 1911, originally operated under the name The Bank of Warwood. Over the years, the institution underwent several name changes and acquisitions, reflective of its growth and evolution in the banking industry. In 1974, it changed its name to The Bank of Warwood, National Association, and subsequently to First West Virginia Bank, National Association in 1984. Progressive Bank, National Association, was officially adopted as its name on November 15, 1995. The bank expanded its reach by acquiring various institutions, including Wellsburg Banking and Trust Company in Wellsburg, West Virginia, in 1993, and Progressive Bank, National Association in Bellaire, Ohio, in 1997. It further acquired Progressive Bank, National Association-Buckhannon in Buckhannon, West Virginia, in 2003. On April 30, 2018, Progressive Bank merged with Community Bank, based in Carmichaels, Pennsylvania, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

1911-03-04Institution established. Original name: The Bank of Warwood.

1970-01-01Changed Institution Name to The Bank of Warwood.

1970-01-01Changed Trust Powers to Full.

1974-01-02Institution becomes member of the Federal Reserve System.

1974-01-02Changed Chartering Agency to The Office of the Comptroller of the Currency.

1974-01-02Changed Institution Name to The Bank of Warwood, National Association.

1976-06-28Changed Institution Name to First West Virginia Bank, National Association - Warwood.

1984-06-30Changed Institution Name to First West Virginia Bank, National Association.

1984-06-30Acquired First West Virginia Bank, National Association - Community in Wheeling, WV.

1993-01-04Acquired Wellsburg Banking and Trust Company in Wellsburg, WV.

1995-11-15Changed Institution Name to Progressive Bank, National Association.

1997-08-22Acquired Progressive Bank, National Association-Bellaire in Bellaire, OH.

2003-06-27Acquired Progressive Bank, National Association-Buckhannon in Buckhannon, WV.

2018-04-30Merged and became part of Community Bank in Carmichaels, PA.