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    <div style="text-align: right; font-weight: bold;">Registration No. ___-_________</div>
    <div style="text-align: right; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt;">As filed with the Securities and Exchange Commission on June 24, 2021</font></div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">____________________</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">REGISTRATION STATEMENT</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNDERTHE SECURITIES ACT OF 1933</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CB Financial Services, Inc.</div>
    <div style="text-align: center; font-size: 8pt;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="ze9bcf97e289f4e3a9e32eb5fba697086">

        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Pennsylvania</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">51-0534721</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center; font-size: 8pt;">(State or Other Jurisdiction of</div>
            <div style="text-align: center; font-size: 8pt;">Incorporation or Organization)</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center; font-size: 8pt;">(I.R.S. Employer Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">100 N. Market Street</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Carmichaels, Pennsylvania 15320</div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-size: 8pt;">(Address of Principal Executive Offices)</font><font style="font-weight: bold;"></font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">CB Financial Services, Inc. 2021 Equity Incentive Plan</font></div>
    <div style="text-align: center; font-size: 8pt;">(Full Title of the Plan)</div>
    <div style="text-align: center; font-size: 8pt;"> <br>
    </div>
    <div style="text-align: center;">Copies to:</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="ze018a0ecea9145b5bf4c6d4c2af5ceb5">

        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">John H. Montgomery</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">Victor L. Cangelosi, Esq.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">President and Chief Executive Officer</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">Jeffrey M. Cardone, Esq.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">CB Financial Services, Inc.</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">Luse Gorman, PC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">100 N. Market Street</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">5335 Wisconsin Ave., N.W., Suite 780</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">Carmichaels, Pennsylvania 15320</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">Washington, DC 20015-2035</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">(724) 966-5041</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">(202) 274-2000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">(Name, Address and Telephone</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">
            <div style="text-align: center;">Number of Agent for Service)</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 47.34%; vertical-align: top;">&#160;</td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div>
      <div>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated
        filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;):</div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z9a1be14a51184ef7a389aa2b8f8a6014">

        <tr>
          <td style="width: 66.25%; vertical-align: top;">
            <div>Large accelerated filer&#160;&#9723;</div>
          </td>
          <td style="width: 33.75%; vertical-align: top;">
            <div>Accelerated filer&#160;&#9723;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 66.25%; vertical-align: top;">
            <div>Non-accelerated filer&#160;&#8999;&#160;&#160;</div>
          </td>
          <td style="width: 33.75%; vertical-align: top;">
            <div>Smaller reporting company&#160;&#8999;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 66.25%; vertical-align: top;">
            <div>Emerging growth company&#160;&#9723;</div>
          </td>
          <td style="width: 33.75%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div>
      <div><br>
      </div>
      <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
        Securities Act.&#160;&#9723;</div>
      <div>&#160;</div>
    </div>
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    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">CALCULATION OF REGISTRATION FEE</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z1ddbdb0a104e4823a09537d106b01f28">

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          <td style="width: 22.12%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Title of</div>
            <div style="text-align: center;">Securities</div>
            <div style="text-align: center;">to be</div>
            <div style="text-align: center;">Registered</div>
          </td>
          <td style="width: 18.27%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Amount</div>
            <div style="text-align: center;">to be</div>
            <div style="text-align: center;">Registered <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td style="width: 19.62%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Proposed</div>
            <div style="text-align: center;">Maximum</div>
            <div style="text-align: center;">Offering Price</div>
            <div style="text-align: center;">Per Share</div>
          </td>
          <td style="width: 21.43%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Proposed</div>
            <div style="text-align: center;">Maximum</div>
            <div style="text-align: center;">Aggregate</div>
            <div style="text-align: center;">Offering Price</div>
          </td>
          <td style="width: 18.56%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Amount of</div>
            <div style="text-align: center;">Registration</div>
            <div style="text-align: center;">Fee</div>
          </td>
        </tr>
        <tr>
          <td style="width: 22.12%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div>Common stock, no par value per share</div>
          </td>
          <td style="width: 18.27%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">500,000</div>
          </td>
          <td style="width: 19.62%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$22.11<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td style="width: 21.43%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$11,055,000</div>
          </td>
          <td style="width: 18.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$1,207</div>
          </td>
        </tr>

    </table>
    <div>_________________________</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z95e8a5f3a2544944ac769d1cc5e8e095">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right;">(1)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Together with an indeterminate number of additional shares that may be necessary to adjust the number of shares reserved for issuance pursuant to the CB Financial Services, Inc. 2021 Equity Incentive Plan (the &#8220;Plan&#8221;) as a result of a
              stock split, stock dividend or similar adjustment of the outstanding common stock of CB Financial Services, Inc. (the &#8220;Company&#8221;) pursuant to 17 C.F.R. Section&#160;230.416(a) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z23af96d1e9be47518c25ebe60dc0a8c7">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right;">(2)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Determined pursuant to 17 C.F.R. Section 230.457(h)(1) of the Securities Act.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt;">________________________</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">This Registration Statement shall become effective upon filing in accordance with Section 8(a) of the Securities Act of 1933 and 17 C.F.R. &#167; 230.462.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
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    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">PART I.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Items 1 and 2.&#160; Plan Information and Registrant Information and Employee Plan Annual Information</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The documents containing the information specified in Part I of Form S-8 have been or will be sent or given to participants in the Plan as specified by Rule 428(b) promulgated by
      the Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Such documents are not being filed with the Commission, but constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of
      Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">PART II.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 3.&#160; Incorporation of Documents by Reference</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The following documents previously filed by the Company with the Commission under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), are incorporated herein by
      reference (other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of Form&#160;8-K,&#160;unless otherwise indicated therein, including any exhibits included with such Items):</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(1)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The Company&#8217;s Annual Report on Form 10-K for the fiscal year
      ended December 31, 2020 (File No. 001-36706), filed with the Commission on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000019/cbfv-20201231.htm">March 17, 2021</a>;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(2)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The information specifically incorporated by reference into
      the Company&#8217;s Annual Report on Form 10-K for the year ended December&#160; 31, 2020 from the Company&#8217;s definitive proxy statement on Schedule 14A, filed with the Commission on <a href="https://www.sec.gov/Archives/edgar/data/0001605301/000160530121000025/proxystatement2021annualme.htm">April 9, 2021</a>;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(3)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The Company&#8217;s Quarterly Report on Form&#160;10-Q&#160;for the quarter
      ended March&#160;31, 2021 (File No. 001-36706), filed with the Commission on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000030/cbfv-20210331.htm">May 10, 2021</a>;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">(4)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The Company&#8217;s Current Reports on Form 8-K filed on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000002/cbfv-20210128.htm">January 29, 2021</a> (filed portion only), <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000007/cbfv-20210129.htm">February 3, 2021</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000012/cbfv-20210217.htm">February 22,
        2021</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000016/cbfv-20210223.htm">February 23, 2021</a> (filed portion only), <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000027/cbfv-20210504.htm">May 4, 2021</a> (filed portion only), <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000032/cbfv-20210519.htm">May
        19, 2021</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000035/cbfv-20210524.htm">May 27, 2021</a> (filed portion only), <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000039/cbfv-20210610.htm">June 10, 2021</a> and <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000041/cbfv-20210610.htm">June 10, 2021</a>;
      and</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(5)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The description of the Company&#8217;s common stock contained in the
      Registration Statement on Form S-4 originally filed with the Commission on <a href="https://www.sec.gov/Archives/edgar/data/0001605301/000119312514236306/d738892ds4.htm">June 13, 2014</a>, as amended and declared effective on <a href="https://www.sec.gov/Archives/edgar/data/0001605301/999999999514002440/xslEFFECTX01/primary_doc.xml">August 8, 2014</a> (File No. 333-196749), as updated by the description of our common stock contained in Exhibit 4.2 to the Form 10-K for the
      fiscal year ended December 31, 2020 (File No. 001-36706), filed with the Commission on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001605301/000160530121000019/cbfv-20201231.htm">March 17, 2021</a>, and including any subsequent
      amendments or reports filed for the purpose of updating such description.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the date hereof, and prior to the
      filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to
      be a part thereof from the date of the filing of such documents.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Any statement contained in the documents incorporated, or deemed to be incorporated, by reference herein or therein shall be deemed to be modified or superseded for purposes of
      this Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein or therein modifies or
      supersedes such statement.&#160; Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement and the prospectus.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">All information appearing in this Registration Statement and the prospectus is qualified in its entirety by the detailed information, including financial statements, appearing in
      the documents incorporated herein or therein by reference.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
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    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 4.&#160;&#160;Description of Securities</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Not applicable.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 5.&#160;&#160;Interests of Named Experts and Counsel</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">None.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 6.&#160;&#160;Indemnification of Directors and Officers</div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Subchapter B of Chapter 17 of the Pennsylvania Business Corporation Law (&#8220;PBCL&#8221;) permits a Pennsylvania corporation to limit the personal liability of its directors for monetary damages, subject to
        the limitations and conditions described in Subchapter B.&#160;&#160;Subchapter D of Chapter 17 of the PBCL provides for indemnification of any person who is or was a representative of a Pennsylvania corporation and specifically empowers the corporation to
        indemnify, subject to the limitations and conditions described in Subchapter D, any person who is or was a representative of the corporation in connection with any action, suit or proceeding brought or threatened by reason of the fact that he or
        she is or was a representative of the corporation.</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Article 9 of the Amended and Restated Articles of Incorporation of the Company set forth circumstances under which directors, officers, employees and agents of the Company may be
      insured or indemnified against liability which they incur in their capacities as such.</div>
    <div>
      <div style="text-align: justify; margin-top: 12pt; font-weight: bold;">Article 9.&#160;&#160;&#160;&#160;Indemnification of Officers, Directors, Employees, and Agents.</div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 6pt;"><font style="font-weight: bold;">A.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Persons.</u></font>&#160;&#160;&#160;&#160;The Company shall indemnify any person who was or is a party or is threatened to be made a party
        to any threatened, pending, or completed action, suit, or proceeding, including actions by or in the right of the Company, whether civil, criminal, administrative, or investigative, by reason of the fact that such person is or was a director,
        officer, employee, fiduciary, trustee, or agent of the Company, or is or was serving at the request of the Company as a director, officer, employee, fiduciary, trustee, or agent of another corporation, partnership, joint venture, trust, or other
        enterprise.</div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">B.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Extent &#8212; Derivative Actions.</u></font>&#160;&#160;&#160;&#160;In the case of a threatened, pending, or completed action or suit by or in
        the right of the Company against a person named in paragraph&#160;A by reason of such person holding a position named in paragraph&#160;A, the Company shall indemnify such person if such person satisfies the standard in paragraph&#160;C, for expenses (including
        attorneys&#8217; fees) actually and reasonably incurred by such person in connection with the defense or settlement of the action or suit.</div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">C.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Standard&#160;&#8212; Derivative Suits.</u></font>&#160;&#160;&#160;&#160;In the case of a threatened, pending, or completed action or suit by or in
        the right of the Company, a person named in paragraph&#160;A shall be indemnified only if:</div>
    </div>
    <div>
      <div style="text-indent: 24.5pt; margin-left: 38.05pt; margin-top: 12pt;">1.&#160;&#160;&#160;&#160;such person is successful on the merits or otherwise; or</div>
    </div>
    <div>
      <div style="font-size: 8pt;">&#160;</div>
    </div>
    <div>
      <div style="text-indent: 24.5pt; margin-left: 38.05pt;">2.&#160;&#160;&#160;&#160;such person acted in good faith in the transaction that is the subject of the suit or action, and in a manner reasonably believed to be in, or not opposed to, the best interests of the
        Company. However, such person shall not be indemnified in respect of any claim, issue, or matter as to which such person has been adjudged liable to the Company unless (and only to the extent that) the court of common pleas or the court in which
        the suit was brought shall determine, upon application, that despite the adjudication of liability but in view of all the circumstances, such person is fairly and reasonably entitled to indemnity for such expenses as the court shall deem proper.</div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">D.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Extent&#160;&#8212; Nonderivative Suits.</u></font>&#160;&#160;&#160;&#160;In case of a threatened, pending, or completed suit, action, or proceeding
        (whether civil, criminal, administrative, or investigative), other than a suit by or in the right of the Company, together hereafter referred to as a nonderivative suit, against a person named in paragraph&#160;A by reason of such person holding a
        position named in paragraph&#160;A, the Company shall indemnify such person if such person satisfies the standard in paragraph&#160;E, for amounts actually and reasonably incurred by such person in connection with the defense or settlement of the
        nonderivative suit, including, but not limited to (i)&#160;expenses (including attorneys&#8217; fees), (ii)&#160;amounts paid in settlement, (iii)&#160;judgments, and (iv)&#160;fines.</div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">E.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Standard&#160;&#8212; Nonderivative Suits.</u></font>&#160;&#160;&#160;&#160;In case of a nonderivative suit, a person named in paragraph&#160;A shall be
        indemnified only if:</div>
    </div>
    <div>
      <div style="text-indent: 24.5pt; margin-left: 38.05pt; margin-top: 12pt;">1.&#160;&#160;&#160;&#160;such person is successful on the merits or otherwise; or</div>
      <div style="text-indent: 24.5pt; margin-left: 38.05pt; margin-top: 12pt;">2.&#160;&#160;&#160;&#160;such person acted in good faith in the transaction that is the subject of the nonderivative suit and in a manner such person reasonably believed to be in, or not opposed
        to, the best interests of the Company. The termination of a nonderivative suit by judgment, order, settlement, conviction, or upon a plea of&#160;<font style="font-style: italic;">nolo contendere</font>&#160;or its equivalent shall not, in itself, create a
        presumption that the person failed to satisfy the standard of this paragraph&#160;E.2.</div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">F.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Determination That Standard Has Been Met.</u></font>&#160;&#160;&#160;&#160;A determination that the standard of paragraph&#160;C or E has been
        satisfied may be made by a court, or, except as stated in paragraph&#160;C.2 (second sentence), the determination may be made by:</div>
    </div>
    <div>
      <div style="text-indent: 24.5pt; margin-left: 38.05pt; margin-top: 12pt;">1.&#160;&#160;&#160;&#160;the Board of Directors by a majority vote of a quorum consisting of directors of the Company who were not parties to the action, suit, or proceeding;</div>
      <div style="text-indent: 24.5pt; margin-left: 38.05pt; margin-top: 12pt;">2.&#160;&#160;&#160;&#160;if such a quorum is not obtainable or if obtainable and a majority of a quorum of disinterested directors so directs, by independent legal counsel in a written opinion;
        or</div>
      <div style="text-indent: 24.5pt; margin-left: 38.05pt; margin-top: 12pt;">3.&#160;&#160;&#160;&#160;the stockholders of the Company.</div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">G.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Proration.</u></font>&#160;&#160;&#160;&#160;Anyone making a determination under paragraph&#160;F may determine that a person has met the
        standard as to some matters but not as to others, and may reasonably prorate amounts to be indemnified.</div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">H.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Advancement of Expenses.</u></font>&#160;&#160;&#160;&#160;Reasonable expenses incurred by a director, officer, employee, or agent of the
        Company in defending a civil or criminal action, suit, or proceeding described in paragraph A of this Article&#160;9 may be paid by the Company in advance of the final disposition of such action, suit, or proceeding upon receipt of an undertaking by or
        on behalf of such person to repay such amount if it shall ultimately be determined that the person is not entitled to be indemnified by the Company.</div>
    </div>
    <div>
      <div style="font-size: 8pt;">&#160;</div>
    </div>
    <div>
      <div style="text-indent: 36pt;"><font style="font-weight: bold;">I.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Other Rights.</u></font>&#160;&#160;&#160;&#160;The indemnification and advancement of expenses provided by or pursuant to this Article&#160;9 shall not be
        deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any insurance or other agreement, vote of stockholders or directors, or otherwise, both as to actions in their official
        capacity and as to actions in another capacity while holding an office, and shall continue as to a person who has ceased to be a director, officer, employee, or agent and shall inure to the benefit of the heirs, executors, and administrators of
        such person.</div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">J.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Insurance.</u></font>&#160;&#160;&#160;&#160;The Company shall have the power to purchase and maintain insurance on behalf of any person
        who is or was a director, officer, employee, or agent of the Company, or is or was serving at the request of the Company as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise,
        against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person&#8217;s status as such, whether or not the Company would have the power to indemnify such person against such liability
        under the provisions of this Article&#160;9.</div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">K.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Security Fund; Indemnity Agreements.</u></font>&#160;&#160;&#160;&#160;By action of the Board of Directors (notwithstanding their interest
        in the transaction), the Company may create and fund a trust fund or fund of any nature, and may enter into agreements with its officers, directors, employees, and agents for the purpose of securing or insuring in any manner its obligation to
        indemnify or advance expenses provided for in this Article 9.</div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">L.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Modification.</u></font>&#160;&#160;&#160;&#160;The duties of the Company to indemnify and to advance expenses to any person as provided
        in this Article 9 shall be in the nature of a contract between the Company and each such person, and no amendment or repeal of any provision of this Article&#160;9, and no amendment or termination of any trust or other fund created pursuant to
        Article&#160;9.K hereof, shall alter to the detriment of such person the right of such person to the advancement of expenses or indemnification related to a claim based on an act or failure to act which took place prior to such amendment, repeal, or
        termination.</div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">M.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Proceedings Initiated by Indemnified Persons.</u></font>&#160;&#160;&#160;&#160;Notwithstanding any other provision in this Article&#160;9, the
        Company shall not indemnify a director, officer, employee, or agent for any liability incurred in an action, suit, or proceeding initiated by (which shall not be deemed to include counter-claims or affirmative defenses) or participated in as an
        intervenor or amicus curiae by the person seeking indemnification unless such initiation of or participation in the action, suit, or proceeding is authorized, either before or after its commencement, by the affirmative vote of a majority of the
        directors then in office.</div>
      <div style="text-indent: 36pt; margin-top: 12pt;"><font style="font-weight: bold;">N.&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;"><u>Savings Clause.</u></font>&#160;&#160;&#160;&#160;If this Article&#160;9 or any portion hereof shall be invalidated on any ground by any court
        of competent jurisdiction, then the Company shall nevertheless indemnify each director, officer, employee, and agent of the Company as to costs, charges, and expenses (including attorneys&#8217; fees), judgments, fines, and amounts paid in settlement
        with respect to any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, including an action by or in the right of the Company to the fullest extent permitted by any applicable portion of this Article&#160;9 that shall
        not have been invalidated and to the fullest extent permitted by applicable law.</div>
      <div style="text-indent: 36pt; margin-top: 12pt;">If the laws of the Commonwealth of Pennsylvania are amended to permit further indemnification of the directors, officers, employees, and agents of the Company, then the Company shall indemnify such
        persons to the fullest extent permitted by law. Any repeal or modification of this Article 9 by the stockholders of the Company shall not adversely affect any right or protection of a director, officer, employee, or agent existing at the time of
        such repeal or modification.</div>
    </div>
    <div>
      <div style="font-size: 8pt;">&#160;</div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 7.&#160;&#160;Exemption From Registration Claimed</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Not applicable.</div>
    <div style="text-align: justify; font-weight: bold;">Item 8.&#160; List of Exhibits.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zc30cf0389aff430aaac1df4c877a2dbc">

        <tr>
          <td style="width: 20.46%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Regulation S-K</div>
            <div style="text-align: center;">Exhibit Number</div>
          </td>
          <td style="width: 5.38%; vertical-align: bottom;">&#160;</td>
          <td style="width: 74.16%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Document</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="https://www.sec.gov/Archives/edgar/data/0001605301/000119312514236306/d738892ds4.htm">4</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><a href="https://www.sec.gov/Archives/edgar/data/0001605301/000119312514236306/d738892ds4.htm"><br>
            </a> </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div style="text-align: justify;"><a href="https://www.sec.gov/Archives/edgar/data/0001605301/000119312514236306/d738892ds4.htm">Form of Common Stock Certificate (incorporated by reference to Exhibit 4 to the Registration Statement on Form S-4
                (File No. 333-196749) filed by the Company under the Securities Act, with the Commission on June 13, 2014, as amended and declared effective on August 8, 2014 and all amendments or reports filed for the purpose of updating such
                description.)</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex5-s8_062421.htm">5</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="ex5-s8_062421.htm">Opinion of Luse Gorman, PC</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="https://www.sec.gov/Archives/edgar/data/0001605301/000160530121000025/proxystatement2021annualme.htm">10.1</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/0001605301/000160530121000025/proxystatement2021annualme.htm">CB Financial Services, Inc. 2021 Equity Incentive Plan (incorporated by reference to Appendix A to the definitive proxy
                statement for the Annual Meeting of Stockholders of CB Financial Services, Inc. (File No. 001-36706), filed by the Company under the Exchange Act on April 9, 2021.)</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;"><a href="ex10-2_s8062421.htm">&#160;</a></td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex10-2_s8062421.htm">10.2</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="ex10-2_s8062421.htm">Form of Restricted Stock Award Agreement</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex10-3_s8062421.htm">10.3</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="ex10-3_s8062421.htm">Form of Incentive Stock Option Award Agreement</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex10-4_s8062421.htm">10.4</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="ex10-4_s8062421.htm">Form of Non-Qualified Stock Option Award Agreement</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex5-s8_062421.htm">23.1</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="ex5-s8_062421.htm">Consent of Luse Gorman, PC (contained in Exhibit 5)</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex23-2_s8062421.htm">23.2</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="ex23-2_s8062421.htm">Consent of Baker Tilly US, LLP (Independent Registered Public Accounting Firm)</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">&#160;</td>
          <td style="width: 5.38%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.46%; vertical-align: top;">
            <div style="text-align: center;"><a href="#POWEROFATTORNEY">24</a></div>
          </td>
          <td style="width: 5.38%; vertical-align: top;"><br>
          </td>
          <td style="width: 74.16%; vertical-align: top;">
            <div><a href="#POWEROFATTORNEY">Power of Attorney (contained on signature page)</a></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt; margin-bottom: 12pt; font-weight: bold;">Item 9.&#160;&#160;Undertakings</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The undersigned registrant hereby undertakes:</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">1.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>To file, during any period in which offers or sales are being
      made, a post-effective amendment to the Registration Statement:</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">(i)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>to include any prospectus required by Section 10(a)(3) of the
      Securities Act of 1933;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-right: 4.5pt; margin-bottom: 12pt;">(ii)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>to reflect in the prospectus any facts
      or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration
      statement.&#160; Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the
      estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (section 230.424(b)) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum
      aggregate offering price set forth in the &#8220;Calculation of Registration Fees&#8221; table in the effective registration statement;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">(iii)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>to include any material information with respect to the plan
      of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-style: italic;">provided, however</font>, that paragraphs 1(i) and 1(ii) above do not apply if the information required to be included in a post-effective
      amendment by these paragraphs is contained in reports filed with or furnished to the Commission by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
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            <div>&#160;</div>
            <div>&#160;</div>
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          <td style="width: 44.94%; vertical-align: top;">&#160;</td>
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    <div style="text-align: center; font-weight: bold;"><a name="POWEROFATTORNEY"><!--Anchor--></a>POWER OF ATTORNEY</div>
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    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">We, the undersigned directors and officers of CB Financial Services, Inc. (the &#8220;Company&#8221;) hereby severally constitute and appoint John H. Montgomery, as our true and lawful
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          <td style="width: 29.15%; vertical-align: top;">&#160;</td>
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            <div>&#160;June 24, 2021</div>
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          <td style="width: 24.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 29.15%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
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          <td style="width: 24.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 29.15%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
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          <td style="width: 37.94%; vertical-align: top;">&#160;</td>
          <td style="width: 2.82%; vertical-align: top;">&#160;</td>
          <td style="width: 24.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 29.15%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 37.94%; vertical-align: top;">&#160;</td>
          <td style="width: 2.82%; vertical-align: top;">&#160;</td>
          <td style="width: 24.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 29.15%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="width: 29.13%; vertical-align: top;">&#160;</td>
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            <div>&#160;June 24, 2021</div>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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            <div>&#160;June 24, 2021</div>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
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            <div>&#160;June 24, 2021</div>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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            <div>&#160;</div>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
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            <div>&#160;June 24, 2021</div>
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            <div>Joseph N. Headlee</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 29.13%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="width: 29.13%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ John J. LaCarte<br>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
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          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
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            <div>&#160;June 24, 2021</div>
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            <div>&#160;</div>
            <div>&#160;</div>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
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          <td style="width: 5.46%; vertical-align: top;"><br>
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          <td style="width: 29.12%; vertical-align: top; border-bottom: 2px solid black;"><br>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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        <tr>
          <td colspan="2" style="width: 29.13%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="width: 29.13%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ William G. Petroplus<br>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top; border-bottom: 2px solid black;">
            <div>&#160;June 24, 2021</div>
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          <td colspan="2" style="width: 29.13%; vertical-align: top;">
            <div>William G. Petroplus</div>
            <div>&#160;</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="width: 29.13%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ David F. Pollock<br>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top; border-bottom: 2px solid black;">
            <div>&#160;June 24, 2021</div>
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        </tr>
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          <td colspan="2" style="width: 29.13%; vertical-align: top;">
            <div>David F. Pollock</div>
            <div>&#160;</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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        <tr>
          <td colspan="2" style="width: 29.13%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="width: 29.13%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ John M. Swiatek<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top; border-bottom: 2px solid black;">
            <div>&#160;June 24, 2021</div>
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            <div>&#160;</div>
            <div>&#160;</div>
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          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
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Registration No. ___-_________
As filed with the Securities and Exchange Commission on June 24, 2021
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
____________________
FORM S-8
REGISTRATION STATEMENT
UNDERTHE SECURITIES ACT OF 1933
CB Financial Services, Inc.
(Exact Name of Registrant as Specified in its Charter)
Pennsylvania
51-0534721
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer Identification No.)
100 N. Market Street
Carmichaels, Pennsylvania 15320
(Address of Principal Executive Offices)
CB Financial Services, Inc. 2021 Equity Incentive Plan
(Full Title of the Plan)
Copies to:
John H. Montgomery
Victor L. Cangelosi, Esq.
President and Chief Executive Officer
Jeffrey M. Cardone, Esq.
CB Financial Services, Inc.
Luse Gorman, PC
100 N. Market Street
5335 Wisconsin Ave., N.W., Suite 780
Carmichaels, Pennsylvania 15320
Washington, DC 20015-2035
(724) 966-5041
(202) 274-2000
(Name, Address and Telephone
Number of Agent for Service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated
        filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"):
Large accelerated filer ◻
Accelerated filer ◻
Non-accelerated filer ⌧
Smaller reporting company ⌧
Emerging growth company ◻
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
        Securities Act. ◻
CALCULATION OF REGISTRATION FEE
Title of
Securities
to be
Registered
Amount
to be
Registered
(1)
Proposed
Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration
Fee
Common stock, no par value per share
500,000
$22.11
(2)
$11,055,000
$1,207
_________________________
(1)
Together with an indeterminate number of additional shares that may be necessary to adjust the number of shares reserved for issuance pursuant to the CB Financial Services, Inc. 2021 Equity Incentive Plan (the "Plan") as a result of a
              stock split, stock dividend or similar adjustment of the outstanding common stock of CB Financial Services, Inc. (the "Company") pursuant to 17 C.F.R. Section 230.416(a) under the Securities Act of 1933, as amended (the "Securities Act").
(2)
Determined pursuant to 17 C.F.R. Section 230.457(h)(1) of the Securities Act.
________________________
This Registration Statement shall become effective upon filing in accordance with Section 8(a) of the Securities Act of 1933 and 17 C.F.R. § 230.462.
2
PART I.
Items 1 and 2.  Plan Information and Registrant Information and Employee Plan Annual Information
The documents containing the information specified in Part I of Form S-8 have been or will be sent or given to participants in the Plan as specified by Rule 428(b) promulgated by
      the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act").
Such documents are not being filed with the Commission, but constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of
      Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II.
Item 3.  Incorporation of Documents by Reference
The following documents previously filed by the Company with the Commission under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are incorporated herein by
      reference (other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of Form 8-K, unless otherwise indicated therein, including any exhibits included with such Items):
(1)
The Company's Annual Report on Form 10-K for the fiscal year
      ended December 31, 2020 (File No. 001-36706), filed with the Commission on
March 17, 2021
;
(2)
The information specifically incorporated by reference into
      the Company's Annual Report on Form 10-K for the year ended December  31, 2020 from the Company's definitive proxy statement on Schedule 14A, filed with the Commission on
April 9, 2021
;
(3)
The Company's Quarterly Report on Form 10-Q for the quarter
      ended March 31, 2021 (File No. 001-36706), filed with the Commission on
May 10, 2021
;
(4)
The Company's Current Reports on Form 8-K filed on
January 29, 2021
(filed portion only),
February 3, 2021
,
February 22,
        2021
,
February 23, 2021
(filed portion only),
May 4, 2021
(filed portion only),
May
        19, 2021
,
May 27, 2021
(filed portion only),
June 10, 2021
and
June 10, 2021
;
      and
(5)
The description of the Company's common stock contained in the
      Registration Statement on Form S-4 originally filed with the Commission on
June 13, 2014
, as amended and declared effective on
August 8, 2014
(File No. 333-196749), as updated by the description of our common stock contained in Exhibit 4.2 to the Form 10-K for the
      fiscal year ended December 31, 2020 (File No. 001-36706), filed with the Commission on
March 17, 2021
, and including any subsequent
      amendments or reports filed for the purpose of updating such description.
All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the date hereof, and prior to the
      filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to
      be a part thereof from the date of the filing of such documents.
Any statement contained in the documents incorporated, or deemed to be incorporated, by reference herein or therein shall be deemed to be modified or superseded for purposes of
      this Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein or therein modifies or
      supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement and the prospectus.
All information appearing in this Registration Statement and the prospectus is qualified in its entirety by the detailed information, including financial statements, appearing in
      the documents incorporated herein or therein by reference.
3
Item 4.  Description of Securities
Not applicable.
Item 5.  Interests of Named Experts and Counsel
None.
Item 6.  Indemnification of Directors and Officers
Subchapter B of Chapter 17 of the Pennsylvania Business Corporation Law ("PBCL") permits a Pennsylvania corporation to limit the personal liability of its directors for monetary damages, subject to
        the limitations and conditions described in Subchapter B.  Subchapter D of Chapter 17 of the PBCL provides for indemnification of any person who is or was a representative of a Pennsylvania corporation and specifically empowers the corporation to
        indemnify, subject to the limitations and conditions described in Subchapter D, any person who is or was a representative of the corporation in connection with any action, suit or proceeding brought or threatened by reason of the fact that he or
        she is or was a representative of the corporation.
Article 9 of the Amended and Restated Articles of Incorporation of the Company set forth circumstances under which directors, officers, employees and agents of the Company may be
      insured or indemnified against liability which they incur in their capacities as such.
Article 9.    Indemnification of Officers, Directors, Employees, and Agents.
A.
Persons.
The Company shall indemnify any person who was or is a party or is threatened to be made a party
        to any threatened, pending, or completed action, suit, or proceeding, including actions by or in the right of the Company, whether civil, criminal, administrative, or investigative, by reason of the fact that such person is or was a director,
        officer, employee, fiduciary, trustee, or agent of the Company, or is or was serving at the request of the Company as a director, officer, employee, fiduciary, trustee, or agent of another corporation, partnership, joint venture, trust, or other
        enterprise.
B.
Extent — Derivative Actions.
In the case of a threatened, pending, or completed action or suit by or in
        the right of the Company against a person named in paragraph A by reason of such person holding a position named in paragraph A, the Company shall indemnify such person if such person satisfies the standard in paragraph C, for expenses (including
        attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of the action or suit.
C.
Standard — Derivative Suits.
In the case of a threatened, pending, or completed action or suit by or in
        the right of the Company, a person named in paragraph A shall be indemnified only if:
1.    such person is successful on the merits or otherwise; or
2.    such person acted in good faith in the transaction that is the subject of the suit or action, and in a manner reasonably believed to be in, or not opposed to, the best interests of the
        Company. However, such person shall not be indemnified in respect of any claim, issue, or matter as to which such person has been adjudged liable to the Company unless (and only to the extent that) the court of common pleas or the court in which
        the suit was brought shall determine, upon application, that despite the adjudication of liability but in view of all the circumstances, such person is fairly and reasonably entitled to indemnity for such expenses as the court shall deem proper.
D.
Extent — Nonderivative Suits.
In case of a threatened, pending, or completed suit, action, or proceeding
        (whether civil, criminal, administrative, or investigative), other than a suit by or in the right of the Company, together hereafter referred to as a nonderivative suit, against a person named in paragraph A by reason of such person holding a
        position named in paragraph A, the Company shall indemnify such person if such person satisfies the standard in paragraph E, for amounts actually and reasonably incurred by such person in connection with the defense or settlement of the
        nonderivative suit, including, but not limited to (i) expenses (including attorneys' fees), (ii) amounts paid in settlement, (iii) judgments, and (iv) fines.
4
E.
Standard — Nonderivative Suits.
In case of a nonderivative suit, a person named in paragraph A shall be
        indemnified only if:
1.    such person is successful on the merits or otherwise; or
2.    such person acted in good faith in the transaction that is the subject of the nonderivative suit and in a manner such person reasonably believed to be in, or not opposed
        to, the best interests of the Company. The termination of a nonderivative suit by judgment, order, settlement, conviction, or upon a plea of
nolo contendere
or its equivalent shall not, in itself, create a
        presumption that the person failed to satisfy the standard of this paragraph E.2.
F.
Determination That Standard Has Been Met.
A determination that the standard of paragraph C or E has been
        satisfied may be made by a court, or, except as stated in paragraph C.2 (second sentence), the determination may be made by:
1.    the Board of Directors by a majority vote of a quorum consisting of directors of the Company who were not parties to the action, suit, or proceeding;
2.    if such a quorum is not obtainable or if obtainable and a majority of a quorum of disinterested directors so directs, by independent legal counsel in a written opinion;
        or
3.    the stockholders of the Company.
G.
Proration.
Anyone making a determination under paragraph F may determine that a person has met the
        standard as to some matters but not as to others, and may reasonably prorate amounts to be indemnified.
H.
Advancement of Expenses.
Reasonable expenses incurred by a director, officer, employee, or agent of the
        Company in defending a civil or criminal action, suit, or proceeding described in paragraph A of this Article 9 may be paid by the Company in advance of the final disposition of such action, suit, or proceeding upon receipt of an undertaking by or
        on behalf of such person to repay such amount if it shall ultimately be determined that the person is not entitled to be indemnified by the Company.
I.
Other Rights.
The indemnification and advancement of expenses provided by or pursuant to this Article 9 shall not be
        deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any insurance or other agreement, vote of stockholders or directors, or otherwise, both as to actions in their official
        capacity and as to actions in another capacity while holding an office, and shall continue as to a person who has ceased to be a director, officer, employee, or agent and shall inure to the benefit of the heirs, executors, and administrators of
        such person.
J.
Insurance.
The Company shall have the power to purchase and maintain insurance on behalf of any person
        who is or was a director, officer, employee, or agent of the Company, or is or was serving at the request of the Company as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise,
        against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the Company would have the power to indemnify such person against such liability
        under the provisions of this Article 9.
K.
Security Fund; Indemnity Agreements.
By action of the Board of Directors (notwithstanding their interest
        in the transaction), the Company may create and fund a trust fund or fund of any nature, and may enter into agreements with its officers, directors, employees, and agents for the purpose of securing or insuring in any manner its obligation to
        indemnify or advance expenses provided for in this Article 9.
L.
Modification.
The duties of the Company to indemnify and to advance expenses to any person as provided
        in this Article 9 shall be in the nature of a contract between the Company and each such person, and no amendment or repeal of any provision of this Article 9, and no amendment or termination of any trust or other fund created pursuant to
        Article 9.K hereof, shall alter to the detriment of such person the right of such person to the advancement of expenses or indemnification related to a claim based on an act or failure to act which took place prior to such amendment, repeal, or
        termination.
5
M.
Proceedings Initiated by Indemnified Persons.
Notwithstanding any other provision in this Article 9, the
        Company shall not indemnify a director, officer, employee, or agent for any liability incurred in an action, suit, or proceeding initiated by (which shall not be deemed to include counter-claims or affirmative defenses) or participated in as an
        intervenor or amicus curiae by the person seeking indemnification unless such initiation of or participation in the action, suit, or proceeding is authorized, either before or after its commencement, by the affirmative vote of a majority of the
        directors then in office.
N.
Savings Clause.
If this Article 9 or any portion hereof shall be invalidated on any ground by any court
        of competent jurisdiction, then the Company shall nevertheless indemnify each director, officer, employee, and agent of the Company as to costs, charges, and expenses (including attorneys' fees), judgments, fines, and amounts paid in settlement
        with respect to any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, including an action by or in the right of the Company to the fullest extent permitted by any applicable portion of this Article 9 that shall
        not have been invalidated and to the fullest extent permitted by applicable law.
If the laws of the Commonwealth of Pennsylvania are amended to permit further indemnification of the directors, officers, employees, and agents of the Company, then the Company shall indemnify such
        persons to the fullest extent permitted by law. Any repeal or modification of this Article 9 by the stockholders of the Company shall not adversely affect any right or protection of a director, officer, employee, or agent existing at the time of
        such repeal or modification.
Item 7.  Exemption From Registration Claimed
Not applicable.
Item 8.  List of Exhibits.
Regulation S-K
Exhibit Number
Document
4
Form of Common Stock Certificate (incorporated by reference to Exhibit 4 to the Registration Statement on Form S-4
                (File No. 333-196749) filed by the Company under the Securities Act, with the Commission on June 13, 2014, as amended and declared effective on August 8, 2014 and all amendments or reports filed for the purpose of updating such
                description.)
5
Opinion of Luse Gorman, PC
10.1
CB Financial Services, Inc. 2021 Equity Incentive Plan (incorporated by reference to Appendix A to the definitive proxy
                statement for the Annual Meeting of Stockholders of CB Financial Services, Inc. (File No. 001-36706), filed by the Company under the Exchange Act on April 9, 2021.)
10.2
Form of Restricted Stock Award Agreement
10.3
Form of Incentive Stock Option Award Agreement
10.4
Form of Non-Qualified Stock Option Award Agreement
23.1
Consent of Luse Gorman, PC (contained in Exhibit 5)
23.2
Consent of Baker Tilly US, LLP (Independent Registered Public Accounting Firm)
24
Power of Attorney (contained on signature page)
6
Item 9.  Undertakings
The undersigned registrant hereby undertakes:
1.
To file, during any period in which offers or sales are being
      made, a post-effective amendment to the Registration Statement:
(i)
to include any prospectus required by Section 10(a)(3) of the
      Securities Act of 1933;
(ii)
to reflect in the prospectus any facts
      or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration
      statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the
      estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (section 230.424(b)) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum
      aggregate offering price set forth in the "Calculation of Registration Fees" table in the effective registration statement;
(iii)
to include any material information with respect to the plan
      of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;
provided, however
, that paragraphs 1(i) and 1(ii) above do not apply if the information required to be included in a post-effective
      amendment by these paragraphs is contained in reports filed with or furnished to the Commission by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
2.
That, for the purpose of determining any liability under the
      Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof;
3.
To remove from registration by means of a post-effective
      amendment any of the securities being registered which remain unsold at the termination of the offering;
4.
The undersigned registrant hereby undertakes that, for purposes
      of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report
      pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that
      time shall be deemed to be the initial bona fide offering thereof; and
5.
Insofar as indemnification for liabilities arising under the
      Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against
      public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer
      or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the
      opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be
      governed by the final adjudication of such issue.
7
SIGNATURES
The Registrant.
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable
      grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Carmichaels, Commonwealth of
      Pennsylvania, on June 24, 2021.
CB FINANCIAL SERVICE, INC.
By:
/s/ John H. Montgomery
John H. Montgomery
President and Chief Executive Officer
(Duly Authorized Representative)
POWER OF ATTORNEY
We, the undersigned directors and officers of CB Financial Services, Inc. (the "Company") hereby severally constitute and appoint John H. Montgomery, as our true and lawful
      attorney and agent, to do any and all things in our names in the capacities indicated below which said John H. Montgomery may deem necessary or advisable to enable the Company to comply with the Securities Act of 1933, as amended, and any rules,
      regulations and requirements of the Securities and Exchange Commission, in connection with the registration of shares of common stock to be issued upon the exercise of stock options and the award of restricted stock under the CB Financial Services
      Inc. 2021 Equity Incentive Plan, including specifically, but not limited to, power and authority to sign for us in our names in the capacities indicated below the registration statement and any and all amendments (including post-effective amendments)
      thereto; and we hereby approve, ratify and confirm all that said John H. Montgomery shall do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date
      indicated.
Signatures
Title
Date
/s/ John H. Montgomery
President, Chief Executive Officer
June 24, 2021
John H. Montgomery
and Director
(Principal Executive Officer)
/s/ Jamie L. Prah
Executive Vice President and Chief
June 24, 2021
Jamie L. Prah
Financial Officer (Principal Financial Officer and Chief Accounting Officer)
/s/ Mark E. Fox
Director and Chairman of the Board
June 24, 2021
Mark E. Fox
/s/ Charles R. Guthrie, CPA
Director and Vice-Chairman of the Board
June 24, 2021
Charles R. Guthrie, CPA
Signatures
Title
Date
/s/ Karl G. Baily
Director
June 24, 2021
Karl G. Baily
/s/ Jonathan A. Bedway
Director
June 24, 2021
Jonathan A. Bedway
/s/ Richard B. Boyer
Director
June 24, 2021
Richard B. Boyer
/s/ Ralph Burchianti
Senior Executive Vice President,
June 24, 2021
Ralph Burchianti
Chief Credit Officer and Director
Director
William C. Groves
/s/ Joseph N. Headlee
Director
June 24, 2021
Joseph N. Headlee
/s/ John J. LaCarte
Director
June 24, 2021
John J. LaCarte
Director
Roberta Robinson Olejasz
/s/ William G. Petroplus
Director
June 24, 2021
William G. Petroplus
/s/ David F. Pollock
Director
June 24, 2021
David F. Pollock
/s/ John M. Swiatek
Director
June 24, 2021
John M. Swiatek