Charleroi Federal Savings Bank in southwestern Pennsylvania changes name to cfsbank

A regional southwestern Pennsylvania bank has changed its name from Charleroi Federal Savings Bank to cfsbank.

The (Washington) Observer-Reporter (http://bit.ly/1BPBmYv ) reports the name change took effect Monday.

President and Chief Executive Officer Neil Bassi says the name change better reflects the bank's growing regional presence.

Founded 79 years ago in Charleroi (SHAR'-leh-roy), Washington County, the bank now has eight other branches, with others in Butler, Fayette and Westmoreland counties.

The bank has about $500 million in assets.

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Online: http://www.cfsbank.com