Charleroi Federal Savings Bank in southwestern Pennsylvania changes name to cfsbank

Associated Press

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.

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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