CNB Bank will launch Impressia Bank, a new banking division designed for women by women that will be dedicated to the professional and financial development and advancement of women business owners and women leaders.

With plans to launch in early 2023, Impressia Bank will be the sixth bank division of CNB Bank. This women-focused commercial bank will begin within the existing geographic footprint of each of CNB Bank’s five other divisions and then expand beyond those borders utilizing an online presence. Impressia Bank’s online approach will be complemented by regional relationship managers and support managers, as well as specialized services such as SBA and grant advisory services, treasury management, wealth management and private banking.

“This is a perfect opportunity to deepen relationships and support the already high, yet growing, number of women-owned businesses,” Angela Wilcoxson, executive vice president and chief commercial banking officer of CNB Bank, said. “A prioritization of women-owned businesses would complement other divisional growth activities and allow the bank to provide even better banking options for more businesses in our communities.”

Extending beyond traditional business banking offerings, Impressia Bank clients will have access to resources to help accelerate their businesses, develop appropriate business strategies and establish a community of women who support one another. The bank will connect financial and other identified resources to support women who own businesses.

“We’re looking to move beyond the scope of offering traditional banking services. Our goal is to provide an entire banking and financial support network for current and prospective women leaders,” Michael Peduzzi, president and CEO of CNB Bank, said. “We recognize that access to capital remains the largest barrier to market entry and success for female founders and women-owned businesses. Impressia Bank will strive to propose solutions pertaining to credit access, financial literacy and business development to promote and encourage the small business spirit and career development of women.”

CNB Bank recently launched a search for the position of division president for Impressia Bank.