SC 13G 1 CBFVschedule13G.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___)* CB Financial Services, Inc. (Name of Issuer) Common (Title of Class of Securities) 12479G101 (CUSIP Number) 12/31/2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person?s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be ?filed? for the purpose of Section 18 of the Securities Exchange Act of 1934 (?Act?) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP No. 12479G101 1 Names of Reporting Persons Janney Montgomery Scott LLC 2 Check the appropriate box if a member of a Group (see instructions) (a) [ ] (b) [ ] 3 Sec Use Only 4 Citizenship or Place of Organization Delaware Number of Shares Beneficiall y Owned by Each Reporting Person With: 5 Sole Voting Power 309,373 6 Shared Voting Power 0 7 Sole Dispositive Power 0 8 Shared Dispositive Power 309,373 9 Aggregate Amount Beneficially Owned by Each Reporting Person 309,373 10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) [ ] 11 Percent of class represented by amount in row (9) 6% 12 Type of Reporting Person (See Instructions) IA Item 1. (a) Name of Issuer: CB Financial Services, Inc. (b) Address of Issuer?s Principal Executive Offices: 100 NORTH MARKET STREET, CARMICHAELS, PA, 15320 Item 2. (a) Name of Person Filing: Janney Montgomery Scott LLC (b) Address of Principal Business Office or, if None, Residence: 1717 Arch Street, Philadelphia, PA 19103 (c) Citizenship: Delaware (d) Title and Class of Securities: Common (e) CUSIP No.: 12479G101 Item 3. If this statement is filed pursuant to ?? 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under Section 15 of the Act; (b) [_] Bank as defined in Section 3(a)(6) of the Act; (c) [_] Insurance company as defined in Section 3(a)(19) of the Act; (d) [_] Investment company registered under Section 8 of the Investment Company Act of 1940; (e) [x] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) [_] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) [_] Group, in accordance with Rule 240.13d- 1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d- 1(b)(1)(ii)(J), please specify the type of institution: ____ Item 4. Ownership (a) Amount Beneficially Owned: 309,373 (b) Percent of Class: 6%. The percentage reported is based upon 5,120,678, shares of common stock outstanding on November 10,2023, as reported in the Issuer?s Form 10-Q filed on November 13, 2023. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 309,373 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 309,373 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of more than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of CB Financial Services, Inc. No one other person's interest in the common stock of CB Financial Services, Inc. is more than five percent of the total outstanding common stock. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Not Applicable Item 8. Identification and classification of members of the group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?240.14a-11. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated:__1/4/2024_____. /s/ Jessica Lempa Signature. Investment Advisory Chief Compliance Officer Name/Title. Page 1 of 1 1297544.3

SEC Form SC 13G filed by CB Financial Services Inc.