CNB Bancorp, Inc. Announces Stock Repurchase.

Business Editors

GLOVERSVILLE, N.Y.--(BUSINESS WIRE)--June 5, 2001

CNB Bancorp, Inc. (OTCBB: CNBI - News) announced today that its board of directors has authorized the repurchase of additional outstanding shares of common stock over a two year period beginning today, continuing the Company's limited stock repurchase plan.

The stock repurchase plan authorizes the Company to make repurchases from time to time in the open market or in privately negotiated transactions. Repurchased common shares will be added to the Company's treasury shares, and will be used to meet the Company's requirements for its stock option plans, employee benefit plans and for other corporate purposes. At May 31, 2001, the Company had 2,303,218 shares of common stock outstanding. Based upon the most recent offer quotation for its stock known to the Company, the Company is authorized under its limited stock repurchase plan to purchase up to 115,161 shares, or an additional five percent of its outstanding common shares.

This action represents a continuation of the Company's limited stock repurchase plan, first announced on January 31, 2000. The Company has repurchased 105,157 of its common shares to date under the plan.

With assets of $350 million at March 31, 2001, CNB Bancorp, Inc. is a financial holding company with its principal office in Gloversville, New York. The company operates two subsidiaries: City National Bank and Trust Company, which provides a full range of personal and commercial banking products as well as personal and business trust services; and Hathaway Agency, Inc., which provides general insurance services.