We present the first identification of low-mass (spectral types K-M) stars in the young clusters Tr 37 and NGC 7160, members of the CepOB2 association. This is part of a program to follow the evolution of proto- planetary accretion disks through the ages thought to be crucial to understanding disk dissipation and planet formation (� 3-10 Myr). Combining optical photometry and optical spectroscopy, we have identified � 40 members in Tr 37 and � 15 in NGC 7160, using several independent tests for determining the membership (optical colors, optical variability, Hemission, and Li k6707 absorption). We confirm previous age estimates of 1-5 Myr for Tr 37 and 10 Myr for NGC 7160. We find active accretion in some of the stars in Tr 37, with average accretion rates of � 10� 8 Myr� 1, derived from their U-band excesses. These results expand the existing samples of accreting stars and are consistent with the models of viscous accretion disk evolution. No signs of active accretion have been detected so far in the older cluster NGC 7160, suggesting that disk accretion ends before the age of 10 Myr. These results are consistent with those from other populations and are a clear sign of disk evolution within the CepOB2 region. We also investigate the spatial asymmetries in Tr 37 and the possible presence of younger populations triggered by Tr 37 itself, and we outline an efficient method to detect and study the rest of the clusters members and their characteristics.