LATROBE, Pa., April 21, 2015 /PRNewswire/ -- Commercial
National Financial Corporation (OTCQX: CNAF), parent company of
Commercial Bank & Trust of PA, has declared a $1.00 per share special dividend payable
May 8 to shareholders of record as of
May 1.
The $1.00 per share special
dividend declaration was driven by the Company's extraordinarily
high earnings during 2013 and 2014 in conjunction with the
Company's outstanding capital adequacy which surpasses all previous
and recently implemented regulatory guidelines.
In addition to Latrobe where it
is headquartered, the Company operates community banking facilities
in Greensburg, Hempfield Township, Ligonier, North
Huntingdon, Unity Township
and West Newton, Pennsylvania and
also maintains a commercial business development sales force
throughout its entire market area. Commercial Bank & Trust
of PA also serves its customer base from an Internet banking site
(www.cbthebank.com) and an automated TouchTone Teller banking
system. The company operates an asset management & trust
division headquartered in Greensburg,
Pennsylvania.
Safe Harbor Statement
Forward-looking statements (statements which are not
historical facts) in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. For this purpose, any statements contained herein that are
not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the generality of the
foregoing, words such as "may," "will," "to," "expect," "believe,"
"anticipate," "intend," "could," "would," "estimate," or "continue"
or the negative or other variations thereof or comparable
terminology are intended to identify forward-looking statements.
These statements are based on information currently available to
the company, and the company assumes no obligation to update these
statements as circumstances change. Investors are cautioned that
all forward-looking statements involve risk and uncertainties,
including changes in general economic and financial market
conditions, unforeseen credit problems, and the company's ability
to execute its business plans. The actual results of future
events could differ materially from those stated in any
forward-looking statements herein.
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SOURCE Commercial National Financial Corporation