Commercial National Declares $1.00 Per Share Special Dividend And $0.26 Per Share Fourth Quarter Dividend
LATROBE, Pa., Nov. 20, 2012 /PRNewswire/ -- Commercial National Financial Corporation (OTCQB: CNAF), parent company of Commercial Bank & Trust of PA, has declared a $1.00 per share special dividend and a quarterly dividend of $0.26 per share payable December 7 to shareholders of record as of November 30.
The $1.00 per share special dividend declaration was driven by the Company's exceedingly high earnings for 2011 and 2012 in conjunction with the Company's outstanding capital adequacy which vastly surpasses all present and proposed 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 StatementForward-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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