Commercial National Declares $.11 Per Share Third Quarter Dividend
Commercial National Financial Corporation (OTCQX:CNAF) has declared a quarterly dividend of $0.11 per share, payable September 5 to shareholders of record as of August 29, 2025. The company's executive officers and directors own 498,457 shares (17.42%) of the outstanding shares.
The company operates seven community banking facilities across Pennsylvania and employs 77 people, including 33 unionized employees represented by UAW Local 1799. A labor agreement ratified in November 2023 will remain effective until February 2029. The company acknowledges that its unionized status may impact strategic options compared to non-unionized institutions.
Commercial National Financial Corporation (OTCQX:CNAF) ha annunciato un dividendo trimestrale di $0,11 per azione, pagabile il 5 settembre agli azionisti registrati al 29 agosto 2025. Gli amministratori esecutivi e i membri del consiglio detengono 498.457 azioni (17,42%) del capitale sociale.
L'azienda gestisce sette filiali bancarie locali in Pennsylvania e impiega 77 persone, di cui 33 dipendenti sindacalizzati rappresentati dalla UAW Local 1799. Un accordo sindacale ratificato nel novembre 2023 rester脿 in vigore fino a febbraio 2029. La societ脿 riconosce che la presenza del sindacato pu貌 influire sulle opzioni strategiche rispetto a istituti non sindacalizzati.
Commercial National Financial Corporation (OTCQX:CNAF) ha declarado un dividendo trimestral de $0.11 por acci贸n, pagadero el 5 de septiembre a los accionistas registrados al 29 de agosto de 2025. Los directivos y miembros del consejo poseen 498.457 acciones (17,42%) del capital social.
La compa帽铆a opera siete sucursales comunitarias en Pensilvania y emplea a 77 personas, incluidas 33 asalariadas afiliadas al sindicato UAW Local 1799. Un convenio laboral ratificado en noviembre de 2023 permanecer谩 vigente hasta febrero de 2029. La empresa reconoce que su condici贸n sindicalizada puede afectar sus opciones estrat茅gicas en comparaci贸n con entidades no sindicalizadas.
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Commercial National Financial Corporation (OTCQX:CNAF) a d茅clar茅 un dividende trimestriel de 0,11 $ par action, payable le 5 septembre aux actionnaires inscrits au 29 ao没t 2025. Les dirigeants et administrateurs d茅tiennent 498 457 actions (17,42%) des actions en circulation.
La soci茅t茅 exploite sept agences bancaires communautaires en Pennsylvanie et emploie 77 personnes, dont 33 salari茅s syndiqu茅s repr茅sent茅s par l'UAW Local 1799. Une convention collective ratifi茅e en novembre 2023 restera en vigueur jusqu'en f茅vrier 2029. La soci茅t茅 reconna卯t que son statut syndicalis茅 peut influencer les options strat茅giques par rapport 脿 des 茅tablissements non syndiqu茅s.
Commercial National Financial Corporation (OTCQX:CNAF) hat eine Quartalsdividende von $0,11 je Aktie beschlossen, zahlbar am 5. September an Aktion盲re, die zum 29. August 2025 eingetragen sind. Die leitenden Angestellten und Direktoren des Unternehmens halten 498.457 Aktien (17,42%) der ausstehenden Aktien.
Das Unternehmen betreibt sieben Community-Banken in Pennsylvania und besch盲ftigt 77 Mitarbeiter, davon 33 gewerkschaftlich organisierte Besch盲ftigte, vertreten durch die UAW Local 1799. Eine im November 2023 ratifizierte Arbeitsvereinbarung bleibt bis Februar 2029 in Kraft. Das Unternehmen r盲umt ein, dass der gewerkschaftliche Status die strategischen Optionen im Vergleich zu nicht gewerkschaftlich organisierten Instituten beeinflussen kann.
- Consistent dividend payment maintained at $0.11 per share
- Significant insider ownership at 17.42% indicates management alignment with shareholders
- Long-term labor agreement in place until 2029 provides operational stability
- Limited strategic flexibility due to unionized workforce compared to non-unionized competitors
LATROBE, PA / / August 19, 2025 / Commercial National Financial Corporation (OTCQX:CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of
Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 498,457 shares, or
As disclosed each year in the Annual Report to Shareholders, on June 30, 2025, the Company employed 77 people in full-time and part-time positions. Thirty-three (33) employees are represented by the United Auto Workers, Local 1799. Of that bargaining unit total, thirty (30) employees are full-time and there are three (3) part-time employees. The Company has had unionized employees since 1972. In November 2023, the agreement between the Company and the bargaining unit was negotiated and subsequently ratified by the bargaining unit with an effective date of February 15, 2024. The labor agreement will expire in February 2029. The Commonwealth of Pennsylvania and the National Labor Relations Board both afford protection to the organized status of pre-existing collective bargaining units. The Company has been advised that bargaining unit status limits the Company's strategic options relative to those of non-unionized insured depository institutions. The Company continues to consider this as a factor in its strategic and capital management decisions.
The Company operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, Pennsylvania and also maintains a commercial business development sales force throughout its entire market area. The Company operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. Commercial Bank & Trust of PA also serves its customer base from an Internet banking site (www.cnbthebankonline.com) and an automated TouchTone Teller banking system.
Forward Looking Statements
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.
# # #
Contact:
Wendy Piper, Secretary
Commercial National Financial Corporation
724-539-3501
SOURCE: Commercial National Financial Corp. (Pennsylvania)
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