Commercial National Financial Corporation Authorizes Stock Repurchase Program
Commercial National Financial Corporation (OTCQX:CNAF) has announced a new stock repurchase program authorizing the buyback of up to 143,048 shares of its common stock, representing 5% of currently outstanding shares.
The holding company for Commercial Bank & Trust of PA plans to conduct the repurchases through open market transactions, including through an SEC Rule 10b5-1 trading plan. The company maintains flexibility in the program, noting that actual repurchases will depend on market conditions and other factors, with the ability to suspend or discontinue the program at any time.
Commercial National Financial Corporation (OTCQX:CNAF) ha annunciato un nuovo programma di riacquisto azionario che autorizza l'acquisto fino a 143.048 azioni della propria azione ordinaria, pari al 5% delle azioni attualmente in circolazione.
La holding di Commercial Bank & Trust of PA effettuer脿 i riacquisti tramite operazioni sul mercato aperto, anche mediante un piano di negoziazione ai sensi della Regola 10b5-1 della SEC. La societ脿 mantiene flessibilit脿 nel programma, precisando che l'effettivo ammontare dei riacquisti dipender脿 dalle condizioni di mercato e da altri fattori, e che potr脿 sospendere o interrompere il programma in qualsiasi momento.
Commercial National Financial Corporation (OTCQX:CNAF) ha anunciado un nuevo programa de recompra de acciones que autoriza la adquisici贸n de hasta 143.048 acciones de su capital social, lo que representa el 5% de las acciones actualmente en circulaci贸n.
La sociedad matriz de Commercial Bank & Trust of PA llevar谩 a cabo las recompras mediante operaciones en el mercado abierto, incluso a trav茅s de un plan de negociaci贸n conforme a la Regla 10b5-1 de la SEC. La compa帽铆a mantiene flexibilidad en el programa, se帽alando que las recompras reales depender谩n de las condiciones del mercado y otros factores, y que podr谩 suspender o cancelar el programa en cualquier momento.
Commercial National Financial Corporation (OTCQX:CNAF)電� 斓滊寑 143,048欤�鞚� 氤错喌欤茧ゼ 鞛Г鞛呿暊 靾� 鞛堧弰搿� 頃橂姅 鞁犼窚 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 氚滍憸頄堨溂氅�, 鞚措姅 順勳灛 鞙犿喌 欤检嫕鞚� 5%鞐� 頃措嫻頃╇媹雼�.
Commercial Bank & Trust of PA鞚� 歆�欤柬殞靷姅 瓿店皽鞁滌灔 瓯半灅毳� 韱淀暣, 霕愴暅 SEC 攴滌爼 10b5-1 瓯半灅 瓿勴殟鞚� 韱淀暣 鞛Г鞛呾潉 歆勴枆頃� 鞓堨爼鞛呺媹雼�. 須岇偓電� 頂勲攴鸽灗鞐� 雽�頃� 鞙犽彊靹膘潉 鞙犾頃橂┌ 鞁れ牅 毵れ瀰 攴滊電� 鞁滌灔 靸來櫓 氚� 旮绊儉 鞖旍澑鞐� 霐半澕 雼澕歆� 靾� 鞛堦碃, 鞏胳牅霌犾 頂勲攴鸽灗鞚� 欷戨嫧頃橁卑雮� 膦呺頃� 靾� 鞛堧嫟瓿� 氚濏様鞀惦媹雼�.
Commercial National Financial Corporation (OTCQX:CNAF) a annonc茅 un nouveau programme de rachat d'actions autorisant l'acquisition de jusqu'脿 143鈥�048 actions de ses actions ordinaires, soit 5鈥�% des actions actuellement en circulation.
La soci茅t茅 holding de Commercial Bank & Trust of PA pr茅voit d'effectuer ces rachats par des transactions sur le march茅 ouvert, y compris via un plan de n茅gociation conform茅ment 脿 la r猫gle 10b5-1 de la SEC. L'entreprise conserve une certaine flexibilit茅 dans le cadre du programme, pr茅cisant que les rachats effectifs d茅pendront des conditions de march茅 et d'autres facteurs, et qu'elle peut suspendre ou interrompre le programme 脿 tout moment.
Commercial National Financial Corporation (OTCQX:CNAF) hat ein neues Aktienr眉ckkaufprogramm angek眉ndigt, das den R眉ckkauf von bis zu 143.048 Aktien seiner Stammaktien autorisiert und damit 5% der derzeit im Umlauf befindlichen Aktien entspricht.
Die Muttergesellschaft der Commercial Bank & Trust of PA beabsichtigt, die R眉ckk盲ufe 眉ber Transaktionen am offenen Markt durchzuf眉hren, einschlie脽lich eines Handelsplans gem盲脽 SEC-Regel 10b5-1. Das Unternehmen beh盲lt sich Flexibilit盲t im Programm vor und weist darauf hin, dass die tats盲chlichen R眉ckk盲ufe von den Marktbedingungen und anderen Faktoren abh盲ngen und das Programm jederzeit ausgesetzt oder beendet werden kann.
- Authorization to repurchase up to 5% of outstanding shares (143,048 shares)
- Implementation of SEC Rule 10b5-1 trading plan provides structured approach to buybacks
- Program demonstrates management's confidence in company's value and commitment to shareholder returns
- No guarantee on the number of shares to be repurchased
- Program may be suspended or discontinued at any time
LATROBE, PA / / August 19, 2025 / Commercial National Financial Corporation (the "Company") (OTCQX:CNAF), the holding company for Commercial Bank & Trust of PA, announced today it has authorized a stock repurchase program for up to 143,048 shares of its common stock, representing
The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time.
About Commercial National Financial Corporation
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 袪袗 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
This press release contains certain forward-looking statements about the stock repurchase program. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include the Company's inability to execute the repurchase program due to stock market conditions or otherwise.
# # #
Contact:
Wendy Piper, Secretary
Commercial National Financial Corporation
724-539-3501
SOURCE: Commercial National Financial Corp. (Pennsylvania)
View the original on ACCESS Newswire
FAQ
How many shares can CNAF repurchase under its new buyback program?
How will Commercial National Financial Corporation conduct its share repurchases?
What percentage of CNAF's outstanding shares does the buyback program represent?
Can Commercial National Financial Corporation suspend its buyback program?
