CNB Community Bancorp Announces Increased Quarterly Dividend
Increased Quarterly Dividend Announced by CNB Community Bancorp
CNB Community Bancorp, Inc. (OTCQX: CNBB) has made an announcement that is sure to please its shareholders. The Board of Directors has declared a quarterly cash dividend of $0.31 per share on its common stock. This marks an impressive increase of $0.02 per share from the previously paid dividend for the second quarter of the previous year. This move is a testament to the company's strong commitment to maintaining a healthy return for its shareholders, which underscores its financial stability and growth trajectory.
Understanding the Dividend Declaration
The announced dividend will be made payable on a future date set for July 11, 2025, to shareholders on record by June 30, 2025. The timing of this announcement highlights CNB's proactive approach to shareholder engagement and its ongoing efforts to enhance shareholder value through consistent and predictable dividends.
About CNB Community Bancorp
CNB Community Bancorp, Inc. functions as a one-bank holding company with its subsidiary, County National Bank (CNB). Established in 1934, CNB is a nationally chartered full-service community bank. It not only offers traditional banking services but also provides investment management and trust services. With a strong foothold in the financial market of Southern Michigan, CNB aims to serve its community with a wide array of financial products and services.
Comprehensive Services Offered
CNB operates a network of 13 full-service offices and 19 ATMs, providing convenient access to its wide range of financial services, including personal banking, commercial lending, and wealth management solutions. This accessibility ensures that banking is convenient for all customers, reinforcing the bank's community-oriented ethos.
Commitment to the Community
Beyond just financial transactions, CNB Community Bancorp is dedicated to uplifting the communities it serves. The bank's long-standing presence in the area and commitment to customer service has allowed it to develop trust and loyalty among its clients. The bank's staff works diligently to ensure each customer feels valued and understood, making banking with CNB a personal experience.
Frequently Asked Questions
What is the new quarterly dividend amount for CNB Community Bancorp?
The new quarterly cash dividend is $0.31 per share, representing an increase from the previous dividend amount.
When will the dividend be payable?
The dividend will be payable on July 11, 2025, for shareholders of record by June 30, 2025.
How long has CNB Community Bancorp been in operation?
CNB Community Bancorp has been operational since 1934, serving customers for nearly 90 years.
What types of services does County National Bank offer?
County National Bank offers a variety of services including personal and commercial banking, investment management, and trust services.
How many branches does CNB have?
CNB has a total of 13 full-service office locations and 19 ATMs for customer convenience.
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