CNB Financial Corporation's Dividend Declaration
CNB Financial Corporation (NASDAQ: CCNE) has made an important announcement regarding its quarterly cash dividend. The Board of Directors stated that a dividend of $0.4453125 will be distributed per depositary share, correlating to a generous $17.8125 per share for its Series A Preferred Stock. This signifies CNB Financial’s commitment to providing value to its shareholders.
Details of the Dividend Payment
This quarterly dividend is set to be payable on November 29 to shareholders who are on record as of November 15. Dividend declarations like this serve to enhance returns for investors and reflect the overall health of the company amidst a competitive banking landscape.
Overview of CNB Financial Corporation
Operating with consolidated assets nearing $6.0 billion, CNB Financial Corporation stands as a substantial entity in the financial sector. The corporation primarily operates through its main subsidiary, CNB Bank, which provides an array of banking services. These services encompass traditional banking activities as well as trust and wealth management for diverse clientele, including individuals, businesses, and government institutions.
CNB Bank's Services and Structure
CNB Bank is designed as a full-service bank, with its operations extending across various strategic locations. It boasts a private banking division, multiple loan production offices, and a robust footprint of 54 full-service offices spread across several states, including Pennsylvania and Ohio. Each branch is dedicated to delivering exceptional banking experiences tailored to the unique needs of all types of customers.
Divisional Brands of CNB Bank
Among its strengths, CNB Bank operates under several brand names, each tailored to specific markets. ERIEBANK serves clients in Northwest Pennsylvania and Northeast Ohio, while FCBank caters to those in Central Ohio. Additionally, BankOnBuffalo is focused on Western New York, Ridge View Bank on Southwest Virginia, and Impressia Bank emphasizes banking services for women.
Community Engagement and Dedication
CNB Financial Corporation's commitment extends beyond financial transactions. It actively engages in community development and support, nurturing sustainable banking practices that align with customer welfare and economic stability. This dedication is a core aspect of their operational framework, fostering a culture of trust and reliability.
Contact Information
For further inquiries, individuals can reach out to Tito L. Lima, the Treasurer of CNB Financial Corporation, at (814) 765-9621. The corporation is keen on maintaining open lines of communication with its shareholders and the community.
Frequently Asked Questions
What is the dividend amount declared by CNB Financial Corporation?
The declared dividend is $0.4453125 per depositary share, linked to a $17.8125 dividend per share on the Series A Preferred Stock.
When will the dividend be paid?
The dividend will be payable on November 29 to shareholders of record as of November 15.
What type of services does CNB Bank provide?
CNB Bank offers a full range of banking services, including trust and wealth management, to various types of customers including individuals and businesses.
How many offices does CNB Bank operate?
CNB Bank has a total of 54 full-service offices located across multiple states, ensuring comprehensive customer access to banking services.
Who should I contact for more information?
For inquiries, you can contact Tito L. Lima, the Treasurer of CNB Financial Corporation, at (814) 765-9621.
