CNB Financial Corporation Declares Significant Quarterly Dividend
CNB Financial Corporation Declares a Robust Quarterly Dividend
CNB Financial Corporation has announced a quarterly cash dividend of $0.18 per share for its common stock. This dividend is set to be paid on December 13 to shareholders who are on record as of November 29. This announcement underscores the company’s commitment to providing value to its investors.
About CNB Financial Corporation
CNB Financial Corporation, known by its stock ticker Nasdaq: CCNE, is a prominent financial holding company with an impressive portfolio that includes approximately $6.0 billion in consolidated assets. The company operates mainly through its subsidiary, CNB Bank, which is a multifaceted institution that delivers a broad spectrum of banking services.
Services Offered by CNB Bank
CNB Bank provides comprehensive financial services tailored to meet the needs of individual, business, governmental, and institutional clients. The offerings encompass trust and wealth management services, private banking, and other banking activities suitable for a diverse clientele.
Operational Highlights
Headquartered in Clearfield, Pennsylvania, CNB Bank boasts a widespread operational footprint with 55 full-service branches across various states, including Pennsylvania, Ohio, New York, and Virginia. In addition to its branches, the bank operates a loan production office, a drive-up service, and a mobile office to ensure accessibility for customers.
Divisions Under CNB Bank
As a multi-brand parent, CNB Bank includes several distinct divisions catering to specific markets. These divisions comprise ERIEBANK, which serves Northwest Pennsylvania and Northeast Ohio; FCBank, focused on Central Ohio; and BankOnBuffalo, targeting customers in the Western New York region. Furthermore, Ridge View Bank serves Southwestern Virginia, while Impressia Bank is dedicated to promoting banking opportunities for women.
Future Outlook for CNB Financial Corporation
The announcement of the dividend reflects CNB Financial Corporation's ongoing strategy to enhance shareholder value while navigating the financial landscape. As the company continues to evolve, its commitment to robust performance and operational excellence remains steadfast.
Frequently Asked Questions
What is the amount of the dividend declared by CNB Financial Corporation?
CNB Financial Corporation declared a quarterly dividend of $0.18 per share for its common stock.
When will the dividend be paid?
The dividend will be paid on December 13 to shareholders who are on record as of November 29.
What type of company is CNB Financial Corporation?
CNB Financial Corporation is a financial holding company that operates primarily through its subsidiary, CNB Bank, providing various banking services.
How large are the assets of CNB Financial Corporation?
The consolidated assets of CNB Financial Corporation are approximately $6.0 billion.
In which states does CNB Bank operate?
CNB Bank has a presence in Pennsylvania, Ohio, New York, and Virginia, with multiple branches and service options available to customers.
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