Latest Commercial National Financial Corp. (CNAF) Headlines
Pharmaceutical Executive, Rick Burch named President of Innovative Med Concepts, LLC
PR Newswire - Wed Feb 19, 9:53AM CST
Mr. Burch joins Innovative Med Concepts, LLC (IMC); a Biotech company based in Tuscaloosa, AL, following his most recent role as V.P. and General Manager of the CNS Business Unit for UCB, a global biopharma company based in Brussels. Prior to UCB, he had a 30-year career with pharmaceutical giant Pfizer, starting as a sales rep and working his way up to Senior Vice President overseeing several divisions as large as 6,500 people and $11.5 billion in revenue. Mr. Burch has launched over 20 pharmaceutical products with accountability for many "blockbuster" brands such as Celebrex, Lyrica, Aricept, Lipitor and Vimpat.
Commercial National Declares $.26 Per Share First Quarter Dividend
PR Newswire - Tue Feb 18, 2:39PM CST
Commercial National Financial Corporation (OTCQB-CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable March 7 to shareholders of record as of February 28.
Commercial National Posts 34.44% Fourth Quarter 2013 Earnings Growth
PR Newswire - Mon Feb 03, 7:55AM CST
Commercial National Financial Corporation (OTC Markets: CNAF) (Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended December 31, 2013. The Company earned $1,581,000 (or $.55 per average share outstanding) in the fourth quarter 2013 compared to $1,176,000 (or $.41 per average share outstanding) in the fourth quarter 2012. The Company earned $5,392,000 (or $1.88 per average share outstanding) for the twelve-month period ended December 31, 2013 and $7,265,000 (or $2.54 per average share outstanding) for the twelve-month period ended December 31, 2012 when $3,317,000 in net realized securities gains were generated. The Company's annualized return on average assets and average equity were 1.68% and 13.92%, respectively, for the quarter ended December 31, 2013 compared to 1.27% and 8.53%, respectively, for the quarter ended December 31, 2012. The Company's return on average assets and average equity were 1.44% and 11.07%, respectively, for the twelve month period ended December 31, 2013 compared to 1.93% and 13.19%, respectively, for the twelve-month period ended December 31, 2012. Tier one risk-based, total risk-based and leverage capital ratios for December 31, 2013 were 22.13%, 22.86% and 12.93%, respectively.
Commercial National Declares $0.26 Per Share Fourth Quarter Dividend
PR Newswire - Tue Nov 19, 3:18PM CST
Commercial National Financial Corporation (OTCQB: CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable December 6 to shareholders of record as of November 29.
Commercial Bank & Trust of PA Opens New Asset Management & Trust Division Office In Ligonier
PR Newswire - Thu Oct 31, 3:16PM CDT
Ligonier area residents have a new trust office in which to transact business after Commercial Bank & Trust of PA opened an Asset Management & Trust Division Office next door to their Ligonier Community Banking Office. The Asset Management & Trust Division in Ligonier will be staffed by current members from the Trust Division's main office located in Greensburg, Pennsylvania.
Commercial National Reports September 30, 2013 Results
PR Newswire - Fri Oct 25, 1:55PM CDT
Commercial National Financial Corporation (OTC Markets: CNAF) (Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended September 30, 2013. The Company earned $1,361,000 (or $0.47 per average share outstanding) in the third quarter 2013 compared to $1,074,000 (or $0.38 per average share outstanding) in the third quarter 2012. The Company earned $3,811,000 (or $1.33 per average share outstanding) for the nine-month period ended September 30, 2013 and $6,089,000 (or $2.13 per average share outstanding) for the nine-month period ended September 30, 2012. The Company's annualized return on average assets and average equity were 1.48% and 12.25%, respectively, for the quarter ended September 30, 2013 compared to 1.16% and 7.70%, respectively, for the quarter ended September 30, 2012. The Company's annualized return on average assets and average equity for the nine month period ended September 30, 2013 were 1.36% and 10.20%, respectively, compared to 2.14% and 14.74%, respectively, for the nine month period ended September 30, 2012. Tier one risk-based, total risk-based and leverage capital ratios for September 30, 2013 were 22.10%, 22.82% and 13.05%, respectively.
Commercial National Declares $0.26 Per Share Third Quarter Dividend
PR Newswire - Tue Aug 20, 2:44PM CDT
Commercial National Financial Corporation (OTCQB-CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable September 6 to shareholders of record as of August 30.
Commercial National Reports June 30, 2013 Results
PR Newswire - Fri Jul 26, 1:08PM CDT
Commercial National Financial Corporation (OTC Markets: CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended June 30, 2013. The Company earned $1,348,000 (or $0.47 per average share outstanding) in the second quarter 2013 compared to $1,220,000 (or $0.43 per average share outstanding) in the second quarter 2012. The Company earned $2,450,000 (or $0.86 per average share outstanding) for the six-month period ended June 30, 2013 and $5,016,000 (or $1.75 per average share outstanding) for the six-month period ended June 30, 2012 when $3,195,000 in net securities gains were realized. The Company's annualized return on average assets and average equity were 1.44% and 10.30%, respectively, for the quarter ended June 30, 2013 compared to 1.31% and 8.86%, respectively, for the quarter ended June 30, 2012. The Company's annualized return on average assets and average equity for the six month period ended June 30, 2013 were 1.30% and 9.32%, respectively, compared to 2.61% and 18.35%, respectively, for the six month period ended June 30, 2012. Tier one risk-based, total risk-based and leverage capital ratios for June 30, 2013 were 22.24%, 23.00% and 13.02%, respectively.
Commercial National Declares $0.26 Per Share Second Quarter Dividend
PR Newswire - Tue May 21, 1:38PM CDT
Commercial National Financial Corporation (OTCQB-CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable June 7 to shareholders of record as of May 31.
Commercial National Reports First Quarter 2013 Results
PR Newswire - Tue Apr 30, 1:45PM CDT
Commercial National Financial Corporation (OTC Markets: CNAF) (Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended March 31, 2013. The Company earned $1,102,000 (or $0.39 per average share outstanding) in the first quarter 2013 compared to $3,796,000 (or $1.33 per average share outstanding) in the first quarter 2012. The Company's annualized return on average assets and average equity were 1.17% and 8.35%, respectively, for the quarter ended March 31, 2013 compared to 3.83% and 27.97%, respectively, for the quarter ended March 31, 2012. Tier one risk-based, total risk-based and leverage capital ratios for first quarter-end 2013 were 22.65%, 23.43% and 12.88% respectively. Loan portfolio credit quality remains very high and no loan loss provisioning has been needed over the past 17 consecutive fiscal quarters.
Commercial National Reports Record Earnings For 2012
PR Newswire - Mon Feb 04, 9:46AM CST
Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported earnings for the quarter ended December 31, 2012. The Company earned $1,176,000 (or $.41 per average share outstanding) in the fourth quarter 2012 compared to $1,989,000 (or $.70 per average share outstanding) in the fourth quarter 2011. The Company earned $7,265,000 (or $2.54 per average share outstanding) for the twelve-month period ended December 31, 2012 and $6,715,000 (or $2.35 per average share outstanding) for the twelve-month period ended December 31, 2011. The Company's annualized return on average assets and average equity were 1.27% and 8.53%, respectively, for the quarter ended December 31, 2012 compared to 2.00% and 15.56%, respectively, for the quarter ended December 31, 2011. The Company's annualized return on average assets and average equity were 1.93% and 13.19%, respectively, for the twelve month period ended December 31, 2012 compared to 1.77% and 13.84%, r
Pharmaceutical Executive, Rick Burch named President of Innovative Med Concepts, LLC
PR Newswire - Wed Feb 19, 9:53AM CST
Mr. Burch joins Innovative Med Concepts, LLC (IMC); a Biotech company based in Tuscaloosa, AL, following his most recent role as V.P. and General Manager of the CNS Business Unit for UCB, a global biopharma company based in Brussels. Prior to UCB, he had a 30-year career with pharmaceutical giant Pfizer, starting as a sales rep and working his way up to Senior Vice President overseeing several divisions as large as 6,500 people and $11.5 billion in revenue. Mr. Burch has launched over 20 pharmaceutical products with accountability for many "blockbuster" brands such as Celebrex, Lyrica, Aricept, Lipitor and Vimpat.
Commercial National Declares $.26 Per Share First Quarter Dividend
PR Newswire - Tue Feb 18, 2:39PM CST
Commercial National Financial Corporation (OTCQB-CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable March 7 to shareholders of record as of February 28.
Commercial National Posts 34.44% Fourth Quarter 2013 Earnings Growth
PR Newswire - Mon Feb 03, 7:55AM CST
Commercial National Financial Corporation (OTC Markets: CNAF) (Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended December 31, 2013. The Company earned $1,581,000 (or $.55 per average share outstanding) in the fourth quarter 2013 compared to $1,176,000 (or $.41 per average share outstanding) in the fourth quarter 2012. The Company earned $5,392,000 (or $1.88 per average share outstanding) for the twelve-month period ended December 31, 2013 and $7,265,000 (or $2.54 per average share outstanding) for the twelve-month period ended December 31, 2012 when $3,317,000 in net realized securities gains were generated. The Company's annualized return on average assets and average equity were 1.68% and 13.92%, respectively, for the quarter ended December 31, 2013 compared to 1.27% and 8.53%, respectively, for the quarter ended December 31, 2012. The Company's return on average assets and average equity were 1.44% and 11.07%, respectively, for the twelve month period ended December 31, 2013 compared to 1.93% and 13.19%, respectively, for the twelve-month period ended December 31, 2012. Tier one risk-based, total risk-based and leverage capital ratios for December 31, 2013 were 22.13%, 22.86% and 12.93%, respectively.
Commercial National Declares $0.26 Per Share Fourth Quarter Dividend
PR Newswire - Tue Nov 19, 3:18PM CST
Commercial National Financial Corporation (OTCQB: CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable December 6 to shareholders of record as of November 29.
Commercial Bank & Trust of PA Opens New Asset Management & Trust Division Office In Ligonier
PR Newswire - Thu Oct 31, 3:16PM CDT
Ligonier area residents have a new trust office in which to transact business after Commercial Bank & Trust of PA opened an Asset Management & Trust Division Office next door to their Ligonier Community Banking Office. The Asset Management & Trust Division in Ligonier will be staffed by current members from the Trust Division's main office located in Greensburg, Pennsylvania.
Commercial National Reports September 30, 2013 Results
PR Newswire - Fri Oct 25, 1:55PM CDT
Commercial National Financial Corporation (OTC Markets: CNAF) (Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended September 30, 2013. The Company earned $1,361,000 (or $0.47 per average share outstanding) in the third quarter 2013 compared to $1,074,000 (or $0.38 per average share outstanding) in the third quarter 2012. The Company earned $3,811,000 (or $1.33 per average share outstanding) for the nine-month period ended September 30, 2013 and $6,089,000 (or $2.13 per average share outstanding) for the nine-month period ended September 30, 2012. The Company's annualized return on average assets and average equity were 1.48% and 12.25%, respectively, for the quarter ended September 30, 2013 compared to 1.16% and 7.70%, respectively, for the quarter ended September 30, 2012. The Company's annualized return on average assets and average equity for the nine month period ended September 30, 2013 were 1.36% and 10.20%, respectively, compared to 2.14% and 14.74%, respectively, for the nine month period ended September 30, 2012. Tier one risk-based, total risk-based and leverage capital ratios for September 30, 2013 were 22.10%, 22.82% and 13.05%, respectively.
Commercial National Declares $0.26 Per Share Third Quarter Dividend
PR Newswire - Tue Aug 20, 2:44PM CDT
Commercial National Financial Corporation (OTCQB-CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable September 6 to shareholders of record as of August 30.
Commercial National Reports June 30, 2013 Results
PR Newswire - Fri Jul 26, 1:08PM CDT
Commercial National Financial Corporation (OTC Markets: CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended June 30, 2013. The Company earned $1,348,000 (or $0.47 per average share outstanding) in the second quarter 2013 compared to $1,220,000 (or $0.43 per average share outstanding) in the second quarter 2012. The Company earned $2,450,000 (or $0.86 per average share outstanding) for the six-month period ended June 30, 2013 and $5,016,000 (or $1.75 per average share outstanding) for the six-month period ended June 30, 2012 when $3,195,000 in net securities gains were realized. The Company's annualized return on average assets and average equity were 1.44% and 10.30%, respectively, for the quarter ended June 30, 2013 compared to 1.31% and 8.86%, respectively, for the quarter ended June 30, 2012. The Company's annualized return on average assets and average equity for the six month period ended June 30, 2013 were 1.30% and 9.32%, respectively, compared to 2.61% and 18.35%, respectively, for the six month period ended June 30, 2012. Tier one risk-based, total risk-based and leverage capital ratios for June 30, 2013 were 22.24%, 23.00% and 13.02%, respectively.
Commercial National Declares $0.26 Per Share Second Quarter Dividend
PR Newswire - Tue May 21, 1:38PM CDT
Commercial National Financial Corporation (OTCQB-CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable June 7 to shareholders of record as of May 31.
Commercial National Reports First Quarter 2013 Results
PR Newswire - Tue Apr 30, 1:45PM CDT
Commercial National Financial Corporation (OTC Markets: CNAF) (Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended March 31, 2013. The Company earned $1,102,000 (or $0.39 per average share outstanding) in the first quarter 2013 compared to $3,796,000 (or $1.33 per average share outstanding) in the first quarter 2012. The Company's annualized return on average assets and average equity were 1.17% and 8.35%, respectively, for the quarter ended March 31, 2013 compared to 3.83% and 27.97%, respectively, for the quarter ended March 31, 2012. Tier one risk-based, total risk-based and leverage capital ratios for first quarter-end 2013 were 22.65%, 23.43% and 12.88% respectively. Loan portfolio credit quality remains very high and no loan loss provisioning has been needed over the past 17 consecutive fiscal quarters.
Commercial National Reports Record Earnings For 2012
PR Newswire - Mon Feb 04, 9:46AM CST
Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported earnings for the quarter ended December 31, 2012. The Company earned $1,176,000 (or $.41 per average share outstanding) in the fourth quarter 2012 compared to $1,989,000 (or $.70 per average share outstanding) in the fourth quarter 2011. The Company earned $7,265,000 (or $2.54 per average share outstanding) for the twelve-month period ended December 31, 2012 and $6,715,000 (or $2.35 per average share outstanding) for the twelve-month period ended December 31, 2011. The Company's annualized return on average assets and average equity were 1.27% and 8.53%, respectively, for the quarter ended December 31, 2012 compared to 2.00% and 15.56%, respectively, for the quarter ended December 31, 2011. The Company's annualized return on average assets and average equity were 1.93% and 13.19%, respectively, for the twelve month period ended December 31, 2012 compared to 1.77% and 13.84%, r
