Commercial Natl Finl Corp [Mi] (CEFC) 9.5500 $CEFC
Commercial National Financial Corporation and Capital Directions, Inc. Announce Signing of Merger Agreement
GlobeNewswire - Thu Jun 16, 7:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC), the parent company of Commercial Bank, and Capital Directions, Inc., (Pink Sheets:CTDN), the parent company of Mason State Bank, announced that they have entered into a definitive merger agreement. Under the terms of the definitive merger agreement, CEFC will acquire all of the outstanding shares of CTDN's common stock for cash and CEFC common stock in a transaction valued at approximately $14.03 million, or $36.07 per share, based on a CEFC stock price of $9.75 per share. CTDN shareholders will have the option of electing consideration in cash or CEFC common stock, subject to 50% of the CTDN common shares being exchanged for cash. Following completion of the transaction, Mason State Bank will be merged into Commercial Bank. Timothy Gaylord, President, CEO and director of CTDN and Mason State Bank, will join the CEFC and Commercial Bank boards upon completion of the transaction.
Commercial National Financial Corporation Announces Quarterly Dividend
GlobeNewswire - Thu May 19, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced that the Board of Directors declared a regular quarterly cash dividend of 13 cents per share payable July 1, 2016 to shareholders of record on June 17, 2016. Based on a recent closing price of $9.80 per share, the annualized dividend yield is 5.31%.
Commercial National Financial Corporation Reports 1st Quarter 2016 Earnings
GlobeNewswire - Wed Apr 27, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2016 first quarter net income of $635,688, or $.20 per share compared to 2015 first quarter net income of $636,264, or $.20 per share.
Commercial National Financial Corporation Reports 4th Quarter 2015 Earnings
GlobeNewswire - Wed Jan 27, 5:00AM CST
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 fourth quarter net income of $599,000, or $.18 per share compared to 2014 fourth quarter net income of $577,000, or $.18 per share. For the year ended December 31, 2015, net income was $2,685,234, or $.83 per share compared to $2,428,009, or $.75 per share for the year ended December 31, 2014.
Commercial National Financial Corporation Reports 3rd Quarter 2015 Earnings
GlobeNewswire - Tue Oct 27, 8:30AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 third quarter net income of $762,000, or $0.23 per share compared to 2014 third quarter net income of $697,000, or $0.21 per share.
Commercial National Financial Corporation Hits the Top 200 List Again
GlobeNewswire - Thu Jun 25, 8:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) which operates through a single subsidiary bank, Commercial Bank, was recognized in the May 2015 issue of American Banker Magazine as one of the nation's Top 200 Publicly Traded Community Banks in the country with a second place ranking in Michigan.
Commercial National Financial Corporation and Capital Directions, Inc. Announce Signing of Merger Agreement
GlobeNewswire - Thu Jun 16, 7:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC), the parent company of Commercial Bank, and Capital Directions, Inc., (Pink Sheets:CTDN), the parent company of Mason State Bank, announced that they have entered into a definitive merger agreement. Under the terms of the definitive merger agreement, CEFC will acquire all of the outstanding shares of CTDN's common stock for cash and CEFC common stock in a transaction valued at approximately $14.03 million, or $36.07 per share, based on a CEFC stock price of $9.75 per share. CTDN shareholders will have the option of electing consideration in cash or CEFC common stock, subject to 50% of the CTDN common shares being exchanged for cash. Following completion of the transaction, Mason State Bank will be merged into Commercial Bank. Timothy Gaylord, President, CEO and director of CTDN and Mason State Bank, will join the CEFC and Commercial Bank boards upon completion of the transaction.
Commercial National Financial Corporation Announces Quarterly Dividend
GlobeNewswire - Thu May 19, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced that the Board of Directors declared a regular quarterly cash dividend of 13 cents per share payable July 1, 2016 to shareholders of record on June 17, 2016. Based on a recent closing price of $9.80 per share, the annualized dividend yield is 5.31%.
Commercial National Financial Corporation Reports 1st Quarter 2016 Earnings
GlobeNewswire - Wed Apr 27, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2016 first quarter net income of $635,688, or $.20 per share compared to 2015 first quarter net income of $636,264, or $.20 per share.
Commercial National Financial Corporation Reports 4th Quarter 2015 Earnings
GlobeNewswire - Wed Jan 27, 5:00AM CST
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 fourth quarter net income of $599,000, or $.18 per share compared to 2014 fourth quarter net income of $577,000, or $.18 per share. For the year ended December 31, 2015, net income was $2,685,234, or $.83 per share compared to $2,428,009, or $.75 per share for the year ended December 31, 2014.
Commercial National Financial Corporation Reports 3rd Quarter 2015 Earnings
GlobeNewswire - Tue Oct 27, 8:30AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 third quarter net income of $762,000, or $0.23 per share compared to 2014 third quarter net income of $697,000, or $0.21 per share.
Commercial National Financial Corporation Hits the Top 200 List Again
GlobeNewswire - Thu Jun 25, 8:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) which operates through a single subsidiary bank, Commercial Bank, was recognized in the May 2015 issue of American Banker Magazine as one of the nation's Top 200 Publicly Traded Community Banks in the country with a second place ranking in Michigan.
