Commercial National Declares $0.11 Per Share First Quarter Dividend
Commercial National Financial has announced a quarterly dividend of $0.11 per share, payable March 7, 2025, to shareholders of record as of February 28, 2025. The company's executive officers and directors own 460,757 shares, representing 16.11% of outstanding shares as of December 31, 2024.
The company employs 78 people, with 33 represented by UAW Local 1799. A new labor agreement was ratified in November 2023, effective February 15, 2024, and will expire in February 2029. The company operates seven community banking facilities in Pennsylvania, along with an asset management and trust division, internet banking, and automated TouchTone Teller services.
Commercial National Financial ha annunciato un dividendo trimestrale di $0.11 per azione, pagabile il 7 marzo 2025, agli azionisti registrati al 28 febbraio 2025. Gli ufficiali esecutivi e i direttori dell'azienda possiedono 460.757 azioni, che rappresentano il 16,11% delle azioni in circolazione al 31 dicembre 2024.
L'azienda impiega 78 persone, di cui 33 rappresentate dalla UAW Local 1799. Un nuovo accordo di lavoro è stato ratificato nel novembre 2023, con efficacia dal 15 febbraio 2024, e scadrà nel febbraio 2029. L'azienda gestisce sette filiali bancarie comunitarie in Pennsylvania, insieme a una divisione di gestione patrimoniale e fiduciaria, servizi di internet banking e servizi automatizzati di TouchTone Teller.
Commercial National Financial ha anunciado un dividendo trimestral de $0.11 por acción, que se pagará el 7 de marzo de 2025, a los accionistas registrados hasta el 28 de febrero de 2025. Los oficiales ejecutivos y directores de la compañía poseen 460,757 acciones, lo que representa el 16.11% de las acciones en circulación al 31 de diciembre de 2024.
La empresa emplea a 78 personas, de las cuales 33 están representadas por UAW Local 1799. Un nuevo acuerdo laboral fue ratificado en noviembre de 2023, con efecto a partir del 15 de febrero de 2024, y expirará en febrero de 2029. La compañía opera siete instalaciones bancarias comunitarias en Pennsylvania, además de una división de gestión de activos y fideicomisos, banca por internet y servicios automatizados de TouchTone Teller.
Commercial National Financial는 주당 $0.11의 분기 배당금을 발표했으며, 이는 2025년 3월 7일에 지급되고 2025년 2월 28일 기준의 주주에게 지급됩니다. 회사의 임원과 이사는 460,757주를 보유하고 있으며, 이는 2024년 12월 31일 기준으로 발행 주식의 16.11%를 차지합니다.
회사는 78명의 직원을 고용하고 있으며, 그 중 33명이 UAW Local 1799에 의해 대표됩니다. 새로운 노동 계약은 2023년 11월에 비준되었으며, 2024년 2월 15일부터 효력이 발생하고 2029년 2월에 만료됩니다. 회사는 펜실베이니아에서 7개의 지역 은행 지점을 운영하며, 자산 관리 및 신탁 부서, 인터넷 뱅킹, 자동화된 TouchTone Teller 서비스를 제공합니다.
Commercial National Financial a annoncé un dividende trimestriel de 0,11 $ par action, payable le 7 mars 2025, aux actionnaires inscrits au 28 février 2025. Les dirigeants et administrateurs de la société détiennent 460 757 actions, représentant 16,11 % des actions en circulation au 31 décembre 2024.
L'entreprise emploie 78 personnes, dont 33 sont représentées par UAW Local 1799. Un nouvel accord de travail a été ratifié en novembre 2023, prenant effet le 15 février 2024, et expirera en février 2029. L'entreprise exploite sept installations bancaires communautaires en Pennsylvanie, ainsi qu'une division de gestion d'actifs et de fiducie, des services de banque en ligne et des services automatisés de TouchTone Teller.
Commercial National Financial hat eine vierteljährliche Dividende von 0,11 $ pro Aktie angekündigt, die am 7. März 2025 an die Aktionäre ausgezahlt wird, die am 28. Februar 2025 im Aktienregister stehen. Die Führungskräfte und Direktoren des Unternehmens besitzen 460.757 Aktien, was 16,11 % der ausstehenden Aktien zum 31. Dezember 2024 entspricht.
Das Unternehmen beschäftigt 78 Mitarbeiter, von denen 33 von der UAW Local 1799 vertreten werden. Ein neuer Tarifvertrag wurde im November 2023 ratifiziert, der am 15. Februar 2024 in Kraft tritt und im Februar 2029 ausläuft. Das Unternehmen betreibt sieben Gemeinschaftsbankfilialen in Pennsylvania sowie eine Vermögensverwaltungs- und Treuhandabteilung, Internetbanking und automatisierte TouchTone Teller-Dienste.
- Consistent dividend payment maintained at $0.11 per share
- Significant insider ownership at 16.11% indicates management alignment with shareholders
- Long-term labor agreement secured until 2029, providing operational stability
- Unionized workforce limits strategic options compared to non-unionized competitors
- geographical presence restricted to Pennsylvania market
LATROBE, PA / ACCESS Newswire / February 18, 2025 / Commercial National Financial Corporation, parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of
Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 460,757 shares, or
As disclosed each year in the Annual Report to Shareholders, on December 31, 2024, the Company employed 78 people in full-time and part-time positions. Thirty three (33) employees are represented by the United Auto Workers, Local 1799. Of that bargaining unit total, thirty (30) employees are full-time and there are three (3) part-time employees. The Company has had unionized employees since 1972. In November 2023, the agreement between the Company and the bargaining unit was negotiated and subsequently ratified by the bargaining unit with an effective date of February 15, 2024. The labor agreement will expire in February 2029. The Commonwealth of Pennsylvania and the National Labor Relations Board both afford protection to the organized status of pre-existing collective bargaining units. The Company has been advised that bargaining unit status limits the Company's strategic options relative to those of non-unionized insured depository institutions. The Company continues to consider this as a factor in its strategic and capital management decisions.
The Company operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, Pennsylvania and also maintains a commercial business development sales force throughout its entire market area. The Company operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. Commercial Bank & Trust of PA also serves its customer base from an Internet banking site (www.cnbthebankonline.com) and an automated TouchTone Teller banking system.
Forward Looking Statements
Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements are based on information currently available to the company, and the company assumes no obligation to update these statements as circumstances change. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including changes in general economic and financial market conditions, unforeseen credit problems, and the company's ability to execute its business plans. The actual results of future events could differ materially from those stated in any forward-looking statements herein.
SOURCE: Commercial National Financial Corp. (Pennsylvania)
View the original press release on ACCESS Newswire
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