CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.26 Per Share

Rhea-AI Summary

CNB Community Bancorp, Inc. (OTC: CNBB) has declared a quarterly cash dividend of $0.26 per share, consistent with the same dividend from the 3rd quarter of 2019. This dividend will be payable on October 16, 2020, to shareholders recorded by September 30, 2020. CNB Community Bancorp operates as a one-bank holding company and is recognized for its national charter and Bauer 5-Star rating. The bank's assets have grown to over $945 million, and it has been ranked 19th among America's top publicly traded banks under $2 billion by American Banker Magazine.

Positive

• Quarterly cash dividend of $0.26 per share announced, consistent with prior year.
• Strong financial performance with over $945 million in assets.
• Ranked 19th in American Banker Magazine's Top 200 publicly traded banks under $2 billion.

Negative

• None.

HILLSDALE, Mich., Sept. 11, 2020 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTC: CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.26 per share consistent with dividend paid for the 3^rd Quarter of 2019, payable on October 16, 2020 to shareholders of record on September 30, 2020. 

About CNB Community Bancorp, Inc.
CNB Community Bancorp, Inc. (OTC: CNBB) is a one-bank holding company.  Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered, Bauer 5-Star rated, full service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934. In 2020, CNB was ranked 19^th in American Banker Magazine's Top 200 publicly traded banks under $2 billion and CNB has grown to over $945 million in assets. The corporate headquarters are in Hillsdale, Michigan. CNB provides a wide array of financial products and services in its 12 full-service offices and 18 ATMs.

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SOURCE CNB Community Bancorp, Inc.

FAQ

When is the CNBB dividend payment date?

The CNBB dividend payment date is on October 16, 2020.

What is the amount of the dividend declared by CNB Community Bancorp?

The declared dividend amount by CNB Community Bancorp is $0.26 per share.

Who is eligible to receive the CNBB dividend?

Shareholders recorded as of September 30, 2020, are eligible to receive the CNBB dividend.

How does CNBB's dividend compare to last year's?

The CNBB dividend of $0.26 per share is consistent with the dividend paid in the 3rd quarter of 2019.