CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.27 Per Share

Rhea-AI Summary

CNB Community Bancorp, Inc. (OTCQX:CNBB) declared a quarterly cash dividend of $0.27 per share, marking an increase of $0.01 from the previous year. This dividend is payable on October 15, 2021. As a one-bank holding company, CNB operates County National Bank, which has over $1 billion in assets and ranks 23rd in American Banker Magazine's Top 200 publicly traded banks under $2 billion. Serving South Central Michigan since 1934, CNB offers a variety of financial products through its network of branches and ATMs.

Positive

• Quarterly cash dividend increased to $0.27 per share.
• Dividend payable on October 15, 2021.
• CNB ranks 23rd among publicly traded banks under $2 billion.

Negative

• None.

HILLSDALE, Mich., Sept. 9, 2021 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX:CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.27 per share, an increase of $0.01 per share from the dividend paid for the 3^rd Quarter of 2020, payable on October 15, 2021.

About CNB Community Bancorp, Inc.
CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company.  Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered full-service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934. In 2021, CNB was ranked 23^rd in American Banker Magazine's Top 200 publicly traded banks under $2 billion and CNB has grown to over $1 billion in assets. The corporate headquarters are in Hillsdale, Michigan.  CNB provides a wide array of financial products and services through its 13 full-service offices and 19 ATMs.

 

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SOURCE CNB Community Bancorp, Inc.

FAQ

What is the current dividend amount for CNB Community Bancorp (CNBB)?

The current dividend amount for CNB Community Bancorp is $0.27 per share.

When is the dividend for CNB Community Bancorp (CNBB) paid?

The dividend for CNB Community Bancorp is payable on October 15, 2021.

How often does CNB Community Bancorp (CNBB) pay dividends?

CNB Community Bancorp pays dividends quarterly.

Is the dividend increase for CNB Community Bancorp (CNBB) sustainable?

The sustainability of the dividend increase will depend on future financial performance.