CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.28 Per Share

Rhea-AI Summary

On September 15, 2022, CNB Community Bancorp, Inc. (OTCQX: CNBB) declared a quarterly cash dividend of $0.28 per share, marking a $0.01 increase from the previous quarter. This dividend is payable on October 14, 2022, to shareholders on record as of September 30, 2022. CNB Community Bancorp operates County National Bank, a full-service community bank with over $1 billion in assets, serving South Central Michigan since 1934. The bank has 13 full-service offices and is recognized among the Top 200 publicly traded banks under $2 billion in assets.

Positive

• Declared a quarterly cash dividend of $0.28 per share, an increase of $0.01 from the previous quarter.
• Company's assets exceed $1 billion, indicating robust financial health.
• Ranked 30th in American Banker Magazine's Top 200 publicly traded banks under $2 billion.

Negative

• None.

HILLSDALE, Mich., Sept. 15, 2022 /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 $0.28 per share, an increase of $0.01 from the dividend paid for the 2^nd Quarter of 2022, payable on October 14, 2022 for shareholders of record on September 30, 2022.

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 2022, CNB was ranked 30^th 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.

View original content:https://www.prnewswire.com/news-releases/cnb-community-bancorp-inc-declares-quarterly-cash-dividend-of-0-28-per-share-301625807.html

SOURCE CNB Community Bancorp, Inc.

FAQ

What is the dividend amount declared by CNB Community Bancorp?

CNB Community Bancorp declared a quarterly cash dividend of $0.28 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on October 14, 2022.

What is the record date for the dividend?

The record date for the dividend is September 30, 2022.

Has CNB Community Bancorp increased its dividend recently?

Yes, the dividend was increased by $0.01 from the previous quarter.

How has CNB Community Bancorp performed in terms of assets?

CNB Community Bancorp has over $1 billion in assets.