CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.29 Per Share and Special Annual Dividend of $0.20 Per Share

Rhea-AI Summary

CNB Community Bancorp, Inc. (OTC:CNBB) has declared a quarterly cash dividend of $0.29 per share, reflecting a $0.02 increase from last year. Additionally, shareholders will receive a special annual dividend of $0.20 per share. Both dividends are payable on January 13, 2023. The bank, which has served South Central Michigan since 1934, has over $1 billion in assets and was ranked 30th in American Banker Magazine's Top 200 publicly traded banks under $2 billion in 2022.

Positive

• Quarterly cash dividend increased by $0.02 to $0.29 per share.
• Special annual dividend of $0.20 per share announced.
• Strong financial position with over $1 billion in assets.

Negative

• None.

HILLSDALE, Mich., Dec. 16, 2022 /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 $0.29 per share, an increase of $0.02 from the dividend paid for the 4^th Quarter of 2021.  Furthermore, as a special annual dividend, the Board of Directors declared an additional $0.20 per share with both payable on January 13, 2023.

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-0-29-per-share-and-special-annual-dividend-of-0-20-per-share-301704707.html

SOURCE CNB Community Bancorp, Inc.

FAQ

What is the dividend amount declared by CNB Community Bancorp for the fourth quarter of 2022?

CNB Community Bancorp declared a quarterly dividend of $0.29 per share.

When will the dividends be paid to shareholders?

Both the quarterly and special annual dividends will be payable on January 13, 2023.

How has the dividend changed compared to the previous year?

The quarterly dividend increased by $0.02 from the fourth quarter of 2021.

What is the total special annual dividend per share declared?

The total special annual dividend declared is $0.20 per share.

How is CNB Community Bancorp positioned in the banking industry?

CNB was ranked 30th in the Top 200 publicly traded banks under $2 billion by American Banker Magazine in 2022.