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CNB Community Bancorp, Inc. (OTC: CNBB) has announced the appointment of Craig S. Connor as interim President and CEO, following the departure of John R. Waldron, who had served as CEO for 20 years. Connor, who previously held this position for 15 years until his retirement in 2019, is also the Chairman of the Board. The board expressed gratitude for Waldron's contributions during challenging times and reaffirmed its commitment to community service and financial performance.
On March 18, 2022, CNB Community Bancorp (OTCQX: CNBB) declared a quarterly cash dividend of $0.27 per share, unchanged from the previous quarter. This dividend is payable on April 15, 2022 to shareholders on record by March 31, 2022. CNB Community Bancorp operates as a one-bank holding company, with its subsidiary, County National Bank, offering comprehensive financial services in South Central Michigan since 1934. The bank has over $1 billion in assets and was recognized among the top 200 publicly traded banks under $2 billion by American Banker Magazine in 2021.
CNB Community Bancorp, Inc. (OTC: CNBB) reported a fourth-quarter 2021 net income of $2.2 million, down $136,000 from the previous year. Basic earnings per share fell to $1.04, down from $1.11. For the entire year, net income rose to $11.4 million, an increase of 13.2%, with basic earnings per share at $5.36. Key metrics showed total assets at $1.15 billion, a 22.5% increase, and total deposits grew by 24.4% to $1.05 billion. However, returns on assets and equity decreased, reflecting challenges faced during the year.
CNB Community Bancorp announced a quarterly cash dividend of $0.27 per share, matching the amount paid in the 4th quarter of 2020. Additionally, a special annual dividend of $0.20 per share was declared, both payable on January 14, 2022. CNB Community Bancorp, operating as a full-service community bank since 1934, has over $1 billion in assets and was ranked 23rd in American Banker Magazine's list of top-performing banks under $2 billion in 2021. The company has 13 full-service offices and 19 ATMs in South Central Michigan.
CNB Community Bancorp, Inc. (OTC: CNBB) reported a 12.1% increase in third-quarter earnings, totaling $2.9 million for the period ending September 30, 2021. Basic earnings per share rose from $1.22 to $1.36. Year-to-date net income grew by 19.5% to $9.2 million. Total assets climbed 16.2% year-over-year, reaching $1.1 billion, with deposits up 17.5% to $990.1 million. However, the annualized return on average assets (ROA) decreased to 1.22%.
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.
CNB Community Bancorp, Inc. (OTCQX: CNBB) reported a strong financial performance for Q2 2021, with earnings of $3.3 million, a 17.2% increase from Q2 2020. Basic EPS rose to $1.55, up from $1.33 in 2020. For the first half of 2021, net income totaled $6.3 million, reflecting a 22.4% increase year-over-year. Key metrics improved: ROA was 1.39%, and total assets increased 10.4% to $1.05 billion. Total deposits also saw significant growth, rising by 11.5% to $945.1 million.
CNB Community Bancorp has declared a quarterly cash dividend of $0.27 per share, marking a $0.01 increase from the previous quarter. The dividend is payable on July 16, 2021. This decision reflects the company's strong financial position as it has grown to over $1 billion in assets and was ranked 23rd among publicly traded banks under $2 billion by American Banker Magazine. CNB has been serving South Central Michigan since 1934.
CNB Community Bancorp, Inc. (OTC: CNBB) reported a strong performance for Q1 2021, posting earnings of $3.0 million, a $700,000 increase from Q1 2020. Basic earnings per share rose to $1.41, up by $0.30 year-over-year. The company achieved an annualized return on average assets (ROA) of 1.40% and a return on average equity (ROE) of 16.8%. Total assets increased by 31.6% to $1,041.0 million, while net loans grew by 25.2% and total deposits rose by 34.6%. Book value per share also improved by 11.9% to $34.74.
CNB Community Bancorp, Inc. (OTC:CNBB) has declared a quarterly cash dividend of $0.27 per share, representing a $0.01 increase from the previous year. The dividend is payable on April 16, 2021. CNB is a one-bank holding company with a Bauer 5-Star rated bank, County National Bank, offering a range of financial services in South Central Michigan. In 2020, CNB was recognized as one of the Top 200 publicly traded banks under $2 billion in assets, boasting over $937 million in total assets.
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