CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

Rhea-AI Summary

CNB Financial (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP) for its Series A Preferred Stock. The dividend is payable on August 30, 2024, to holders of record as of August 16, 2024. CNB Financial , with consolidated assets of approximately $5.9 billion, operates primarily through CNB Bank, offering a full range of banking services across 52 full-service offices in Pennsylvania, Ohio, New York, and Virginia. The 's multi-brand strategy includes ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank, catering to diverse markets and customer segments.

Positive

• Consistent quarterly dividend payment to preferred shareholders
• Diversified operations across multiple states and brands
• Substantial asset base of $5.9 billion

Negative

• None.

CLEARFIELD, Pa., Aug. 01, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP), resulting from the Corporation’s declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on August 30, 2024, to holders of record as of August 16, 2024.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.9 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, three loan production offices, one drive-up office, one mobile office, and 52 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Worthington, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

FAQ

What is the dividend amount for CNB Financial 's Series A Preferred Stock?

CNB Financial (CCNE) declared a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock, resulting in $0.4453125 per depositary share (CCNEP).

When is the dividend payable for CNB Financial 's preferred stock?

The dividend is payable on August 30, 2024, to holders of record as of August 16, 2024.

How many full-service offices does CNB Bank operate?

CNB Bank operates 52 full-service offices across Pennsylvania, Ohio, New York, and Virginia.

What are the different brand divisions of CNB Financial ?

CNB Financial 's brand divisions include ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank, each serving different geographic markets and customer segments.