Commercial National Declares $0.11 Per Share Fourth Quarter Dividend

Rhea-AI Summary

Commercial National Financial Corporation (NASDAQ:CNAF) declared a quarterly cash dividend of $0.11 per share payable on December 5, 2025 to shareholders of record as of November 28, 2025. Direct and beneficial ownership by executive officers and directors totaled 504,607 shares (17.66%) as of October 21, 2025. The company reported 78 employees as of September 30, 2025, with 34 employees represented by United Auto Workers Local 1799; the current labor agreement is effective Feb 15, 2024 and expires Feb 2029.

The company operates seven community banking facilities in western Pennsylvania, an asset management and trust division, an Internet banking site, and a TouchTone Teller system. Forward-looking statements and risk factors were included.

Positive

• $0.11 per share quarterly dividend declared
• Dividend payable Dec 5, 2025 to record holders on Nov 28, 2025
• Insiders hold 17.66% of outstanding shares (alignment)

Negative

• Union representation limits strategic options compared with non-union banks
• Labor agreement in force until Feb 2029 (multi-year constraint)

LATROBE, PA / ACCESS Newswire / November 18, 2025 / Commercial National Financial Corporation, parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.11 per share payable December 5, 2025 to shareholders of record as of November 28, 2025.

Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 504,607 shares, or 17.66% on October 21, 2025.

As disclosed each year in the Annual Report to Shareholders, on September 30, 2025, the Company employed 78 people in full-time and part-time positions. Thirty-four (34) employees are represented by the United Auto Workers, Local 1799. Of that bargaining unit total, thirty (31) employees are full-time and there are three (3) part-time employees. The Company has had unionized employees since 1972. In November 2023, the agreement between the Company and the bargaining unit was negotiated and subsequently ratified by the bargaining unit with an effective date of February 15, 2024. The labor agreement will expire in February 2029. The Commonwealth of Pennsylvania and the National Labor Relations Board both afford protection to the organized status of pre-existing collective bargaining units. The Company has been advised that bargaining unit status limits the Company's strategic options relative to those of non-unionized insured depository institutions. The Company continues to consider this as a factor in its strategic and capital management decisions.

The Company operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, Pennsylvania and also maintains a commercial business development sales force throughout its entire market area. The Company operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. Commercial Bank & Trust of PA also serves its customer base from an Internet banking site (www.cnbthebankonline.com) and an automated TouchTone Teller banking system.

Forward Looking Statements

Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements are based on information currently available to the company, and the company assumes no obligation to update these statements as circumstances change. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including changes in general economic and financial market conditions, unforeseen credit problems, and the company's ability to execute its business plans. The actual results of future events could differ materially from those stated in any forward-looking statements herein.

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Contact:

Wendy Piper, Secretary
Commercial National Financial Corporation
724-539-3501

SOURCE: Commercial National Financial Corp. (Pennsylvania)

View the original press release on ACCESS Newswire

FAQ

What dividend did Commercial National (CNAF) announce on November 18, 2025?

Commercial National declared a quarterly cash dividend of $0.11 per share on November 18, 2025.

When is the CNAF dividend payable and what is the record date?

The dividend is payable on December 5, 2025 to shareholders of record on November 28, 2025.

How much insider ownership does Commercial National (CNAF) report?

Executive officers and directors beneficially owned 504,607 shares (17.66%) as of October 21, 2025.

How many employees does Commercial National report and how many are unionized?

As of September 30, 2025 the company employed 78 people, with 34 represented by United Auto Workers Local 1799.

Where does Commercial National operate banking services for customers?

The company operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, plus online banking and an automated teller system.