Commercial National Declares $.11 Per Share Third Quarter Dividend

Rhea-AI Summary

Commercial National Financial Corporation (OTCQX:CNAF) has declared a quarterly dividend of $0.11 per share, payable September 5 to shareholders of record as of August 29, 2025. The company's executive officers and directors own 498,457 shares (17.42%) of the outstanding shares.

The company operates seven community banking facilities across Pennsylvania and employs 77 people, including 33 unionized employees represented by UAW Local 1799. A labor agreement ratified in November 2023 will remain effective until February 2029. The company acknowledges that its unionized status may impact strategic options compared to non-unionized institutions.

Positive

• Consistent dividend payment maintained at $0.11 per share
• Significant insider ownership at 17.42% indicates management alignment with shareholders
• Long-term labor agreement in place until 2029 provides operational stability

Negative

• Limited strategic flexibility due to unionized workforce compared to non-unionized competitors

LATROBE, PA / ACCESS Newswire / August 19, 2025 / Commercial National Financial Corporation (OTCQX:CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.11 per share payable September 5 to shareholders of record as of August 29.

Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 498,457 shares, or 17.42% on August 19, 2025.

As disclosed each year in the Annual Report to Shareholders, on June 30, 2025, the Company employed 77 people in full-time and part-time positions. Thirty-three (33) employees are represented by the United Auto Workers, Local 1799. Of that bargaining unit total, thirty (30) 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.

# # #

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 is Commercial National Financial Corporation's (OTCQX:CNAF) latest dividend payment?

CNAF declared a quarterly dividend of $0.11 per share, payable September 5, 2025, to shareholders of record as of August 29, 2025.

How much of CNAF stock is owned by insiders?

Executive officers and directors own 498,457 shares, representing 17.42% of the company's outstanding shares as of August 19, 2025.

How many employees does Commercial National Financial Corporation have?

The company employs 77 people in full-time and part-time positions, with 33 employees represented by the United Auto Workers, Local 1799.

When does CNAF's current labor agreement expire?

The labor agreement, which was ratified in November 2023 and became effective February 15, 2024, will expire in February 2029.

How many banking facilities does Commercial National Financial Corporation operate?

CNAF operates seven community banking facilities across Pennsylvania, including locations in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton.