CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.27 Per Share

CNB Community Bancorp has declared a quarterly cash dividend of $0.27 per share, marking a $0.01 increase from the previous quarter.

Rhea-AI Summary

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.

Positive

• Increase in quarterly cash dividend to $0.27 per share reflects financial strength.
• Company's assets have surpassed $1 billion, indicating growth.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HILLSDALE, Mich., June 11, 2021 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX:CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.27 per share, an increase of $0.01 per share from the dividend paid for the 2^nd Quarter of 2020, payable on July 16, 2021.

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, Bauer 5-Star rated, full service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934. In 2021, CNB was ranked 23^rd 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 in its 12 full-service offices and 18 ATMs.

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SOURCE CNB Community Bancorp, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the amount of the dividend declared by CNBB?

The dividend declared by CNB Community Bancorp is $0.27 per share.

When will CNBB pay the declared dividend?

The declared dividend will be payable on July 16, 2021.

How much was the increase in CNBB's dividend from the previous quarter?

The dividend increased by $0.01 from the previous quarter.

What is the significance of CNBB's asset growth?

CNB Community Bancorp has grown to over $1 billion in assets, showcasing its financial stability and growth.

What ranking did CNB achieve among publicly traded banks?

CNB was ranked 23rd in American Banker Magazine's Top 200 publicly traded banks under $2 billion.