CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.27 Per Share and a Special Annual Dividend of $0.20 Per Share

Rhea-AI Summary

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.

Positive

• Quarterly cash dividend of $0.27 per share, consistent with 2020.
• Special annual dividend of $0.20 per share declared.
• Ranked 23rd in Top 200 performing banks under $2 billion in 2021.

Negative

• None.

HILLSDALE, Mich., Dec. 16, 2021 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTC: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, consistent with the $0.27 per share paid as a dividend for the 4^th Quarter of 2020.  Furthermore, as a special annual dividend, the Board of Directors declared an additional $0.20 per share with both payable on January 14, 2022.

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 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 performing 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 through its 13 full-service offices and 19 ATMs.

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SOURCE CNB Community Bancorp, Inc.

FAQ

What is the dividend amount declared by CNB Community Bancorp?

CNB Community Bancorp declared a quarterly cash dividend of $0.27 per share and a special annual dividend of $0.20 per share.

When will the dividends be paid?

Both dividends will be payable on January 14, 2022.

How is CNB Community Bancorp performing in the banking sector?

CNB was ranked 23rd in American Banker Magazine's list of top-performing publicly traded banks under $2 billion in assets in 2021.