Commercial National Financial

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Commercial National Financial Corporation
Company typePublic
OTCQX: CNAF
IndustryFinancial services
Founded1934; 90 years ago (1934)[1]
HeadquartersLatrobe, Pennsylvania, United States
Key people
Howard Poindexter (chairman)
Jeffrey Barker (CEO)
Increase US$ 15,468 million (2012)[2]
Increase US$ 7,265 million (2012)[2]
Total assetsIncrease US$ 373,062 million (2012)[2]
Total equityIncrease US$ 52,766 million (2012)[2]
Websitecnbthebankonline.com

Commercial National Financial Corporation is a registered financial holding company under the Bank Holding Company Act of 1956 as amended.[3][4] The company wholly owns Commercial Bank & Trust of PA under the Bank Holding Company Act.[5] The company's principal business is the operation of Commercial Bank & Trust of PA, which offers various commercial banking and trust services including offering deposit services, providing financial counseling, investing and extending credit.[6][7] Commercial National Financial Corporation uses CNAF as the trading symbol on the OTCQX tier of the OTC Markets.[8]

History[edit]

In May 1934, Commercial Bank & Trust of PA was established in the Latrobe office of the former Peoples National Bank. Today, the company still use this building as administrative headquarters and the main retail office.[9]

In 2008, the Corporation entered into a Stock Purchase Agreement with the shareholders of Ridge Properties Inc. to purchase Ridge Properties Inc, which is a Pennsylvania corporation whose asset is Commercial National Financial Corporation stock.[10][11]

In June, 2012, the Corporation declared that its board of directors approved the voluntary delisting of its common stock from NASDAQ and the deregistration of the company's common stock with the Securities and Exchange Commission (SEC).[12]

References[edit]

  1. ^ "Foundation time".
  2. ^ a b c d "Selected Financial Data" (PDF). Archived from the original (PDF) on 2013-12-14. Retrieved 2013-12-14.
  3. ^ http://quote.morningstar.com/stock-filing/Annual-Report/2011/12/31/t.aspx?t=PINX:CNAF&ft=10-K&d=b8a1a3944c84bfbba44eaac01cd7a29b Archived 2013-12-14 at the Wayback Machine General business in Annual Report
  4. ^ "Google Finance - Stock Market Prices, Real-time Quotes & Business News". www.google.com. Retrieved 2023-05-10.
  5. ^ "Commercial National Financial Corporation (CNAF) Company Profile & Facts - Yahoo Finance". finance.yahoo.com. Retrieved 2023-05-10.
  6. ^ "Commercial Bank and Trust of PA - About Us - Investor Relations". Archived from the original on 2013-12-14. Retrieved 2013-12-14. Business Services in Homepage
  7. ^ "Commercial National Financial Corporation (CNAF) Company Profile & Facts - Yahoo Finance". finance.yahoo.com. Retrieved 2023-05-10.
  8. ^ "Commercial Bank and Trust of PA - About Us - Investor Relations". Archived from the original on 2013-12-14. Retrieved 2013-12-14. Trading symbols
  9. ^ "Commercial National Bank, Greensburg, USA | Head office, swift, bank profile". banksdaily.com. Retrieved 2023-05-10.
  10. ^ "COMMERCIAL NATIONAL FINANCIAL CORP, Form 8-K, Current Report, Entry into a Material Definitive Agreement to Purchase Ridge Properties Inc，Filing Date May 5, 2008". secdatabase.com. Retrieved May 15, 2018.
  11. ^ http://quote.morningstar.com/stock-filing/Annual-Report/2011/12/31/t.aspx?t=PINX:CNAF&ft=10-K&d=b8a1a3944c84bfbba44eaac01cd7a29b Archived 2013-12-14 at the Wayback Machine The Corporation purchased Ridge Properties Inc.
  12. ^ https://www.reuters.com/finance/stocks/CNAF.PK/key-developments/article/2559712 Stock

External links[edit]


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