2010 First Quarter Dividend
Ithaca, Michigan, February 19, 2010—
Jeffrey S. Barker, President and CEO of Commercial Bank and its holding company, Commercial National Financial Corporation, announced that on February 17, 2010, the corporation’s Board of Directors declared a cash dividend of 13 cents per share. The dividend will be paid on April 1, 2010, to shareholders of record as of March 12, 2010. This dividend represents an annualized yield of 7.43% based upon the recently reported $7.00 per share stock price.
Commercial Bank operates full service banking offices in Alma, Greenville, Ithaca, Middleton, Mount Pleasant, and St. Louis.
Contact:
Daniel E. Raleigh
Vice President
989-875-4144
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