2010 Second Quarter Dividend
Ithaca, Michigan, May 24, 2010—
Jeffrey S. Barker, President and CEO of Commercial Bank and its holding company, Commercial National Financial Corporation, announced that on May 19, 2010, the corporation’s Board of Directors declared a cash dividend of 13 cents per share. The dividend will be paid on July 1, 2010 to shareholders of record as of June 11, 2010. This dividend represents an annualized yield of 7.4% based upon the recently reported $7.00 per share stock price.
Commercial Bank operates full service banking offices in Alma, Greenville, Ithaca, Middleton, Mt. Pleasant, and St. Louis.
Contact:
Daniel E. Raleigh
Vice President
989-875-5504
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