LATROBE, Pa., Feb. 7, 2012 /PRNewswire/ -- Commercial
National Financial Corporation (NASDAQ:CNAF), was recently ranked
as #1 in Pennsylvania and #4
nationwide in the First Quarter 2012 Bank Director magazine
for outstanding capital utilization. Commercial National Financial
Corporation is the holding company of banking subsidiary,
Commercial Bank & Trust of PA.
Commercial National was named in the Bank Director
Nifty 50 report which attempts to identify those
institutions that are the best users of capital. Bank
Director magazine and the New
York-based banking firm, Sandler O'Neill + Partners
ranked the 484 U.S. Banks traded on the NYSE, NYSE Amex and Nasdaq
OMX stock exchanges on two financial measurements: core return on
tangible common equity (ROTCE) and the ratio of average tangible
common equity (TCE) to tangible assets. The scores for all the
institutions in each category were then combined to produce a final
score. Sandler O'Neill utilized data provided by SNL
Financial for various calculations.
The full article, Nifty 50 Banking's New Performance
Calculus, by Jack Milligan can
be found on-line at www.bankdirector.com.
In addition to Latrobe,
Pennsylvania where it is headquartered, the Company operates
community-banking facilities in Greensburg, Hempfield Township, Ligonier, North
Huntingdon, Unity Township
and West Newton, Pennsylvania and
also maintains a commercial business development sales force
throughout its entire market area. The Company operates an asset
management and trust division of Commercial Bank & Trust of PA
headquartered in Greensburg,
Pennsylvania. Commercial Bank & Trust of PA also serves
its customer base from an Internet banking site (www.cbthebank.com)
and an automated TouchTone Teller banking system.
Safe Harbor Statement
Forward-looking statements (statements which are not
historical facts) in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. For this purpose, any statements contained herein that are
not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the generality of the
foregoing, words such as "may," "will," "to," "expect," "believe,"
"anticipate," "intend," "could," "would," "estimate," or "continue"
or the negative or other variations thereof or comparable
terminology are intended to identify forward-looking statements.
These statements are based on information currently available to
the Company, and the Company assumes no obligation to update these
statements as circumstances change. Investors are cautioned that
all forward-looking statements involve risk and uncertainties,
including changes in general economic and financial market
conditions, unforeseen credit problems, and the Company's ability
to execute its business plans. The actual results of future
events could differ materially from those stated in any
forward-looking statements herein.
SOURCE Commercial National Financial Corporation