LATROBE, Pa., April 24, 2012 /PRNewswire/ -- Commercial Bank
& Trust of PA (Bank), wholly owned banking subsidiary of
Commercial National Financial Corporation (NASDAQ:CNAF), was
recently ranked as #1 in Pennsylvania and #16 nationwide in the 2011
S&B Top 15th Percentile of Community Banks based on the
Seifried & Brew (S&B) Total Risk/Return Composite Ranking
Report. To achieve the ranking, the Bank demonstrated exemplary
performance of balancing risk and reward based on the Bank's
S&B Total Risk/Return Composite Ranking. The S&B Top 15th
Percentile Banks are inclusive of community banks with assets
between $10 million to $10 billion,
that have excelled in 2011.
The S&B Total Risk/Return Composite Ranking includes two
main components: risk and reward. Under the risk component, S&B
calculates each bank's earnings at risk, credit risk, liquidity
risk, capital risk, national economic risk and state economic risk.
For the reward component, S&B looks at each bank's return on
average assets and return on average equity. These two components
are then combined to provide a composite ranking for each bank.
In order to optimize managed risk, these top performing banks
are built on a strong foundation of sound strategic and capital
planning, which must include assessing risk and setting risk
parameters. Although it is not possible for a community bank to
insulate itself from credit cycles, it is possible to lower its
risk exposure through proper risk assessment and capital planning,
as exemplified by the Top 15th Percentile Banks.
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 Bank & Trust of PA