Commercial National Financial Corporation Announces Share Repurchase Program & Quarterly Dividend

Share Repurchase Program - Commercial National Financial Corporation's Board of Directors approved a share repurchase program with an aggregate purchase amount of $1,000,000 [1] - The authorization for the repurchase program remains in effect indefinitely, allowing the company to repurchase shares at its discretion based on various factors [2] - There is no guarantee on the specific number of shares to be repurchased, and the company can modify or terminate the program at any time [2] Quarterly Dividend - The Board of Directors declared a regular quarterly cash dividend of 14 cents per share, payable on July 1, 2025, to shareholders of record on June 13, 2025 [3] - Based on a recent closing price of $10.45 per share, the annualized dividend yield is 5.36% [3] Company Overview - Commercial National Financial Corporation is the holding company of Commercial Bank, a community bank established in 1893, headquartered in Ithaca, Michigan [4] - The bank serves five Michigan counties: Gratiot, Ingham, Montcalm, Barry, and Ottawa, focusing on the banking needs of the communities [4]