Commercial National Financial
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | May 1934 |
| Headquarters | Latrobe, Pennsylvania , United States |
| Products | Commercial banking and trust services, deposit accounts, financial advisory, investment management, lending solutions |
| Parent | Commercial Bank & Trust of PA |
Commercial National Financial Corporation is a federally registered financial holding company in accordance with the Bank Holding Company Act of 1956, as amended. It is the sole proprietor of Commercial Bank & Trust of PA, which delivers a range of commercial banking and trust services such as deposit accounts, financial advisory, investment management, and lending solutions. The company’s shares are traded under the ticker CNAF on the OTCQX platform within the OTC Markets network.
History
Commercial Bank & Trust of PA was founded in May 1934 at the Latrobe branch formerly operated by Peoples National Bank, which continues to serve as its central administrative office and principal retail location.
In 2008, Commercial National Financial Corporation completed the acquisition of Ridge Properties Inc., a Pennsylvania-based entity holding shares in Commercial National Financial Corporation, through a Stock Purchase Agreement executed with its shareholders.
The board of directors authorized a voluntary withdrawal of its common stock from NASDAQ and initiated deregistration with the SEC in June 2012.