| Business Summary | | Commercial
National
Financial
Corporation
a
bank
holding
company
for
Commercial
National
Bank
of
Pennsylvania.
The
subsidiary
bank
offers
the
full
range
of
banking
services
normally
associated
with
the
general
commercial
banking
business.
Services
include
extending
credit,
providing
deposit
services,
marketing
non-deposit
investments
and
offering
financial
counseling.
The
Company's
business
activities
involve
holding
the
stock
of
its
subsidiary
bank
and
Commercial
National
Investment
Corporation,
which
is
a
50%
owner
of
Commercial
National
Insurance
Services
and
the
Gooder
Agency,
Inc.,
of
Ligonier,
Pennsylvania.
Commercial
National
Insurance
Services
offers
a
full
array
of
insurance
products
and
services
to
consumer
and
commercial
markets.
The
subsidiary
bank
has
two
banking
offices
in
Latrobe,
two
in
Unity
Township
and
one
each
in
Ligonier,
West
Newton,
Greensburg,
Murrysville
and
Hempfield
Township. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNAF
is
a
bank
holding
company
for
Commercial
National
Bank
of
Westmoreland
County.
For
the
three
months
ended
3/31/01,
total
interest
income
fell
3%
to
$6.2
million.
Net
interest
income
after
loan
loss
provision
rose
7%
to
$3.7
million.
Net
income
rose
1%
to
$1.2
million.
Net
interest
income
reflects
fewer
securities
held,
offset
by
a
lower
cost
of
funds.
Net
income
was
partially
offset
by
increased
salaries
and
employee
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Louis Steiner, 70 Chairman | $121K | Louis Steiner, 39 Vice
Chairman, CEO, Pres | 130K | Gregg Hunter, 42 Vice
Chairman, CFO | 112K | Ryan Glista, 33 VP,
Controller | -- | Wendy Schmucker, 32 Sec.,
Treasurer and VP, and Mang. Corp. Admin. | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|