Commercial National Amends Bylaws

LATROBE, Pa., June 18, 2015 /PRNewswire/ -- Commercial National Financial Corporation (OTCQX: CNAF)("Company") has adopted changes to its Bylaws.  On June 16, 2015 the Board of Directors of the Company adopted and approved Amended and Restated Bylaws of the Company which added procedures for the orderly submission of shareholder proposals for the Company's annual shareholder meetings.  No other changes were made to the Bylaws. The new procedure includes (among other things) a requirement to provide timely notice to the Company of any Shareholder proposals not less than 120 nor more than 150 days before the anniversary date of the prior year's proxy statement.

In addition to Latrobe, Pennsylvania where it is headquartered, the Company operates ten 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

Related Links

http://www.cbthebank.com