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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/commercial-national-amends-bylaws-300101535.html
SOURCE Commercial National Financial Corporation