We're ranked 7th in the Country!
Ithaca, Michigan July 19, 2011
Commercial National Financial Corporation and Commercial Bank were again recognized in the top 200 Community Banks throughout the United States in the June 2011 edition of US Banker magazine. The bank continues to be the highest rated bank in Michigan and placed 7th in the nation-wide study as measured by the 3-year average of return on equity.
“Despite the challenging economic conditions in Michigan, the bank returned 16.13% on average equity during 2010, which is a tribute to the dedicated efforts of everyone within our organization”, stated Jeffrey S. Barker, President and CEO of Commercial National Financial Corporation and Commercial Bank. “We are very proud that Commercial Bank continues to outperform all but a few of our national peers.”
Commercial National Financial Corporation is a one bank holding company with total assets of $399,000,000 at March 31, 2011. Commercial Bank operates full service banking offices in Alma, Greenville, Hastings, Ithaca, Lake Odessa, Middleton, Mt. Pleasant, and St. Louis.
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