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Business Briefs

Commercial National Financial Corp. reports late earnings surge

Stephen Huba
| Tuesday, Jan. 30, 2018, 12:12 p.m.

Latrobe-based Commercial National Financial Corp., parent company of Commercial Bank & Trust of PA, reported an earnings surge for the final quarter of 2017.

The company earned $3.5 million in the fourth quarter of 2017, compared to $760,000 in the fourth quarter of 2016 — a 366 percent increase from year to year.

For the year, the company earned $6.8 million, compared to $4 million in 2016 — a 70 percent increase from year to year.

The company attributed the earnings growth to its “well-proven securities portfolio investment activities.”

The company employs 99 people at nine community banking facilities in Greensburg, Hempfield, Latrobe, Ligonier, North Huntingdon, Unity and West Newton, as well as an asset management and trust division headquartered in Greensburg.

Stephen Huba is a Tribune-Review staff writer. Reach him at 724-850-1280, or via Twitter @shuba_trib. om or via Twitter @shuba_trib.

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