Commerce National Bank (CNBF.OB) Posts Q1 Results
Community business bank Commerce National Bank today posted its financial results for the first quarter ended March 31, 2010. The bank reported a net profit of $9,000, or $0.00 per diluted share, compared to a net loss of $152,000, or ($0.06) per diluted share, for the quarter ended March 31, 2009. Like many other banking executives commenting on quarterly results, president and CEO Mark E. Simmons said overall financial worries affected the bank, though commercial loans and business deposits remain solid. "While the current economic conditions are still depressed from normal levels, our bank is experiencing some growth in commercial…