A Case of Sweet Pickings in Mister Rogers' Neighborhood
Disclosure: As of this posting, I own shares of CNAF and may subsequently either dispose of them or purchase more.
CNAF is the most trusted community bank in three Westmoreland County, PA cities — Latrobe, Pleasant Unity, and Ligonier, in which these fine banks also do business:
First Commonwealth Financial, Indiana, PA (FCF)
F.N.B. Corp, Pittsburg, PA (FNB)
S&T Bancorp, Indiana, PA (STBA)
(as of 09/30/2014)
George V. Welty, Chairman
Gregg E. Hunter, Vice Chairman, President and CEO
Thomas D. Watters, Executive VP and CFO
As far as community bank stocks go, CNAF is mostly sweet as a banana split.
Like the best cherry or "Arnold Palmer," there's just enough of a sour note here to make this stock pick tasty.