Commercial National Financial Corporation (CEFC)

Overview

Commercial National Financial Corporation is a financial institution operating under its subsidiary, Commercial Bank, to serve a wide range of clients including individuals, agriculture, and businesses in various sectors, primarily within Michigan. Established in 1893, and with its headquarters in Ithaca, Michigan, the corporation has built a solid foundation, extending its services through multiple offices across Barry, Gratiot, Ingham, Montcalm, and Ottawa counties. The company's mission is to offer a comprehensive suite of banking products and services tailored to meet the diverse needs of its clientele, thereby supporting their financial well-being and driving economic growth within the communities it serves.

Products and Services

Deposit Products: Commercial National Financial Corporation provides a variety of deposit options to meet the diverse needs of its customers. These include checking and savings accounts that offer flexibility and convenience for day-to-day transactions, individual retirement accounts (IRAs) to help plan for retirement, certificates of deposit (CDs) for secure, fixed-term investment, and health savings accounts (HSAs) to save for medical expenses.

Personal Loan Products: The company offers a comprehensive range of loan products tailored to individual needs. This includes loans for purchasing automobiles, recreational vehicles, all-terrain vehicles, boats, and snowmobiles, as well as personal lines of credit for flexible borrowing options. Unsecured term loans are available for customers seeking loans without collateral. For those looking to leverage their home equity, the bank provides home equity loans and mortgage loans, aiding in home purchases or renovations.

Business Loans: Commercial National Financial Corporation supports the growth and operational needs of businesses through a variety of loan products. Secured lines of credit, business lines of credit, and Small Business Administration (SBA) loans offer financial flexibility for managing cash flow and investing in growth opportunities. Equipment lines of credit, real estate loans, and vehicle loans are available to finance the acquisition of necessary assets. The bank also participates in USDA loan programs and offers capital access programs to support businesses in achieving their financial goals.

Treasury Management Services: To aid businesses in efficiently managing their finances, the company offers various treasury management services. These include merchant services for processing payments, automated clearing house (ACH) and remote deposit services for convenient transaction management. Additionally, the bank provides debit, credit, and ATM cards for easy access to funds.

Online Services: Recognizing the importance of digital banking, Commercial National Financial Corporation provides a suite of online services. These services include online bill pay, which allows for the convenient payment of bills, and mobile, online, and telephone banking options, granting clients 24/7 access to their accounts and the ability to conduct transactions from anywhere.