Commonwealth Stock Split Approved At Harrisburg Meeting
Commonwealth National Bank shareholders approved a two for one stock split at the annual meeting near Harrisburg. The split takes effect March 26 increasing shares from 696,625 to 1,393,250. President George L. Morrison Jr. expects market value to settle between 25 and 35 dollars per share. The gathering, about 150 attendees, was at the bank's Swarata Township operations center amid record years in assets deposits and earnings despite Hurricane Agnes.