News & Announcements


Chairman, President, Stuart H Lubow pictured with Governor Jeb Bush at the recent NYBA Conference

Chairman, President, Stuart H Lubow pictured with Governor Jeb Bush at the recent NYBA Conference




American Heart Association's 26th Annual Golf Classic, A Joel Hamroff Memorial Tribute

Community National Bank Chairman, President & CEO Stuart H. Lubow was the honoree for the American Heart Association's 26th Annual Golf Classic, "A Joel Hamroff Memorial Tribute". The event was held on June 16, 2014 at the Meadow Brook Club. Community National Bank was also proud to be the Event Sponsor and would like to thank the many CNB clients who generously supported the event.

American Heart Association’s 26th Annual Golf Classic, A Joel Hamroff Memorial Tribute

American Heart Association's 26th Annual Golf Classic, A Joel Hamroff Memorial Tribute

Photo Above: Stuart H. Lubow, Chairman, President & CEO of Community National Bank and Marc Hamroff.




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Community National Bank Grand Opening in Hewlett Harbor

Hewlett Harbor, NY, Community National Bank (CNB) is now open for business at its eleventh new branch at 1218 Broadway in Hewlett.

Under Stuart Lubow, Chairman, President and CEO, CNB has achieved significant growth and branch expansion, making it one of the fastest growing community commercial banks in the Tri-State area.

Community National Bank's success is in an emphasis on outstanding customer service and the efficiency with which they approve business loans: CNB's Lending Officers are local and authorized to make quick, independent loan decisions without having to go through out-of-state loan committees. Everyone at CNB is accessible, including the President.

A special Business Reception and ribbon cutting ceremony will begin at 4 p.m. on September 17th with officials from the Town of Hempstead, Hewlett Harbor and Community National Bank. Bank Chairman, President and CEO, Stuart H. Lubow, will preside over the ribbon cutting, lead the festivities and welcome area dignitaries and community leaders.

Community National is excited to announce a month long Grand Opening Celebration with special events on Saturday, September 28th and Sunday, September 29th. Everyone is welcome to attend this special weekend jubilee with free cash prizes for the first 250 visitors, face painting for the kids, free gifts and more. KJOY radio personality, Jon Daniels will emcee the celebration and broadcast live that weekend. Try your hand at the KJOY prize wheel to win outstanding prizes at Community National Bank, Hewlett.

For more information about Community National Bank visit www.CNBNY.com or contact Donna Frasco, Senior Vice President & Chief Retail Officer at (516) 498-9111 x1111

Member FDIC/Equal Housing Lender/Equal Opportunity Lender


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Searching for a new kind of customer, NY community bank found unparalleled loan growth

From SNL.com - By Thornton McEnery

According to Stu Lubow, "Nothing's cookie cutter in this world."

The chairman, president and CEO of Great Neck, N.Y.-based Community National Bank used that philosophy to govern his bank's approach toward growing its loan origination business as it emerged from the shadows of the financial crisis.

"We saw that small businesses in our markets were no longer using the day-to-day thinking that they had been forced into during the crisis," Lubow told SNL, describing the shift that he identified as a major opportunity in the early aftermath of the mortgage crisis roughly four years ago. He and his bank responded with a plan that culminated in a rather stunning outcome when Lubow announced the bank's results for the fiscal year 2012.

Stu LubowSince the end of fiscal year 2009, Community National had expanded its asset base by 64.7%, a powerful pace of overall growth connected to the bank's loan business, which grew by 79.7% over the same period. Lubow also reported that Community National had grown its net loans by almost 30% in 2012 alone, driven by the strength of its commercial loan business, which grew by a staggering 40.35%.

Research by SNL recently found that loan growth among banks with less than $10 billion in assets grew at an average rate of 1.98% nationwide during 2012. In Community National's region, the Mid-Atlantic, the average was significantly higher at 3.82%. By booking $101.1 million in new commercial loans alone over four quarters, Community National, with its $665.7 million in assets, outpaced any comparison to any metric of loan growth among U.S. banks its size.

To borrow from Lubow's own credo, Community National's results so far are anything but "cookie cutter."

Community National's outstanding results are due in large part to the uniqueness of its growth plan, according to Lubow. It evolved out of recognition that a disparity existed in how larger lenders serviced smaller borrowers after the financial crisis.

"The small to midmarket companies that we serve geographically, the ones that came out of the crisis feeling stable, the ones that made it through, were now thinking things over in the longer term," Lubow said. "Those companies were reviewing their banking relationships, looking at their servicing and fees."

Despite operating in a hypercompetitive market, one that stretches across the Long Island region of New York and into New York City proper, Community National saw possibility in its relative size to stand out from the bigger players in the Big Apple. Lubow and his team could grow the bank's lending business in the shadow of larger institutions such as JPMorgan, HSBC, Capital One and Sovereign Bank by becoming a major lender to the smaller businesses they believed were being overlooked or underserviced by larger banks in the region.

"We made a commitment to lending to smaller-scale businesses on terms that reflected where they were financially," Lubow said.

He added that risk existed in this approach because, while loan origination increases bank income through servicing fees, what Community National intended to offer meant that its income would grow at a markedly lower rate than that of bigger lenders, which have larger servicing infrastructure and the ability to charge higher fees.

To offset this discrepancy, Community National would have to make these loans in higher volumes, making it imperative that the bank identify the targeted consumer base in a region with more-than-adequate competition from banks and other lenders. The challenge spoke to Lubow's "one size does not fit all" approach, which spurred Community National's creation of what he refers to as a "total banking relationship" in which the price points and service agreements for individual loans are negotiated with each consumer to best fit their business.

Belief in what the "total" relationship could yield was evident in the bank's 2010 decision to execute a secondary common stock offering. Lubow stated at the time that the new capital would be used to pursue an overall growth strategy for the bank and "increase its lending capacity to small and medium-sized commercial businesses."

The bank closed the offering in July 2010, raising roughly $18 million in the process. During the final quarter of that year, Community National announced it would open its first New York City branch in Queens during early 2011. Community National also reported the bank had grown to $476.8 million in total assets with $328.1 million in total net loans to finish the fiscal year 2010, up from $404 million in total assets and $280.9 million in total net loans one year earlier.

That continuing bottom-line growth began to make itself evident as Community National expanded westward with an eye toward the massive New York City market and its fertile lending environment populated by millions of small businesses.

"As the fastest-growing bank on Long Island, with trust in our product mix," Lubow recalled, "we became opportunistic in newer markets."

That opportunism can be seen in its more obliging pricing and fee structure, which is designed to attract smaller clients. Lubow is quick to acknowledge it also has the potential downside of stunting growth, as the income from smaller loans accrues at lower rates while the bank collects lower fees to service them.

"There is certainly pressure on our credit pricing, but we're steady," Lubow said, "We've sat on a lot of cash waiting for loans to close."

But Lubow also asserted that the lower pricing of Community National's loan and servicing agreements are calculated to best attract businesses in the $5 million to $7 million range, meaning Community National's "loans and servicing fees are priced appropriately for the type of businesses we seek out as clients and the type of lending we do."

The bank's attitude toward pricing did not seem to have any obvious negative impact when Community National ended 2011 with an 18.93% gain in total net loans, marking another major year-over-year gain. Community National achieved that result when it took an even more aggressive approach toward the New York City market by bringing in a lending team to build a foundation for origination in the city's five boroughs.

"When we brought on a New York City loan team, it built us a significant pipeline to start the year [2012]," Lubow said. "More servicers equal the opportunity for more customers."

By the end of 2012, that arithmetic had borne out, as the total net loans grew to $505 million, constituting a 29.18% one-year leap. The results for 2012 also represented a four-year trend of advancement in loan origination for Community National.

"We are now a major player in the region," Lubow said, pointing to the new branch Community National opened in midtown Manhattan during June 2012, its 10th overall, as visible evidence that the bank intends to become an even larger player in the metro market.

The intensity of Community National's focus on smaller borrowers might be a casualty of this growth, though, as Lubow himself said that while more loan professionals often equal more customers, that formula can be extrapolated to prove that "more customers equal larger customers."

But Community National's shift should not come as a shock. After all, Lubow's "anti-cookie cutter" theory has been useful, he mused, "at least as far as I'm concerned."

View the original SNL.com article source


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COMMUNITY NATIONAL BANK CELEBRATES RECORD YEAR AT ANNUAL VIP CELEBRATION

Market Score Board Report Host Ron Insana Provides Keynote Address

December 6, 2012 – Great Neck, NY – To celebrate record growth and earnings, Community National Bank (CBNY.OB), the fastest-growing commercial community bank in the New York tri-state area, hosted their annual dinner meeting for Directors and VIP Clients December 6, 2012 at the Engineers Country Club in Roslyn Harbor. Bank chairman, president and CEO, Stuart H. Lubow, presided over the affair, led the festivities and welcomed important guests to this special celebration.

With more than 155 people in attendance, this was a momentous occasion for the bank and a way to say thank you to those who have contributed to its success.

Before introducing the keynote speaker, Mr. Lubow noted that Community National Bank has enjoyed record 29% growth in 2012, and 31% deposit growth, pushing the bank past $700 million in assets.

In the first quarter of 2013, the bank will open its eleventh branch, Mr. Lubow proudly announced. Like all CNB branches, the new one in Hewlett Harbor will include lending officers authorized to make quick, independent loan decisions without having to go through out-of-state loan committees. Everybody at CNB is accessible, including the President, he added.

Mr. Insana spoke about the economy and what lies ahead in 2013. He predicted three to four percent growth, and that Congress will reach a deal to avoid "the fiscal cliff" before year-end.

Media who wish to schedule an interview, contact Stuart Lubow at (516) 498-9111 x101.


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Community National Bank to Open Full-Service Branch in Hewlett Harbor

CNB's Eleventh Branch Announced Just Months After Opening of the Bank's First Manhattan Branch in May 2012

GREAT NECK, NY – Long Island-based Community National Bank (CBNY.OB),one of the fastest growing commercial community banks in the New York Metropolitan Area, has announced plans to open a full-service branch in the Village of Hewlett Harbor in Nassau County. News of the planned 3,000-square-foot branch – CNB's eleventh – comes just months after the successful debut of the Bank's first Manhattan branch.

Scheduled to open in mid-2013, the new Community National Bank branch will be located at 1218 Broadway in Hewlett Harbor, on the South Shore of Long Island. The announcement comes after CNB received approval from the Office of the Comptroller of the Currency (OCC) to commence banking business at the location.

The full-service branch will feature ample parking, drive-thru banking and 24-hr ATM. CNB customers will enjoy state-of-the-art technology, free online banking and cash management service, remote deposit capture and a night deposit drop.

With commercial loan growth increasing almost 40% and a 22% increase in deposits since last year, Community National Bank has become a particularly attractive banking partner for small- and middle-market companies. The Bank's rapid expansion has exemplified this growth: the new Hewlett Harbor branch marks the fourth new CNB location in the last 18 months.

"As Community National Bank expands into new markets such as Manhattan and Queens, it is important that we also continue to grow in our own backyard – right here on Long Island," said Stuart H. Lubow, President, Chairman and CEO of Community National Bank. "We look forward to bringing our unique, personalized service to Hewlett Harbor, and to developing new relationships with consumers and businesses in the area."

In addition to the new Hewlett Harbor location and its full-service branch headquarters in Great Neck, Community National Bank has branches in Bayside, Queens; Garden City; Huntington; Manhattan (Midtown); Melville; New Hyde Park; Oceanside; Rockville Centre; and Woodbury.


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Community National Bank to Open its First Manhattan Branch

by GlobeSt News Hub

Globe St.
NEW YORK CITY – Community National Bank is opening its first Manhattan branch on East 52nd Street off Fifth Avenue. The Long Island-based bank has inked a 2,404-square-foot retail lease at 12 E. 52nd St.

The bank will occupy the ground-floor space in the seven-story townhouse. The property had an asking rent price of $170 per square foot. Michael Moorin and Paul Davidson of Newmark Grubb Knight Frank represented the tenant, while Heritage Realty Services' George T. Constantin, Peter Zimmar and Al Lawrence represented the ownership. For the full story, go to New York Post.


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Newsday.com
http://www.newsday.com/topics/Melville,_NY

LINews.com
http://www.linews.us/2011/12/community-national-bank-opens-melville-branch

RankaBank.com (news aggregator)
http://www.rankabank.com/Bank-News.asp?Name=The%20Huntington%20National%20Bank

Topix.com(news aggregator)
http://www.topix.com/city/melville-ny/2011/12/community-national-bank-opens-melville-branch


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Community National Bank to Expand into Manhattan with Opening of Tenth Branch

by Christopher Dale
Turchette Advertising
Immediate Release

The Bank's First Full-Service Branch in Midtown Manhattan Also Will Be Home-Base for Two New Commercial Loan Officers

Great Neck, NY – Long Island-based Community National Bank (CBNY.OB), the fastest growing commercial community bank in the New York Metropolitan Area, will open its first Manhattan branch in June. The new 2,400-square-foot branch – CNB's tenth in total – will be located at 12 East 52nd Street between Madison and Fifth Avenues.

Community National Bank customers can enjoy free online banking and cash management services, remote deposit capture, and 24-hour ATM access. In addition to operating as a full-service branch, the Manhattan location will be headquarters for two new commercial loan officers who will spearhead CNB's expansion into New York City.

The heightened focus on the Manhattan market comes at a time of impressive growth for Community National Bank. With commercial loans increasing almost 30% and deposit growth over 40%, CNB has become a particularly attractive banking partner for small- and middle-market companies. CNB also opened two new branches in 2011, including its first New York City branch in Bayside, Queens, and its second Suffolk County branch in Melville.

The announcement for the new Manhattan branch comes after Community National Bank received approval from the Office of the Comptroller of the Currency (OCC) to commence banking business at the location.

"Opening a branch in Manhattan is a natural next step for us," said Stuart Lubow, President, Chairman and CEO of Community National Bank. "Community National Bank has enjoyed enormous success on Long Island and in Queens, and established a firm foothold in New York City through Manhattan-based commercial loan officers. With our new full-service branch, we bring something to Manhattan that larger institutions cannot: unparalleled customer service and attention to detail."

In addition to the new Manhattan location and its full-service branch headquarters in Great Neck, Community National Bank has branches in Bayside, Queens; Garden City; Huntington; Melville; New Hyde Park; Oceanside; Rockville Centre; and Woodbury.


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Community National Bank, the fastest growing commercial community bank in the New York Metropolitan Area, opens ninth branch, located in Melville, Long Island

CNBNY Opens Ninth Branch in Melville

Photo 1: Suffolk County Legislator Dr. William R. Spencer and Community National Bank Chairman, President & CEO Stuart Lubow attended the official debut of Community National Bank's new branch in Melville, NY, on the evening of January 12, 2012. Located in the Rubie Corporate Plaza at 400 Broadhollow Road (Rt. 110), the branch is CNB's ninth in total and exemplifies the Bank's steady growth in recent years. www.cnbny.com

Photo 2: Community National Bank (CNB) held a ribbon-cutting ceremony to open a new branch in Melville, NY, on the evening of January 12, 2012. Located in the Rubie Corporate Plaza at 400 Broadhollow Road (Rt. 110),, the branch is CNB's ninth in total and exemplifies the Bank's steady growth in recent years. www.cnbny.com

Pictured left to right: Conrad Gunther, Executive Vice President & Senior Loan Officer for CNB; Ellen O'Brien, Executive Director of the Huntington Township Chamber of Commerce; Dr. William R. Spencer, Suffolk County Legislator; Susan A. Berland, Councilwoman of Huntington, NY; Donna Frasco, Senior Vice President & Chief Retail Officer for CNB; Stuart Lubow, Chairman, President & CEO of CNB; Craig Levy, Vice President & Melville Branch Manager for CNB; Michael DeLuise, President of the Melville Chamber of Commerce; Jay McConie, Senior Vice President & CFO of CNB; and Vita Scaturro, Vice President & Huntington Branch Manager for CNB.

About Community National Bank
Community National Bank is a Long Island-based independent, community, commercial bank operating nine locations throughout Nassau, Suffolk and Queens counties. CNB offers a full range of modern financial services, backed by state-of-the-art technology. In addition to commercial loans, commercial mortgages, small business loans and lines of credit, residential mortgages, CNB also provides a complete selection of traditional personal and commercial deposit products such as no fee individual and business checking accounts, IRA accounts and statement savings. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium-sized businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank's website at www.cnbny.com.


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Community National Bank Opens Branch in Melville, Long Island

by Christopher Dale
Turchette Advertising
Immediate Release

Location in Prestigious Rubie Corporate Plaza Will be Ninth Branch for Fast-Growing
Long Island-based Bank


Great Neck, NY – Community National Bank (CBNY.OB), the fastest growing commercial community bank in the NY Metro Area, has opened its ninth branch at 400 Rt. 110 (Broadhollow Road) in Melville, Long Island. The new state-of-the-art branch has an equally impressive home: the architecturally acclaimed, 135,000-square-foot Rubie Corporate Plaza, one of the most sought-after spaces in the area. The Bank will commence its month-long grand opening promotion in Melville beginning January 9th.

The new branch is CNB's second in Suffolk County, joining its Huntington location. It occupies approximately 3,900 sq. ft. and features ample parking, drive-thru banking and 24-hr ATM. CNB customers can enjoy free online banking and cash management services, remote deposit capture and a night deposit drop. To foster relationships with businesses in the Melville area, CNB's commercial lending team also has an office at the new venue.

In opening its new Melville location, Community National Bank also welcomes a new branch manager: banking veteran Craig Levy has joined CNB as a Vice President and will manage the new branch's day-to-day operations. Mr. Levy is an accomplished bank leader, having served as a Branch Manager for State Bank of Long Island before his most recent position as Vice President & Senior Business Relationship Manager for HSBC Bank USA N.A.

"Our new branch in Melville shows Community National Bank's commitment to Long Island and, in particular, to Suffolk County." said Stuart Lubow, President, Chairman and CEO of Community National Bank. "As CNB continues to branch out from its Nassau County roots, we are mindful that as a community bank grows, it must do so responsibly. Melville is a perfect fit for CNB, and we look forward to bringing our exemplary services to the businesses and individuals in the area."

In addition to the new Melville location and its full-service branch headquarters in Great Neck, Community National Bank has branches in Bayside, Queens; Garden City; Woodbury; Oceanside; Huntington; New Hyde Park; and Rockville Centre.


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Community National Bank Names Joseph Grunwald First Vice President, Commercial Loan Officer

by Christopher Dale
Turchette Advertising
Immediate Release

Great Neck, NY – Community National Bank (CBNY.OB), headquartered in Great Neck and one of the fastest growing commercial community banks in the New York Metro Area, has appointed Joseph Grunwald to the position of First Vice President, Commercial Loan Officer. Grunwald, who has almost 25 years of banking experience, will work out of CNB's Manhattan offices and be part of a team spearheading CNB's business development efforts in Manhattan and NYC's other boroughs.

With nine branches and commercial loan and deposit growth exceeding 20% annually, CNB has become the "go to" bank for small and middle market companies. Growth in 2011 included the opening of two new branches. In May, the bank opened its first New York City branch in Bayside, Queens, and its second branch in Suffolk County, on Route 110 in Melville, made its debut this December.

Grunwald's professional pedigree speaks highly of Community National Bank's commitment to continued growth. For the last 14 years, Grunwald served as a Vice President of Business Development for CITI National Bank. Prior to that, he held the same title for HSBC Bank USA, N.A. He has served on the board of directors for the well-regarded Yak Communications, and served on the NASDAQ Company Audit Committee from 2003-07.

"Joseph's impressive list of professional achievements is indicative of Community National Bank's ambitions for continued growth and expanded markets," said Stuart Lubow, Chairman, President and CEO of Community National Bank. "We look forward to working with Joseph as we set our sights on gains in the Manhattan market and another successful year for the Bank overall."

Grunwald earned a Master of Business Administration degree from Long Island University. A father of five, he lives in New Hempstead, NY, with his wife.

In addition to its new Melville location and full-service branch headquarters in Great Neck, Community National Bank has branches in Bayside, Queens; Garden City; Woodbury; Oceanside; Huntington; New Hyde Park; and Rockville Centre.


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Community National Bank opens Melville Branch

by Claude Solnik
Published: December 19th, 2011 – Long Island Business News

There's a new bank on the block in Melville.

The branch, in the 135,000-square-foot Rubie Corporate Plaza, will begin a monthlong opening promotion on Jan. 9.

Great Neck-based Community National Bank has opened its ninth branch, a 3,900-square-foot location at 400 Route 110 in the heart of Melville.

Community National Bank CEO Stuart Lubow said the expansion shows his company's "commitment to Long Island and, in particular, to Suffolk County."

Craig Levy, formerly vice president and senior business relationship manager for HSBC Bank, was hired as a vice president in charge of managing the new branch's day-to-day operations. Levy also served as a branch manager for State Bank of Long Island.

Community National also has branches in Bayside, Queens; Garden City; Woodbury; Oceanside; Huntington; New Hyde Park and Rockville Centre.


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Community National Bank Appoints Fred Heruth as First Vice President in its Commercial Loan Department

by Christopher Dale
Turchette Advertising
Immediate Release

Great Neck, NY – Community National Bank (CBNY.OB), one of the fastest growing commercial community banks in the New York Metro Area, has appointed Fred Heruth as First Vice President in its Commercial Loan Department. Heruth, a Long Island banking industry veteran, brings a stellar reputation as a commercial lender and more than 50 years of banking experience to Community National Bank. The addition of Heruth strengthens an
already strong team of commercial loan officers who develop and service Community National Bank's relationships with small and middle market companies in the New York Metro Area.

With the addition of Heruth, Community National Bank continues to strengthen its
Commercial Loan Department and reinforce its commitment to providing the finest in
commercial loan and deposit products and unparalleled customer service delivered by the
best commercial loan officers in the business. As one of the fastest growing commercial
community banks, with commercial loan and deposit growth exceeding 20% annually,
Community National continues to reinforce its position as the "go to" bank for small and
middle market companies.

Community National Bank is active in the Small Business Administration Loan Program, is ranked the #1 Small Business Administration (SBA) lender on Long Island, and is the recipient of the SBA's Gold Medal Award for originating over $20 million in SBA loans in New York State during 2010.

For the past 20 years, Heruth was a First Vice President with State Bank of Long Island, and prior to that spent 20 years with Bankers Trust Company and its successor on Long Island, Barclay's Bank. Prior to that Heruth was with Security National Bank. Throughout his 50-plus year career Heruth has exemplified the best in building relationships with, and providing customer service to, small and middle market companies.

Upon joining Community National Bank, Heruth commented "Community National Bank has given me an excellent opportunity to continue to provide the type of banking experience that I have always aimed to provide customers I have serviced over the years. The Bank has a wonderful group of highly motivated and experienced commercial loan officers and a corporate culture of customer service that mirrors the manner in which I have serviced my customers in the past. I look forward to making a major contribution to its future success."

Stuart Lubow, Chairman, President and CEO of Community National Bank, commented "We are excited by the prospect of having a banker with the vast experience and impressive reputation of Fred Heruth join us. We know he will be a big part of the Bank's future growth and success."

Community National Bank has a corporate office and full-service branch in Great Neck. CNB also has branch offices in Bayside, Queens; Garden City; Woodbury; Oceanside; Huntington; New Hyde Park; and Rockville Centre. A new Melville branch is scheduled to open this fall.


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Community National Bank Names John Governale First Vice President in Its Commercial Loan Department

by Christopher Dale
Turchette Advertising
Immediate Release

Great Neck, NY – Community National Bank (CBNY.OB), one of the fastest growing
commercial community banks in the New York Metro Area, has appointed John Governale to
the position of First Vice President in its Commercial Loan Department. Governale brings
more than 25 years banking experience to Community National Bank and he joins a group
of experienced banking professionals who build and maintain banking relationships with
small and middle market companies within Community National Bank's trading area.

The addition of Governale exemplifies Community National Bank's continued growth and
commitment to small and mid-sized companies in the New York Metro Area. With commercial loan and deposit growth exceeding 20% per year and its commitment to customer service, Community National Bank is one of the preeminent banks for business banking services. In addition to traditional business banking services, Community National Bank is also a leader in Small Business Administration (SBA) lending; CNB was ranked #1 among Small Business Administration lenders on Long Island, and was the recipient of the SBA's Gold Medal Award for originating over $20 million in SBA loans in New York State in 2010.

During his career Governale has held similar First Vice President positions with Amalgamated Bank and State Bank of Long Island, and Relationship Manager titles at The Bank of New York and Fleet Bank. He has also given back to the community by serving as Director of the National Business & Disability Council, which helps employers integrate people with disabilities into the workplace. He is also a member of the Board of Directors and current Board President of Queens Centers for Progress, which provides services to people with developmental disabilities.Upon joining Community National Bank, Governale commented: "I am pleased and excited to be joining the seasoned group of bankers who have propelled Community National Bank from inception in 2005 to over $500,000,000 in assets and who have created a culture of community banking and customer service second to none. I look forward to contributing to the Bank's future growth and success."

Stuart Lubow, Chairman, President and CEO of Community National Bank, said: "Community
National Bank is pleased that a banker with the qualifications of John Governale has joined us. He adds tremendous experience to an already first-rate group of commercial lenders and we look forward to the positive contributions I know he will make to the Bank."

Community National Bank has a corporate office and full-service branch in Great Neck. CNB
also has branch offices in Bayside, Queens; Garden City; Woodbury; Oceanside; Huntington;
New Hyde Park; and Rockville Centre. A new Melville branch is scheduled to open this fall.


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Community National Bank tops SBA Long Island lender list

by Jessica DiNapoli
Published: May 17, 2011

The Small Business Administration has named Great Neck-based Community National Bank the No. 1 SBA lender on Long Island.

Community National Bank, which recently opened a branch in Bayside, Queens and is planning to open one in Melville, increased Long Island SBA lending from $8 million to $17.9 million over the last seven months. The bank's Commitments to SBA lending in its district, which includes the five boroughs, increased from $12.2 million to $32.4 million over the same time period.

CEO Stuart Lubow said that the bank mainly does 7(a) loans, which are commonly used to buy inventory, land or buildings. Read More


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Community Nat'l Bank profit jumps

by Jessica DiNapoli
Published: February 15, 2011
Tags: Community National Bank, loans, Long Island, profit, Ronkonkoma, SBA

Great Neck-based Community National Bank made a profit of $866,000 for the fourth quarter of 2010, a 73 percent increase over the same time period last year, when it earned a total of $512,000.

The rise in profits is due to an increase in net interest income, gains on the sale of loans made by the Small Business Administration and investments and lower loan loss provisions, according to the bank.

The bank's profits on interest increased to $3.8 million during the time period ending Dec. 31, 2010, up $100,000 from the $3.7 million recorded during the fourth quarter of 2009.

Community National's total assets increased to $476.8 million at the end of the fourth quarter. At the end of the same time period in 2009, the bank's total asset size came in at $404 million.

The bank's net interest margin, however, decreased. It shrank from 3.38 percent recorded on Dec. 31, 2009 to 3.37 percent recorded Dec. 31, 2010.

Community National Bank did have increased operating costs due to increased compliance and regulatory costs, higher expenses for third-party operating platform expenses and the hiring of more commercial lenders to grow the loan portfolio. According to its financial statements, Community National's compensation and benefits expense increased about $253,000 between the end of 2009 and 2010.


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Stuart Lubow kept Community National Bank profitable with basics

BY BILLY RENNISON
THE QUEENS COURIER • BUSINESS


With the banking industry struggling and the country in the midst of a recession Stuart Lubow has managed to buck the trend.

Lubow, the president, chairman and CEO of Community National Bank (CNB), has kept the bank in the black through "old school nuts and bolts banking," according to Lubow.
But for CNB to compete with the big banks they have to separate themselves. "We try to become a fabric of the community," he said. "It's hard to find customers of large banks that love their banks."

He added that once banks get to a certain size the needs of individual customers aren't as important, but "our customers aren't just a commodity." That's why he knows that if they compete with the big banks "we're going to win."

Lubow, born and raised in New Jersey, attended Moravian College in Bethlehem, Pennsylvania where he received his Bachelor's Degree in accounting. He started working at Chase right out of college. He has worked in banks small and large and he says this has allowed him to see where the opportunities are. This is where he discovered the importance of the community and the customers' needs.

Community National Bank, which is headquartered in Great Neck, is a full-service commercial bank, offering a wide array of deposit and loan products. Founded by Lubow in April of 2006, it has been a leader in community banking.

Lubow believes to be successful within the community you must also be active in it. He wants the bank to be involved in events that are important to the local community. Lubow said he wants to understand the local needs of his customers because that allows the bank a better opportunity to help them.

"We understand that a small or medium sized business looking to expand has specific needs and we try to structure our financing and deals to meet the customer's needs," he said, adding that they are not only a bank, but a financial advisor. This allows them to give advice to the customer that will put them in the best possible position to succeed and as a result the bank will too.

As the number two SBA lender in Long Island, Lubow says he recognizes that "small business drives our economy; it's what makes our country great." He added that while he expects CNB to continue to grow, he will continue to keep their community bank culture intact.

With seven branches in Nassau and Suffolk, CNB will soon be coming to Queens. A Bayside location, on Bell Boulevard one block off of Northern Boulevard, will be opening, hopefully by the end of the first quarter, according to Lubow.

Lubow, a business person of the year in Garden City and Great Neck, has worked as a banking executive for over 30 years. Lubow was executive vice president and chief operating officer at Garden State Bank prior to founding Community State Bank, where he was president and chief executive until it was acquired by Lakeland Bank.

CNB is open seven-days-a-week, with 24-hour ATM's at every location.


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Community National Bank Announces Eighth Branch, Located in Bayside, Queens

Branch to Offer Local Leadership and Personalized Attention

Great Neck, NY – Community National Bank (CBNY.OB), the fastest growing commercial community bank in the NY Metro Area, proudly announces its plans to open its eighth branch. The new office will be located at 4301 Bell Boulevard, Bayside, Queens and is scheduled to open at the end of the first quarter, 2011.

"We are glad to be opening a full-service branch in Bayside so that we can deliver this neighborhood community banking at its finest," said Stuart Lubow, President, Chairman and CEO of Community National Bank. "We are committed to providing our customers the means to achieve their financial goals and we do that by combining a wide array of deposit and loan products with state-of-the-art technology and unmatched personalized service. We look forward to offering our special brand of banking to the individuals and small and medium size businesses of northeastern Queens."

Conveniently located in a 3,000 sq. ft. building one block from Northern Blvd. and only one and a half blocks from the LIRR Blvd. Station, the new CNB Bayside branch will feature a walk-up ATM, free online banking, merchant remote capture, a night deposit drop and safety deposit boxes. The bank will offer extended lobby hours and will be open seven days a week. The hours will be: Monday - Friday: 8:30am – 5:30pm, Saturday: 9am – 1pm, Sunday: 11am – 2pm.

In addition to its corporate office and full-service branch in Great Neck, CNB also has branch offices in Garden City, Woodbury, Oceanside, Huntington, New Hyde Park and Rockville Centre.


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Community National Bank
Receives SBA Gold Medal Award

Great Neck, NY – Community National Bank (CBNY.OB), the fastest growing commercial community bank on Long Island, has been named winner of the Small Business Administration’s (SBA) Gold Medal Award for 2010 for the New York District.

The prestigious Gold Medal Award is given to banks that have approved $15-20 Million in loans. This year Community National Bank (CNB) approved $18 million in the NY district and $13.2 Million in its core market of Long Island. In fact, CNB was the number two lender on Long Island and the number five lender in the NY District, reinforcing the bank’s commitment to small business lending in the communities it serves. Last year, the bank received a Bronze Medal Award.

“As the only independent, commercial community bank headquartered in Great Neck, we can appreciate the spirit and drive of small and mid-sized businesses,” said Stuart H. Lubow, President, Chairman and CEO of Community National Bank. “Small and mid-sized businesses can have a significant, positive impact on the area around them and we are so pleased that we’ve been able to bolster those businesses on Long Island and in the NY tri-state region. Receiving this award is both an honor and a testament to CNB’s dedication to the people and businesses of this district and our mission to help them succeed and achieve their financial goals.”

Michael Ogus, First Vice President accepted the SBA Gold Medal Award at a ceremony on Thursday, November 18th on behalf of Community National Bank.


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LI Banks Make Top 200 Ranking

by Jessica DiNapoli
Published: October 25, 2010
Tags: Community National Bank, FinStrata, First National Bank of Long Island, Herald National Bank, ranking, Signature Bank

Long Island financial institutions scored high in an analysis completed by an Allegan, Mich.-based bank rating service.

FinStrata measured the strength of the 800 largest listed banking companies in the U.S. for the second quarter, ending June 30, using the previous six quarters worth of financial statements. Five Long Island banks made it into the top 200 of FinStrata’s strongest banks.

Great Neck-based Community National Bank, led by CEO Stuart Lubow, scored the highest of the Long Island-based banks ranking 41st out of 200, FinStrata stated. Glen Head-based First National Bank of Long Island, headed by CEO Michael Vittorio, came in at 52, followed by three-branch-big Herald National Bank at 62.

Manhattan-based Herald National Bank, led by Michael Carleton, has a branch in Melville and one in Brooklyn.

Bridgehampton National Bank, headquartered in Bridgehampton and led by CEO Kevin O’Connor, came in at 73rd and Manhattan-based Signature Bank, which has six branches on Long Island, came in at 114th . Joseph J. DePaolo is the CEO of Signature Bank.

The banks were analyzed on 20 different factors. FinStrata’s top 200 banks on average have market returns of 9.57 percent for the four quarters ending June 30. For the remaining 600 of the biggest 800 banks FinStrata analyzes, the average market returns total 3.02 percent.


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Community National Bank Awarded Five Stars by Bauer Financial, Inc.

GREAT NECK, NY – June 16, 2010 - Community National Bank (CBNY.OB), the fastest growing commercial community bank on Long Island, proudly accepts its distinguished 5-Star Superior rating from BAUERFINANCIAL, Inc., Coral Gables, Florida.

The 5-Star rating is the highest rating attainable from BAUERFINANCIAL, the nation’s independent bank rating firm for over a quarter of a century. The rating is based on the overall financial condition of the bank and indicates that, for strength and stability, Community National Bank is the perfect place to entrust your deposits.

“Community National Bank has passed BAUERFINANCIAL’s stringent stress test with flying colors. Not only is it a vital part of its community, it is a prime example of what all community banks should strive for,” said Karen L. Dorway, President of BAUERFINANCIAL.

“We are so proud to be named a 5-Star bank by BAUERFINANCIAL,” said Stuart H. Lubow, President, Chairman and CEO of Community National Bank. “We strive to offer our customers the very best in banking services, from a wide selection of loans and mortgages to traditional deposit products and from state-of-the-art technology to superior customer care. So being recognized in this way is a testament to the organization’s unwavering hard work and dedication.”

ABOUT COMMUNITY NATIONAL BANK

Community National Bank is a Long Island based independent, community, commercial bank and operates seven locations in Nassau and Suffolk counties. We offer a full range of modern financial services, backed by state-of-the-art technology. In addition to commercial loans, commercial mortgages, small business loans and lines of credit, residential mortgages, CNB also provides a complete selection of traditional personal and commercial deposit products such as no fee individual and business checking accounts, IRA accounts and statement savings.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.


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Community National Bank Raises $17.6 Million in Additional Capital

GREAT NECK, NY – June 16, 2010 - Community National Bank (OTC: CBNY) announced today that it raised approximately $17.6 million in additional capital from its secondary common stock offering and will extend the offering period an additional 30 days to July 15, 2010.

The Bank will take into capital the funds that were raised thus far and, as permitted under the offering prospectus, have extended the offering so that it may raise the maximum offering amount of $19.5 million. The new capital will enable Community National Bank to continue its growth strategy and allow the bank to take advantage of opportunities that may arise due to the recent turmoil in the financial market. Stuart Lubow, Chairman, President and CEO commented: “We are very pleased with the significant amount of capital raised during the first subscription period and the continued commitment that our existing and new shareholders have with Community National Bank. This additional capital will provide the Bank with ability to build and expand upon its existing network of seven branches, increase its lending capacity to small and medium sized commercial businesses and continue to increase total assets, which were $432 million at March 31, 2010”.

ABOUT Community National Bank
Founded in 2005, Community National Bank is a full service community commercial Bank providing a wide variety of financial products and services to businesses and individuals within its marketplace. Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Stuart Lubow Chairman, President and CEO of Community National Bank at 516-498-9111 or visit the Bank’s website at www.CNBny.com.


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Community National Bank Promotes Conrad Gunther, Jr., to the Position of Executive Vice & Senior Loan Officer

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, recently promoted Conrad J. Gunther, Jr. of Cold Spring Harbor, NY to the position of Executive Vice President and Senior Loan Officer, at CNB’s corporate office in Great Neck, NY.

Formerly Senior Vice President and Senior Loan Officer at CNB, Conrad Gunther Jr. is responsible for all commercial lending for the Bank. Before working for CNB, he was President and owner of E-Billsolutions, Inc. (EBS), a sales and marketing organization that sold credit card processing services and was also President of C.J. Gunther & Associates, which provided financial and management consulting.

Chairman, President and CEO of Community National Bank, Stuart Lubow, said, “Since joining CNB, Mr. Gunther has demonstrated not just strong financial skills, but impressive leadership ability, as well. While all CNB employees are highly qualified, customer-service driven professionals, Conrad’s performance has been truly outstanding.”

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed. In addition to its corporate office in Great Neck, CNB has branch offices in Garden City, Woodbury, Oceanside, Huntington, New Hyde Park and Rockville Centre.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, First Vice President, Retail Division of Community National Bank at 516-498-9111 or visit the Bank’s website at www.CNBny.com.


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Community National Bank Continues its Small Business Lending, Asset and Earnings Growth and Announces Higher Capital Ratios

GREAT NECK, NY – While other banks are scaling back on small business lending, Community National Bank (CBNY.OB) the fastest growing community bank on Long Island, continues to fill the void left by other larger institutions and is growing in the area of small and medium size business banking. CNB recently received the Bronze Award for SBA lending presented by the Small Business Administration - New York district. In addition, for the second year in a row, CNB was honored by the Long Island Development Authority (LIDC) with the Community Based Lender Award. The LIDC recognized CNB for its significant contributions to the economic development of Long Island’s business community.

“As we all know, small and medium size business is the engine that drives our economy both here on Long Island and nationally. We appreciate being acknowledged for our support and will continue to provide fiscally responsible loans to Long Islands business community,” said Stuart Lubow, Community National Bank’s Chairman, President & CEO.

Community National Bank continues to solidify its growing stature in the commercial banking marketplace as is evidenced by CNB’s asset growth. As of September 30, 2009, CNB’s assets have grown to $403.8 million from $340.4 million at December 31, 2008. In addition, deposits have increased to $348.0 million from $280.9 million at December 31, 2008. CNB’s net interest margin continues to improve and CNB expects to be profitable for the year ending December 31, 2009.

During these stressful economic times, CNB continues to grow its niche business of providing customer centric relationship banking to small and medium size businesses within its market place. CNB continues to gather momentum and has recently hired several highly qualified middle market loan and relationship officers from larger institutions that management anticipates will enhance CNB’s growth. CNB continues to position itself to take advantage of opportunities that we believe will be available during 2010, including continued growth in middle market and small business lending as customers continued to be disenfranchised by their current institutions and seek the customer service and professionalism of CNB’s business banking team.

As of September 30, 2009, CNB had a tangible common equity ratio of 10.91%, a tier 1 leverage ratio of 11.08% and tier 1 risk based and total risk based capital ratios of 17.1% and 18.2%, respectively. These ratios substantially exceed those required for CNB to be considered well capitalized. CNB believes that in these economic times it is prudent to continue to maintain these significantly higher capital ratios. Given the current regulatory environment, CNB, as a relatively new bank that has displayed significant growth with a focus on business banking, anticipates it will be necessary to maintain a minimum tier 1 leverage ratio of 10%. Because CNB currently exceeds these levels and expects to be profitable for 2009, CNB anticipates it will be able to prudently continue its growth strategy in 2010 and beyond while maintaining these higher capital ratios.

ABOUT Community National Bank
Community National Bank is a Long Island based independent commercial bank and operates seven locations in Nassau and Suffolk counties. We offer a full range of modern financial services, backed by state-of-the-art technology. In addition to commercial loans, commercial mortgages, small business loans and lines of credit, residential mortgages, CNB also provides a complete selection of traditional personal and commercial deposit products such as no fee individual and business checking accounts, IRA accounts and statement savings.

Cautionary Statement about Forward-Looking Statements
This release contains certain “forward looking statements” about CNB which, to the extent applicable, are intended to be covered by the safe harbor for forward looking statements provided under the Federal securities laws and, regardless of such coverage, you are cautioned about. Examples of forward-looking statements include but are not limited to, estimates with respect to our 2009 earnings, CNB’s financial condition and capital ratios, results of operations and the CNB’s outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue,” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors which may cause our forward looking statements to be materially inaccurate include, but are not limited to, a unexpected deterioration in our loan portfolio, unexpected increases in our expenses, greater than anticipated growth, unanticipated regulatory action, unexpected changes in interest rates, a loss of key personnel, an unanticipated loss of existing customers, competition from other institutions causing us unanticipated changes in our deposit or loan rates, increases in FDIC insurance costs and unanticipated adverse changes in our customers’ economic conditions or economic conditions in our local area generally.

Forward-looking statements speak only as of the date of this press release We do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


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