Individual Retirement Account


Secure Your Future With An Individual Retirement Account

Is an IRA Right For You? 

Many Americans can deduct all or part of their TRADITIONAL IRA contributions from current income taxes.  With a Traditional IRA, you may also be able to defer taxes until you retire.  You may want to consult your tax advisor to review the tax deductible status of an IRA.

The Commercial National Bank also offers ROTH IRAs which accept only nondeductible contributions.  Your tax advisor can advise you on which IRA is best for you.

Did you know?  If you anticipate withdrawing money from your employer’s Qualified Retirement Plan, you can avoid the mandatory 20% withholding by arranging a “DIRECT ROLLOVER” of your retirement funds into a Traditional IRA.  You may contact the Commercial National Bank to assist you with a QRP-to-IRA “direct rollover” to a new Traditional IRA with us.

An IRA “ROLLOVER” would occur if you chose to take possession of your Qualified Retirement Plan funds or your Traditional/ROTH IRA funds, then “rolled” that money back into the appropriate IRA.  An IRA “ROLLOVER” must be completed within 60 days from your date of receipt of the funds, with IRS regulatory guidelines.

The Commercial National Bank can also assist you with a TRANSFER of IRA funds from another existing IRA to a new IRA with us.  An IRA Transfer is a non-reportable IRS transaction.

For more information about IRA Rollovers/Transfers or opening a new IRA just give us a call at 325-597-2961 or 325-372-2961.

New Customer Requirements for Individual Retirement Products

  • Valid government issued photo identification card and social security number
  • Proof of address if not updated on photo identification

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.


Online BankingIcon For: Online Banking

LOGIN   Enroll | Demo

New Debit Card Fraud Prevention Service

In our continuing efforts to keep your accounts secure, we've improved our alert system for potential debit card fraud. Beginning August 11, 2016 you will begin receiving email messages, text messages then phone calls for potential fraud. For more information go to the Debit Card Fraud Alerts page located under the Personal menu, then Services tab.

CEO MessageIcon For: CEO Message

Image For: CEO

Welcome to our new website. Our mission is to bring the "spirit of our community bank" to you on the internet with highly interactive tools and technology. We value your trust and pledge to meet your highest level of expectations.

- W. Clay Jones, Chairman of the Board, President and CEO

Lost/Stolen ATM/Debit Card

In the event your ATM/Debit card is lost or stolen, contact us immediately at: 325-597-2961. After hours, call the fraud center at 866-546-8273.