8-K

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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                    FORM 8-K




                                 CURRENT REPORT



                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): August 22, 2003


                    COMMERCIAL NATIONAL FINANCIAL CORPORATION
             (Exact name of registrant as specified in its charter)



           Michigan                       0-17000                38-2799780
(State or other jurisdiction of  (Commission File Number)      (IRS Employer
        incorporation)                                       Identification No.)


     101 North Pine River Street, Ithaca, Michigan                 48847
        (address of principal executive offices)                 (ZIP Code)


       Registrant's telephone number, including area code: (989) 875-4144


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                    Information to be Included in the Report

ITEM 5. OTHER EVENTS

On August 20, 2003, Commercial National Financial Corporation issued a press
release announcing the approval of a dividend to be paid October 1, 2003 to
shareholders of record on September 12, 2003. A copy of the press release is
attached as Exhibit 99.1 The information in this Form 8-K and the attached
Exhibit shall not be deemed filed for purposes of Section 18 of the Securities
Act of 1934, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, except as shall be expressly set forth by
specific reference in such filing.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(c)      Exhibits

99.1     Press release dated August 22, 2003



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date:    August 26, 2003              COMMERCIAL NATIONAL FINANCIAL CORPORATION
                                                   (Registrant)

                                                   By: /s/ Patrick G. Duffy
                                                   -----------------------------
                                                   Patrick G. Duffy
                                                   Executive Vice President
                                                     and Chief Financial Officer






                                  EXHIBIT INDEX



99.1     Dividend announcement dated August 22, 2003

EX-99.1

                                                                    EXHIBIT 99.1




                    COMMERCIAL NATIONAL FINANCIAL CORPORATION
                                 DIVIDEND REPORT



Ithaca, Michigan, August 22, 2003 -

Jeffrey S. Barker, President and CEO of Commercial Bank and its holding company,
Commercial National Financial Corporation, announced that on August 20, 2003,
the corporation's Board of Directors declared a cash dividend of $.14 per share.
The dividend will be paid on October 1, 2003, to shareholders of record as of
September 12, 2003. This dividend represents an increase of 5% over the 2002
third quarter dividend adjusted for the 5% stock dividend of November 2002.

Commercial Bank operates full service banking offices in Alma, Greenville,
Ithaca, Middleton, Mt. Pleasant, Pompeii and St. Louis.




Contact:

Daniel E. Raleigh
Vice President
989-875-5504