Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 241

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 241
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| Amendment to the Bylaws |     | CNB’s bylaws may be amended by the affirmative vote of a majority of the votes cast by all shareholders entitled to vote on the matter; or by the affirmative vote of a majority of the directors present and voting at a meeting of the board of directors at which a quorum is present; provided that any bylaw provision amended or adopted by the board of directors that adversely affects the rights of the shareholders must be ratified by the affirmative vote of a majority of the votes cast by all shareholders entitled to vote on the matter prior to such amended or adopted bylaw provision taking effect; provided further that any bylaw provision amended or adopted by the shareholders may only be amended or repealed by the affirmative vote of a majority of the votes cast by all shareholders entitled to vote on the matter; and provided further that any bylaw provision amended or adopted by the board of directors may be amended or repealed by the affirmative vote of a majority of the votes cast by all shareholders entitled to vote on the matter. |     | ESSA’s bylaws may be amended (i) by the affirmative vote of a majority of the directors then in office at any regular or special meeting of the ESSA Board of Directors, or (ii) by the affirmative vote of shareholders holding at least a eighty percent (80%) of the shares of ESSA entitled to vote generally in the election of directors, as well as such additional vote of the preferred stock as may be required by the provisions of any series thereof. |

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<div align='center'>**LEGAL MATTERS**</div>

The validity of the shares of CNB common stock to be issued in the merger will be passed upon for CNB by Hogan Lovells US LLP. Hogan Lovells US LLP and Luse Gorman, PC will deliver opinions to CNB and ESSA, respectively, as to certain federal income tax consequences of the merger. See the section entitled “The Merger—Material U.S. Federal Income Tax Consequences of the Merger” beginning on page 148.

<div align='center'>**EXPERTS**</div>

The consolidated financial statements of CNB Financial Corporation as of December 31, 2023 and 2022, and for each of the years in the two-year period ended December 31, 2023, have been audited by Forvis Mazars, LLP, independent registered public accounting firm, as set forth in their report. Such consolidated financial statements have been