Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 227

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 227
---
law 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taking effect; provided further that any bylaw provision amended or adopted by the shareholders may only be amended or repealed by the 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matter; and provided further that any bylaw provision amended or adopted by the board of directors may be amended or repealed by the affirmative vote of a   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. |

184

LEGAL MATTERS

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 149.

EXPERTS

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 so
incorporated into this joint proxy statement/prospectus and registration statement by reference to the CNB Financial Corporation Annual Report on Form 10-K for the year ended December 31, 2023,
in reliance upon their report and given upon the authority of said firm as experts in accounting and auditing.

The consolidated financial statements of
CNB Financial Corporation for the year ended December 31, 2021, have been so incorporated into this joint proxy statement/prospectus and registration statement by reference to the CNB Financial Corporation Annual Report on Form 10-K for the year ended December 31, 2023, in reliance upon the report of Crowe LLP,