Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 211

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 211
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ment proposal. Abstentions will have no effect on the outcome of the ESSA adjournment proposal.

#### Recommendation of the ESSA Board of Directors
**THE ESSA BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ESSA ADJOURNMENT PROPOSAL.**

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THE MERGER AGREEMENT**</div>

**This section of the joint proxy statement/prospectus describes the material terms of the merger agreement. The following summary is qualified in its entirety by reference to the complete text of the merger agreement, which is incorporated by reference into this joint proxy statement/prospectus and attached as Annex Ato this joint proxy statement/prospectus. This summary may not contain all of the information about the merger agreement that may be important to you. You are urged to read the full text of the merger agreement. The merger agreement contains customary representations and warranties of CNB and ESSA made to each other as of specific dates. The assertions embodied in those representations and warranties were made solely for purposes of the agreement between CNB and ESSA and are not intended to provide factual, business or financial information about CNB and ESSA. Moreover, some of those representations and warranties may not be accurate or complete as of any specified date, may be subject to a contractual standard of materiality different from those generally applicable to shareholders or different from what a shareholder might view as material, may have been used for purposes of allocating risk between CNB and ESSA rather than establishing matters as facts, may have been qualified by certain disclosures not reflected in the merger agreement that were made to the other party in connection with the negotiation of the merger agreement, and generally were solely for the benefit of the parties to that agreement.

Structure

Subject to the terms and conditions of the merger agreement, and in accordance with Pennsylvania Business Corporation Law of 1988 (the “BCL”) and the regulations promulgated thereunder, at the completion of the merger, (i) ESSA will merge with and into CNB and (ii) ESSA Bank will merge with and into CNB Bank. CNB and CNB Bank will be the surviving entities in the merger and will continue their existences under the laws of the Commonwealth of Pennsylvania. Upon completion of the merger, the separate existences of ESSA and ESSA Bank will terminate.

The articles of incorporation and the bylaws of CNB will remain as