Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 215

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 215
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 environmental matters; |

| • |     | derivative transactions; |

| • |     | material contracts; |

| • |     | defaults; |

| • |     | tangible properties and assets; |

| • |     | intellectual property; |

| • |     | fiduciary accounts; and |

| • |     | transactions with affiliates. |

In addition, CNB has made representations and warranties to ESSA regarding, among other things:

| • |     | deposit insurance; and |

| • |     | stock issued in the merger. |

The representations and warranties of each of CNB and ESSA will expire upon the effective time of the merger. The representations and warranties in the merger agreement are complicated and not easily summarized. You are urged to carefully read Articles III and IV of the merger agreement attached to this joint proxy statement/prospectus as Annex A. Conduct of Business Pending the Merger Conduct of Business of ESSA and ESSA Bank Pending the Merger Under the merger agreement, ESSA and ESSA Bank have agreed that, until the effective time of the merger or the termination of the merger agreement, ESSA and ESSA Bank will not, except as expressly permitted by the 159

merger agreement or with the prior written consent of CNB or as otherwise required by law or any governmental authority:

| • |     | conduct their businesses other than in the ordinary course consistent with past practice and prudent banking practice, and in compliance in all material respects with all applicable laws and regulations; |

| • |     | fail to use reasonable best efforts to preserve their business organizations intact, maintain the services of current officers and directors of ESSA and any of its subsidiaries, and preserve the goodwill of their customers and others with whom business relationships exist; |

| • |     | issue, sell or otherwise permit to become outstanding, or authorize the creation or reservation of, any securities or equity equivalents or enter into any agreement with respect to the foregoing, except with respect to stock-based awards outstanding on the date of the merger agreement; |

| • |     | permit any additional shares of capital stock to become subject to grants of employee or director stock options, warrants, rights, convertible securities and other arrangements or commitments which obligate ESSA to issue or dispose of any of their capital stock or other ownership interests; |

| • |     | directly or indirectly redeem, retire, purchase or otherwise acquire any shares of their capital stock (except to the extent necessary to effect a cash