Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 230

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 230
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 contemplated under the merger agreement, including the fulfillment of conditions set forth in the merger agreement, and cooperate fully with the other parties to the merger agreement to such end. |

The merger agreement also contains covenants relating to cooperation in the preparation of this joint proxy statement/prospectus and additional agreements relating to, among other things, access to information and notice of certain matters. Conditions to Complete the Merger The obligations of CNB and ESSA to consummate the merger are subject to the fulfillment or written waiver, where permissible, of the following conditions:

| • |     | CNB and ESSA having obtained all regulatory approvals, and completed any requirements required by such regulatory approvals, required to consummate the transactions contemplated by the merger agreement and all related statutory waiting periods having expired or been terminated and no regulatory approvals contain any condition which the board of directors of either CNB or ESSA determines in good faith would materially reduce the benefits of the merger such that one of the parties would not have entered into the merger agreement if known; |

| • |     | the registration statement, of which this joint proxy statement/prospectus is a part, being declared effective and the absence of any stop order suspending that effectiveness; |

| • |     | the shares of CNB common stock issuable in connection with the merger being approved for listing on NASDAQ; |

| • |     | the absence of any judgment, order, injunction or decree, or any statute, rule, regulation, order, injunction or decree enacted, entered, promulgated or enforced, preventing, prohibiting or making illegal the consummation of any of the transactions contemplated by the merger agreement; |

| • |     | CNB having received the written opinion of Hogan Lovells and ESSA having received the written opinion of Luse Gorman, in each case substantially to the effect that the merger will constitute a tax-free reorganization described in Section 368(a) of the Code; |

| • |     | the issuance of CNB common stock in connection with the merger having been approved by the requisite vote of CNB shareholders; and |

| • |     | the merger agreement having been approved by the requisite vote of the ESSA shareholders. |

In addition, the obligations of CNB to consummate the merger are subject to the fulfillment or written waiver, where permissible, of the following additional conditions:

| • |     | each of the representations and warranties of ESSA and ESSA Bank set forth in the merger agreement will be