Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 206

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 206
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 subject to information reporting and may, under certain circumstances, be subject to backup withholding (currently at a rate of 24%). A holder of ESSA common stock generally will not be subject to backup withholding, however, if the holder:

| • |     | furnishes a correct taxpayer identification number, certifies that the holder is not subject to backup withholding on IRS Form W-9 (or an applicable substitute or successor form) and otherwise complies with all the applicable requirements of the backup withholding rules; or |

| • |     | provides proof of an applicable exemption from backup withholding. |

This summary does not address tax consequences that may vary with, or are contingent on, a U.S. holder’s individual circumstances. Moreover, it does not address any non-incometax or any non-U.S.,state or local tax consequences of the holding company merger. The tax consequences of the holding company merger to you will depend upon the facts of your particular situation. Accordingly, we strongly urge you to consult with a tax advisor to determine the particular federal, state, local and non-U.S.income and other tax consequences to you of the holding company merger. Regulatory Approvals Required for the Merger General CNB and ESSA have agreed to use all reasonable efforts to obtain all permits, consents, waivers, approvals and authorizations of all third parties and governmental authorities that are necessary to consummate the transactions contemplated by the merger agreement. This includes certain notices, approvals, waivers or consents from federal and state governmental authorities, including the FDIC, the PADOBS and the Federal Reserve Bank of Philadelphia. CNB and CNB Bank have filed or will file all required applications, notices and waiver requests to obtain the regulatory approvals and waivers necessary to consummate the merger. CNB and ESSA cannot predict whether the required regulatory approvals will be obtained, when they will be received or whether such approvals will be subject to any conditions. In addition to the foregoing, notice to the U.S. Department of Justice with respect to the merger is required in connection with the ESSA Consent Order. Such notice was provided on January 13, 2025. The ESSA Bank Consent Order requires CNB Bank to assume ESSA Bank’s obligations under the ESSA Bank Consent Order as part of the merger, which CNB has agreed to do under the merger agreement. 151

Federal Deposit Insurance Corporation To consummate the merger, CNB will seek the approval of the FDIC for the bank merger specifically under Section