Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 47

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 47
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 of the conditions to the closing is that no order, injunction or decree issued by any court or governmental entity of competent jurisdiction or other legal restraint preventing the consummation of any of the transactions contemplated by the merger agreement be in effect. If any plaintiff were successful in obtaining an injunction prohibiting CNB or ESSA from completing the transactions contemplated by the merger agreement, then such injunction may delay or prevent the effectiveness of the merger and could result in significant costs to CNB and/or ESSA, including any cost associated with the indemnification of directors and officers of each company. CNB and ESSA may also incur costs in connection with the defense or settlement of any shareholder lawsuit filed in connection with the merger. Such litigation could have an adverse effect on the financial condition and results of operations of CNB and ESSA and could prevent or delay the completion of the merger.

Certain of ESSA’s directors and executive officers may have interests in the merger that are different from, or in addition to, those of ESSA’s shareholders.

ESSA shareholders should be aware that some of ESSA’s directors and executive officers may have interests in the merger and have arrangements that are different from, or in addition to, those of ESSA shareholders. These interests and arrangements may create potential conflicts of interest. The ESSA Board of Directors was aware of these interests and considered them, among other matters, when making its decision to approve the merger agreement and recommend that ESSA’s shareholders vote to approve the ESSA merger proposal. For a more complete description of these interests, please see the section entitled “The Merger—Interests of Certain ESSA Directors and Executive Officers in the Merger” beginning on page 145.

Risks Relating to the Combined Company if the Merger is Completed

The integration of CNB and ESSA will present significant challenges and expenses that may result in the combined business not operating as effectively as expected, or in the failure to achieve some or all of the anticipated benefits of the transaction.

The benefits and synergies expected to result from the proposed transaction will depend in part on whether the operations of ESSA can be integrated in a timely and efficient manner with those of CNB. CNB will face challenges and costs in consolidating its functions with those of ESSA and integrating the organizations, procedures and operations of the two businesses. The integration of CNB and ESSA will be complex and time-consuming, and the management of both companies will have to dedicate substantial time