Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 46

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 46
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 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 and resources to it. These efforts could divert management’s focus and resources from serving existing customers or other strategic
opportunities and from day-to-day operational matters during the integration process. Failure to successfully integrate the operations of