Company: CCNE
Filing Date: 2025-04-15
Form Type: 425
Source: 0001193125-25-080836
Chunk: 11

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-04-15
Form: 425
Chunk 11
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 million of cash equivalents held in CNB Bank’s interest- bearing deposit account at the Federal Reserve. These excess funds, when combined with $4.7 billion in (i) available borrowing capacity from the FHLB and the Federal Reserve, and (ii) available unused commitments from brokered deposit sources and other third-party funding channels, including previously established lines of credit from correspondent banks, resulted in the total available liquidity sources for the Corporation as of March 31, 2025 to be approximately 5.3 times the estimated amount of adjusted uninsured deposit balances discussed above. § At March 31, 2025, the Corporation had no outstanding short-term borrowings from the FHLB or the Federal Reserve's Discount Window. 14

LOOKING INTO 2025 § In November 2024, Ridge View Bank celebrated the grand opening of its regional headquarters in Roanoke, VA which is positioned to help grow the Corporation’s regional presence in 2025 and beyond. § In February 2025, CNB Bank and its predecessor organization, County National Bank, celebrated 160 years in business. § In February 2025, Impressia Bank opened their headquarters, located in the iconic Electric Tower in Buffalo, NY. § In February 2025, Erie Bank opened a full-service Branch and Financial Education Center on Parade Street in Erie, Pennsylvania. § In August 2025, Erie Bank will celebrate 20 years in business. th § BankOnBuffalo plans to open a full-service branch in Lancaster, NY in 2025. This will be the 13 location, in addition to the BankOnWheels, in this region. 15

STRATEGIC MERGER WITH ESSA BANCORP, INC § On January 9, 2025, the Corporation and CNB Bank entered into a definitive merger agreement with ESSA Bancorp, Inc. (“ESSA”) and its subsidiary bank, ESSA Bank & Trust Company, pursuant to which the Corporation will acquire ESSA in an all-stock transaction. § Expands the Corporation’s reach into eastern Pennsylvania and the greater Lehigh Valley. “We are excited to partner with ESSA which shares such a strong banking tradition with CNB. This combination aligns two high performing banks with an exceptional commitment to client-focused services for its customers and financial support to sustain the economic vitality of the communities in which they operate,” said Michael D. Peduzzi, President and CEO of CNB Financial Corporation. 16 (1)