Company: CCNE
Filing Date: 2025-07-24
Form Type: 8-K
Source: 0001193125-25-163861
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Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-07-24
Form: 8-K
Item: Item 2.01
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Item 2.01.      Completion of Acquisition or Disposition of Assets.  

As previously disclosed, on January 9, 2025, CNB Financial Corporation (the “ Company” or “ CNB”) and CNB Bank, the Company’s subsidiary bank (“ CNB Bank”), entered into an Agreement and Plan of Merger (the “ Merger Agreement”) with ESSA Bancorp, Inc. (“ ESSA”) and ESSA Bank & Trust, ESSA’s subsidiary bank (“ ESSA Bank”).

On July 23, 2025, CNB completed its acquisition of ESSA pursuant to the Merger Agreement through the following steps: (i) ESSA merged with and into CNB, with CNB being the surviving entity, and (ii) ESSA Bank merged with and into CNB Bank, with CNB Bank being the surviving entity (the “ Merger”).

Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger, each share of ESSA common stock was converted into the right to receive 0.8547 shares of CNB common stock, with cash payable in lieu of any fractional shares.

A copy of CNB’s press release dated July 24, 2025, announcing the completion of the Merger, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which is attached asExhibit 2.1to the Current Report on Form8-Kfiled by CNB with the Securities and Exchange Commission on January 10, 2025, and is incorporated by reference herein.