Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 51

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 51
---
5, the last practicable trading day prior to the date of this joint proxy statement/prospectus, there were 20,980,333 shares of CNB common stock outstanding and approximately 9,500 shareholders of record. On March 4, 2025, the last practicable trading day prior to the date of this joint proxy statement/prospectus, there were 10,154,664 shares of ESSA common stock outstanding and approximately 1,558 shareholders of record. Such numbers of shareholders do not reflect the number of individuals or institutional investors holding stock in nominee name through banks, brokerage firms and others. The following table presents the last reported sale price of a share of CNB and last reported sale price of a share of ESSA common stock, as reported on NASDAQ, on January 8, 2025, the last full trading day prior to the public announcement of the proposed merger, and March 4, 2025, the last practicable trading day prior to the date of this joint proxy statement/prospectus. The following table also presents the equivalent per share value of the CNB common stock that ESSA shareholders would receive for each share of their ESSA common stock if the merger was completed on those dates:

|                 |     | CNB    
 Common 
 Stock  |       |     | ESSA   
 Common 
 Stock  |       |     | Equivalent Value 
 Per Share of     
 CNB Common       
 Stock(1)         |       |
|:----------------|:----|:-------|------:|:----|:-------|------:|:----|:-----------------|------:|
| January 8, 2025 |     | $      | 24.11 |     | $      | 18.63 |     | $                | 20.61 |
| March 4, 2025   |     | $      | 24.07 |     | $      | 20.50 |     | $                | 20.57 |

| (1) | Calculated by multiplying the closing price of CNB common stock as of the specified date by the exchange ratio 
 of 0.8547                                                                                                      |

The market value of the CNB common stock to be issued in exchange for shares of ESSA common stock upon the completion of the merger will not be known at the time of the ESSA special meeting. ESSA shareholders are encouraged to obtain current market quotations for CNB common stock