Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 214

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 214
---
 performance measured as of the most recent completed fiscal quarter. Representations and Warranties The merger agreement contains representations and warranties made by and to CNB and ESSA. The statements embodied in those representations and warranties were made for purposes of the agreement between CNB and ESSA and are subject to important qualifications and limitations agreed to by CNB and ESSA in connection with negotiating the terms of the merger agreement. In addition, certain representations and warranties were made as of a specified date, may be subject to contractual standards of materiality different from what may be viewed as material to shareholders, or may have been used for the purpose of allocating risk between CNB and ESSA rather than establishing matters as fact. For the foregoing reasons, you should not rely on the representations and warranties as statements of factual information. Third parties are not entitled to the benefits of the representations and warranties in the merger agreement. Each of CNB, CNB Bank, ESSA and ESSA Bank has made representations and warranties to the other regarding, among other things:

| • |     | due organization, good standing and authority; |

| • |     | capitalization; |

| • |     | subsidiaries; |

| • |     | corporate power; |

| • |     | corporate records; |

| • |     | corporate authority; |

| • |     | regulatory approvals and the absence of defaults; |

| • |     | financial statements; |

| • |     | SEC filings; |

| • |     | financial controls and procedures; |

| • |     | absence of certain changes or events; |

158

| • |     | regulatory matters; |

| • |     | legal proceedings; |

| • |     | compliance with laws; |

| • |     | brokers; |

| • |     | employee benefit plans; |

| • |     | labor matters; |

| • |     | tax matters; |

| • |     | loans and nonperforming and classified assets; |

| • |     | inapplicability of antitakeover laws; |

| • |     | investment securities; |

| • |     | insurance; |

| • |     | opinion of financial advisor; and |

| • |     | anti-money laundering, community reinvestment and customer information security. |

In addition, ESSA and ESSA Bank have made representations and warranties to CNB regarding, among other things:

| • |     | regulatory action; |

| • |     |