Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 176

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 176
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 risks included:

| • |     | the diversion of management focus and resources from other strategic opportunities and operational matters while working to implement the merger transaction and integrate the two companies; |

| • |     | the possibility of the combined company encountering difficulties in achieving cost savings and synergies in the amounts currently estimated or within the timeframe currently contemplated; |

| • |     | the possibility of encountering difficulties in successfully integrating the businesses, operations and workforces of ESSA and CNB; |

| • |     | the possibility that the merger and the related integration process could result in the loss of key employees, in the disruption of ESSA’s ongoing business and in the loss of customers for the combined company; |

| • |     | the substantial costs to be incurred in connection with the merger, including the costs of integrating the businesses of ESSA and CNB, transaction fees, expenses and other payments that will or may arise from the merger; |

| • |     | the regulatory and other approvals required in connection with the merger and the bank merger and the risk that such regulatory approvals may not be received in a timely manner or may impose unacceptable conditions; |

| • |     | the possibility that the merger may not be completed despite the combined efforts of ESSA and CNB, or that completion may be unduly delayed, even if the required regulatory approvals are obtained and the requisite approvals are obtained from ESSA and CNB shareholders, including as a result of factors outside ESSA’s and CNB’s control; |

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| • |     | the potential for legal claims challenging the merger; |

| • |     | the potential for the value of the merger consideration to be received by holders of shares of ESSA common stock to be adversely affected by a decrease in the trading price of CNB common stock; |

| • |     | the fact ESSA’s directors and executive officers may have interests in the merger that are different from or in addition to those of its shareholders generally, as more fully described in the section entitled “—Interests of Certain ESSA Directors and Executive Officers in the Merger” beginning on page 145; |

| • |     | the fact that ESSA may be obligated to pay CNB a termination fee of $8.8 million if the merger with CNB is not completed under certain circumstances, as more fully described in the section entitled “The Merger Agreement—Termination Fee” beginning on page 171; |

| • |     | the