Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 307

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 307
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 the ordinary course of business consistent with past practice).

A-34

(t) . Make or change any material Tax election, file any materially amended Tax
Return, enter into any material closing agreement, settle or compromise any material liability with respect to Taxes, agree to any adjustment of any material Tax attribute, file any material claim for a refund of Taxes, or consent to any extension
or waiver of the limitation period applicable to any material Tax claim or assessment.

(u) . Commit any
act or omission which constitutes a material breach or default by ESSA or ESSA Bank under any agreement with any Governmental Authority or under any Material Contract, Lease or other material agreement or material license to which it is a party or
by which it or its properties is bound.

(v) . Foreclose on or take a deed or title to any commercial real
estate without first conducting a Phase I environmental assessment of the property or foreclose on any commercial real estate if such environmental assessment indicates the presence of a Hazardous Substance in amounts which, if such foreclosure were
to occur, would be material.

(w) . Cause or allow the loss of insurance coverage maintained by ESSA that would have a
Material Adverse Effect on ESSA, unless replaced with coverage which is substantially similar (in amount and insurer) to that now in effect.

(x) . Discharge or satisfy any Lien or pay any obligation or liability, whether absolute or contingent, due or to become due,
except in the ordinary course of business consistent with normal banking practices.

(y) . Take any action or fail
to take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time,
(ii) any of the conditions to the Merger set forth in Article VI not being satisfied, (iii) a material violation of any provision of this Agreement or (iv) a material delay of the approval or completion of the Merger, except, in each
case, as may be required by applicable law or regulation or by a Bank Regulator.

(z) . Enter into any contract with
respect to, or otherwise agree or commit to do, any of the actions set forth in clauses (a)
through (y) above.

Section 5.02 . CNB will, and it will cause each of its
Subsidiaries to, (i) carry on its business in the ordinary course consistent