Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 204

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 204
---
 the CNB common stock received by an ESSA shareholder pursuant to the holding company merger (including any fractional share of CNB common stock deemed received and sold for cash as described above) will equal that shareholder’s aggregate tax basis in the shares of ESSA common stock that are exchanged therefor; and |

| • |     | the holding period of CNB common stock received by an ESSA shareholder in the holding company merger (including any fractional share of CNB common stock deemed received as described above) will include the holding period of the shares of ESSA common stock that are exchanged therefor. |

If ESSA shareholders acquired different blocks of ESSA common stock at different times and at different prices, a holder’s tax basis and holding period in CNB common stock may be determined with reference to each block of ESSA common stock. Backup Withholding Payments of cash to an ESSA shareholder pursuant to the holding company merger are subject to information reporting and may, under certain circumstances, be subject to backup withholding (currently at a rate of 24%). A holder of ESSA common stock generally will not be subject to backup withholding, however, if the holder:

| • |     | furnishes a correct taxpayer identification number, certifies that the holder is not subject to backup withholding on IRS Form W-9 (or an applicable substitute or successor form) and otherwise complies with all the applicable requirements of the backup withholding rules; or |

| • |     | provides proof of an applicable exemption from backup withholding. |

This summary does not address tax consequences that may vary with, or are contingent on, a U.S. holder’s individual circumstances. Moreover, it does not address any non-incometax or any non-U.S.,state or local tax consequences of the holding company merger. The tax consequences of the holding company merger to you will depend upon the facts of your particular situation. Accordingly, we strongly urge you to consult with a tax advisor to determine the particular federal, state, local and non-U.S.income and other tax consequences to you of the holding company merger. Regulatory Approvals Required for the Merger General CNB and ESSA have agreed to use all reasonable efforts to obtain all permits, consents, waivers, approvals and authorizations of all third parties and governmental authorities that are necessary to consummate the transactions contemplated by the merger agreement. This includes certain notices, approvals, waivers or consents from federal and state governmental authorities, including the FDIC, the PADOBS