Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 10

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 10
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185 |
| HOUSEHOLDING OF PROXY MATERIALS                                                          |     | 186 |
| WHERE YOU CAN FIND MORE INFORMATION                                                      |     | 186 |
| UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS                              |     | 189 |
| ANNEX A—AGREEMENT AND PLAN OF MERGER                                                     |     | A-1 |
| ANNEX B—OPINION OF PIPER SANDLER & CO.                                                   |     | B-1 |
| ANNEX C—OPINION OF PNC FIG ADVISORY, PART OF PNC CAPITAL MARKETS LLC                     |     | C-1 |
| ANNEX D—CNB FINANCIAL CORPORATION 2025 OMNIBUS INCENTIVE PLAN                            |     | D-1 |

iv

QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SHAREHOLDER MEETINGS The following questions and answers are intended to address briefly some commonly asked questions regarding the merger and the CNB and ESSA shareholder meetings. These questions and answers may not address all questions that may be important to you as a CNB shareholder or an ESSA shareholder. To better understand these matters, and for a description of the legal terms governing the merger, you should carefully read this entire joint proxy statement/prospectus, including the annexes, as well as the documents that have been incorporated by reference into this joint proxy statement/prospectus.

| Q: | Why am I receiving this joint proxy statement/prospectus? |

| A: | The respective boards of directors of CNB Financial Corporation (“CNB”), CNB Bank, CNB’s subsidiary bank (“CNB Bank”), ESSA Bancorp, Inc. (“ESSA”) and ESSA Bank & Trust, ESSA’s subsidiary bank (“ESSA Bank”), each approved a merger agreement, which is described in this joint proxy statement/prospectus, among CNB, CNB Bank, ESSA and ESSA Bank pursuant to which (i) ESSA will merge with and into CNB, with CNB as the surviving entity and (ii) ESSA Bank will merge with and into CNB Bank, with CNB Bank as the surviving entity. A copy of the merger agreement is attached to this joint proxy statement/prospectus as Annex A. In order to complete the merger, CNB shareholders must vote to approve the issuance of CNB common stock in connection with the merger and ESSA shareholders must