Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 106

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 106
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 December 31, 2023. The year-over-year growth in loans as of December 31, 2024 compared to loans as of December 31, 2023 resulted primarily from growth in commercial and residential real estate loans in CNB’s more recent expansion markets of Cleveland, Ohio and Roanoke, Virginia. Additional growth occurred in commercial and residential real estate loans in the Columbus, Ohio market, commercial industrial loans in the Erie, Pennsylvania market, and residential real estate loans in CNB Bank’s Private Banking division. |

| • |     | At December 31, 2024, total deposits were $5.4 billion, reflecting an increase of $372.6 million, or 7.45%, compared to total deposits measured as of December 31, 2023. The increase in deposit balances compared to December 31, 2023 was primarily attributable to an increase in retail and business savings and retail time deposits across all of its markets; |

| • |     | At December 31, 2024, the total estimated uninsured deposits for CNB Bank were approximately $1.5 billion, or approximately 27.71% of total CNB Bank deposits. However, when excluding |

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| $101.9 million of affiliate company deposits and $429.0 million of pledged-investment collateralized deposits, the adjusted amount and percentage of total estimated uninsured deposits was approximately $986.0 million, or approximately 18.01% of total CNB Bank deposits as of December 31, 2024. |

| • |     | At December 31, 2024, CNB had $375.0 million of cash equivalents held in CNB Bank’s interest-bearing deposit account at the Federal Reserve. These excess funds, when combined with collective contingent liquidity resources of $4.6 billion including (i) available borrowing capacity from the Federal Home Bank of Pittsburgh (“FHLB”) and the Federal Reserve, and (ii) available unused commitments from brokered deposit sources and other third-party funding channels, including previously established lines of credit from correspondent banks, resulted in the total on-hand and contingent liquidity sources for CNB as of December 31, 2024 to be approximately 5.0 times the estimated amount of adjusted uninsured deposit balances discussed above. |

Say-on-PayResults and Shareholder Outreach At the 2024 annual meeting of CNB shareholders, 13,586,047 shares, or 98.4% of votes cast, were for approval, on