Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 52

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 52
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A common stock is listed and traded on NASDAQ under the symbol “ESSA.” On , 2025, the last practicable trading day prior to the date of this joint proxy statement/prospectus, there were shares of CNB common stock outstanding and shareholders of record. On , 2025, the last practicable trading day prior to the date of this joint proxy statement/prospectus, there were shares of ESSA common stock outstanding and approximately shareholders of record. Such numbers of shareholders do not reflect the number of individuals or institutional investors holding stock in nominee name through banks, brokerage firms and others. The following table presents the last reported sale price of a share of CNB and last reported sale price of a share of ESSA common stock, as reported on NASDAQ, on January 8, 2025, the last full trading day prior to the public announcement of the proposed merger, and , 2025, the last practicable trading day prior to the date of this joint proxy statement/prospectus. The following table also presents the equivalent per share value of the CNB common stock that ESSA shareholders would receive for each share of their ESSA common stock if the merger was completed on those dates:

|                 |     | CNB    
 Common 
 Stock  |       |     | ESSA   
 Common 
 Stock  |       |     | Equivalent Value 
 Per Share of     
 CNB Common       
 Stock(1)         |       |
|:----------------|:----|:-------|------:|:----|:-------|------:|:----|:-----------------|------:|
| January 8, 2025 |     | $      | 24.11 |     | $      | 18.63 |     | $                | 20.61 |
| , 2025          |     | $      |       |     | $      |       |     | $                |       |

| (1) | Calculated by multiplying the closing price of CNB common stock as of the specified date by the exchange ratio of 0.8547 |

The market value of the CNB common stock to be issued in exchange for shares of ESSA common stock upon the completion of the merger will not be known at the time of the ESSA special meeting. ESSA shareholders are encouraged to obtain current market quotations for CNB common stock and ESSA common stock and to review carefully the other information contained in this joint proxy statement/prospect