Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 11

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 11
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, 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 vote to approve the merger agreement. Each of CNB and ESSA will hold a shareholder meeting to obtain these approvals. This joint proxy statement/prospectus contains important information about the merger, the merger agreement, the respective shareholder meetings of CNB shareholders and ESSA shareholders and other related matters, and you should read it carefully. The enclosed voting materials for each shareholder meeting allow you to vote your shares of common stock without attending your company’s shareholder meeting online. |

We are delivering this joint proxy statement/prospectus to you as both a joint proxy statement of CNB and ESSA and a prospectus of CNB. It is a joint proxy statement because the board of directors of both CNB and ESSA are soliciting proxies from their respective shareholders. Your proxy will be used at your respective shareholder meeting or at any adjournment or postponement of that shareholder meeting. It is also a prospectus because CNB will issue CNB common stock to ESSA shareholders as consideration in the merger, and this prospectus contains information about the CNB common stock.

| Q: | What will happen in the merger? |

| A: | In the proposed merger, (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. Each share of ESSA common stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive 0.8547 shares of CNB common stock. |

| Q: | What are the proposals on which I am being asked to vote? |

1

ESSA Shareholders: You are being asked to vote on the following proposals: (i) to approve the merger agreement (the “ESSA merger proposal”),