Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 432

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 432
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 other representatives. The foregoing statement is subject to the detailed provisions of Sections 1741 through 1750 of the BCL.

As permitted by the BCL, CNB’s bylaws provide that it shall, subject to certain authorizations and determinations, indemnify its directors and officers, including the advancement of expenses. CNB’s bylaws contain the procedures pursuant to which such indemnification and advancement of expenses may be authorized and effectuated, including receipt of certain undertakings by the director or officer as a condition precedent to the advancement of expenses. CNB’s bylaws provide, among other things, that indemnification shall not be made where the indemnification is expressly prohibited by law or where a final adjudication establishes that the director’s or officer’s conduct constitutes willful misconduct or recklessness or was based upon or attributable to the receipt from the registrant of a personal benefit to which the director or officer was not legally entitled.

As permitted by the BCL, CNB maintains directors and officers liability insurance in amounts and on terms which the CNB Board of Directors deems reasonable. In the ordinary course of business, the CNB Board of Directors regularly reviews the scope and adequacy of such insurance coverage.

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<div align='center'>II-1</div>

Item 21. Exhibits and Financial Statement Schedules.

| Exhibit 
 Number  
 2.1*†   
 3.1     |     | Description                                                                                                                                                                                                                                                                   
 Agreement and Plan of Merger, dated as of January 9, 2025, by and among CNB Financial Corporation, CNB Bank, ESSA Bancorp, Inc. and ESSA Bank & Trust (incorporated by reference to Annex A of the joint proxy statement/prospectus included in this registration statement). 
 Third Amended and Restated Articles of Incorporation of CNB Financial Corporation (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on April 18, 2024).                                                                          |
|:--------|:----|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.2     |     | Third Amended and Restated Bylaws of CNB Financial Corporation (incorporated by reference to Exhibit 3.2 to the Registrant’s Current Report on Form 8-K filed on April 18, 2024).                                                                                             |
| 4.1     |     | Form of Common Stock Certificate (incorporated by reference to Exhibit 4.