Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 147

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 147
---
 automatically be exchanged for the merger consideration.

<div align='center'>**110

ESSA PROPOSAL 1 – THE MERGER PROPOSAL**</div>

**ESSA shareholders are being asked to consider and vote on a proposal to approve the merger agreement, a copy of which is attached as Annex A to this joint proxy statement/prospectus. For a summary and detailed information regarding this proposal, see the information about the merger and the merger agreement throughout this joint proxy statement/prospectus, including the information set forth in the sections entitled “The Merger” and “The Merger Agreement” beginning on pages 112 and 156, respectively, of this joint proxy statement/prospectus.

Pursuant to the merger agreement, approval of this proposal is a condition to the consummation of the merger. If this proposal is not approved, the merger will not be completed.

Vote Required for Approval

The affirmative vote of a majority of the votes cast on the proposal is required to approve the ESSA merger proposal. Abstentions and broker non-votes will have no effect on the outcome of the ESSA merger proposal.

Recommendation of the ESSA Board of Directors

THE ESSA BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ESSA MERGER PROPOSAL.**

<div align='center'>111</div>

### THE MERGER
The following discussion contains material information about the merger. The discussion is subject, and qualified in its entirety by reference, to the merger agreement and other documents attached as annexes to this joint proxy statement/prospectus. We urge you to read carefully this entire proxy statement/prospectus, including the merger agreement and other documents attached as annexes to this joint proxy statement/prospectus, for a more complete understanding of the merger.

#### General
On January 9, 2025, CNB, CNB Bank, ESSA and ESSA Bank entered into an Agreement and Plan of Merger 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.

Upon completion of the merger, holders of ESSA common stock (other than stock held by CNB or ESSA) will receive 0.8547 shares of CNB common stock for each share of ESSA common stock