Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 51

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 51
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 Both CNB Bank and ESSA Bank are committed to full compliance with the ESSA Consent Order. However, achieving such compliance could require ESSA Bank, prior to the completion of the bank merger, to expend significant management attention and incur unanticipated costs and expenses. The combined bank could similarly be required to expend significant management attention and incur unanticipated costs and expenses to achieve compliance with the ESSA Consent Order. Actions taken to achieve compliance with the ESSA Consent Order may affect ESSA Bank’s and the combined bank’s business or financial performance and may require ESSA Bank or the combined bank to reallocate resources away from existing businesses or to undertake significant changes to their respective businesses, operations, products and services and risk management practices. In addition, although the ESSA Consent Order resolved all claims by the United States of America against ESSA Bank, ESSA and its subsidiaries or, following the merger, the combined company and its subsidiaries could be subject to other enforcement actions relating to the alleged violations resolved by the ESSA Consent Order.

Risks Relating to CNB’s Business

You should read and consider risk factors specific to CNB’s business that may affect the combined company after the merger. These risks are described in the “Risk Factors” section of CNB’s Annual Report on Form 10-K for the year ended December 31, 2023, and any subsequent updates included in CNB’s Quarterly Reports on Form 10-Q and in other documents incorporated by reference into this joint proxy statement/prospectus. See the section entitled “Where You Can Find More Information” beginning on page 186.

Risks Relating to ESSA’s Business

You should read and consider risk factors specific to ESSA’s business that may affect ESSA if the merger is not consummated, and may also affect the combined company after the merger. These risks are described in the “Risk Factors” section of ESSA’s Annual Report on Form 10-K for the year ended September 30, 2024, as amended, and any subsequent updates included in ESSA’s Quarterly Reports on Form 10-Q and in other documents incorporated by reference into this joint proxy statement/prospectus. See the section entitled “Where You Can Find More Information” beginning on page 186.**

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COMPARATIVE MARKET PRICE DATA CNB common stock is listed and traded on NASDAQ under the symbol “CCNE” and ESS