Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 195

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 195
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 be    
 treated as having received the fractional share pursuant to the holding company merger and then as having exchanged the fractional share for cash in a redemption by CNB. As a result, such U.S. holder of ESSA common stock will generally recognize 
 gain or loss equal to the difference between the amount of cash received and the basis in his or her fractional share interest. This gain or loss generally will be capital gain or loss, and will be long-term capital gain or loss if, as of the    
 effective time of the holding company merger, the holding period for the fractional share (which will include the holding period of ESSA common stock surrendered therefor) is greater than one year. In general, long-term capital gains             |

150

| for non-corporate taxpayers may be eligible for a reduced rate of taxation. The deductibility of capital losses is subject to limitations; |

| • |     | the aggregate tax basis in the CNB common stock received by an ESSA shareholder pursuant to the holding company                                                                                                                        
 merger (including any fractional share of CNB common stock deemed received and sold for cash as described above) will equal that shareholder’s aggregate tax basis in the shares of ESSA common stock that are exchanged therefor; and |

| • |     | the holding period of CNB common stock received by an ESSA shareholder in the holding company merger (including                                                              
 any fractional share of CNB common stock deemed received as described above) will include the holding period of the shares of ESSA common stock that are exchanged therefor. |

If ESSA shareholders acquired different blocks of ESSA common stock at different times and at different prices, a holder’s tax basis and holding period in CNB common stock may be determined with reference to each block of ESSA common stock. Backup Withholding Payments of cash to an ESSA shareholder pursuant to the holding company merger are subject to information reporting and may, under certain circumstances, be subject to backup withholding (currently at a rate of 24%). A holder of ESSA common stock generally will not be subject to backup withholding, however, if the holder:

| • |     | furnishes a correct taxpayer identification number, certifies that the holder is not subject to backup                                                                      
 withholding on IRS Form W-9 (or an applicable substitute or successor form) and otherwise complies with all the applicable requirements of the backup withholding rules; or |

| • |     | provides proof of an applicable exemption from backup withholding. |

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