Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 63

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 63
---
 officers or other employees of CNB for making these solicitations.

CNB has retained a proxy solicitation firm, Alliance Advisors, LLC, to aid it in the solicitation process. CNB estimates it will pay Alliance Advisors, LLC a fee of approximately $25,000 plus certain expenses and has agreed to indemnify Alliance Advisors, LLC against certain losses. CNB intends to reimburse persons who hold CNB common stock of record but not beneficially, such as brokers, custodians, nominees and fiduciaries, for their reasonable expenses in forwarding copies of proxies and other soliciting materials to, and requesting authority for the exercise of proxies from, the persons for whom they hold the shares.

This joint proxy statement/prospectus and the proxy card are first being sent to CNB shareholders on or about , 2025.**

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CNB PROPOSAL 1 – THE SHARE ISSUANCE PROPOSAL**</div>

**CNB shareholders are being asked to consider and vote on a proposal to approve the issuance of shares of CNB common stock in connection with the merger on the terms and conditions set forth in 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 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 111 and 155, 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 CNB share issuance proposal. Abstentions and broker non-votes will have no effect on the outcome of the CNB share issuance proposal.

Recommendation of the CNB Board of Directors

THE CNB BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE CNB SHARE ISSUANCE PROPOSAL.**

<div align='center'>38</div>

#### CNB PROPOSAL 2 – ELECTION OF CNB DIRECTORS
CNB’s bylaws provide that the CNB Board of Directors shall consist of not less than nine nor more than twenty-four persons.