Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 169

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 169
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 a termination fee of $8.8 million if the merger with CNB is                                               
 not completed under certain circumstances, as more fully described in the section entitled “The Merger Agreement—Termination Fee” beginning on page 171; |

| • |     | the fact that ESSA’s common shareholders would not be entitled to appraisal or dissenters’ rights in 
 connection with the merger;                                                                          |

| • |     | the restrictions on the conduct of ESSA’s business during the period between execution of the merger                                                                                                                                                     
 agreement and the consummation of the merger, which could potentially delay or prevent ESSA from undertaking business opportunities that might arise or certain other actions it might otherwise take with respect to its operations absent the pendency 
 of the merger; and                                                                                                                                                                                                                                       |

| • |     | the other risks of the type and nature described in the sections entitled “Risk Factors” and                                                                                                                       
 “Information Regarding Forward-Looking Statements” beginning on pages 21 and 30, respectively, including but not limited to the risks described in the section titled “Risk Factors—Risks Relating to the Merger.” |

In considering the recommendation of the ESSA Board of Directors, you should be aware that certain directors and executive officers of ESSA may have interests in the merger that are different from, or in addition to, interests of shareholders of ESSA generally and may create potential conflicts of interest. The ESSA Board of Directors was aware of these interests and considered them when evaluating and negotiating the merger agreement, the merger and the other transactions contemplated by the merger agreement, and in recommending to ESSA’s shareholders that they vote in favor of the merger proposal. See the section entitled “The Merger—Interests of Certain ESSA Directors and Executive Officers in the Merger” beginning on page 145 for more information. The foregoing discussion of the material information and factors considered by the ESSA Board of Directors is not intended to be exhaustive and may not include all of the factors considered by the ESSA Board of Directors. In view of the variety of factors considered in connection with its consideration of the merger and the other transactions contemplated by the merger agreement, and the complexity of these matters, the ESSA Board of Directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The above factors are not listed in any particular order of priority. The ESSA Board of Directors considered all these factors