Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 95

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 95
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, as set forth on .

Section 5.23 . CNB and ESSA each
agree to (i) use their reasonable best efforts to obtain or cause to be provided, as appropriate, the opinions of counsel referred to in and (ii) deliver to Hogan Lovells US LLP and Luse Gorman PC,
or other counsel described in , a tax representation letter, dated as of the date of the Effective Time (and, if required, as of the effective date of the Form S-4) and
signed by an officer of CNB and ESSA, respectively, containing customary representations of CNB and ESSA as shall be reasonably necessary or appropriate to enable Hogan Lovells US LLP and Luse Gorman PC, or such other counsel described in
, to render the opinion described in on the date of the Effective Time (and, if required, on the effective date of the Form
S-4).

46

Section 5.24 . From and after the Bank Merger Effective Time,
CNB Bank shall operate ESSA Bank as a division of CNB Bank under the branding “ESSA Bank, a division of CNB Bank.”

Section 5.25 . CNB Bank hereby agrees to assume ESSA Bank’s obligations under the Consent Order upon
consummation of the Bank Merger, in accordance with paragraph 59 of the Consent Order. If CNB Bank is required to agree to assume ESSA Bank’s obligations under the Consent Order in a separate written agreement, CNB Bank agrees to enter into
such separate written agreement prior to the Closing Date.

ARTICLE VI

CONDITIONS TO CONSUMMATION OF THE MERGER

Section 6.01 . The respective obligations of ESSA and CNB to
consummate the Merger are subject to the fulfillment or, to the extent permitted by applicable law, written waiver by the parties hereto prior to the Closing Date of each of the following conditions:

(a) . All Regulatory Approvals shall have been obtained and shall remain in full force and effect, any requirements
contained in the Regulatory Approvals to be completed on or before the Closing Date shall have been completed, and all statutory waiting periods in respect thereof shall have expired or been terminated. No Regulatory Approvals referred to in this
shall contain any condition, restriction or requirement which the CNB Board, on the one hand, or the ESSA Board, on the other hand, reasonably determines in good faith would, individually or in the
aggregate