CNB Financial Corporation Surveillance Report

Company Profile

CNB Financial Corporation (NASDAQ: CCNE) (“the company”), headquartered in Clearfield, PA, is a diversified, commercially focused $6.3 billion-asset bank holding company for primary subsidiary, CNB Bank (“the bank”).
CCNE’s franchise growth has largely been attributed to organic expansion strategies supplemented by bolt-on, acquisitions. On July 23, 2025, CCNE completed its merger with Stroudsburg, PA-based Essa Bancorp, Inc. (NASDAQ: ESSA), creating an $8 billion-asset institution with an expanded footprint in Pennsylvania, notably in the Greater Lehigh Valley and Scranton markets.
Operating under multiple locally branded divisions of the bank, CCNE operates a 70+ branch network extending across a four-state footprint, largely encompassing rural and mid-market MSAs in central and northwest PA, OH (Cleveland and Columbus), Western NY, and Southwest VA. Complementing the company’s lending activities are scalable wealth ($1.6 billion AUM) and…

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