---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-031867"
form_type: "8-K"
ticker: "CCNE"
cik: "0000736772"
company_name: "CNB FINANCIAL CORP/PA"
filed_at: "2022-02-09T23:59:59+00:00"
generated_at: "2026-06-27T09:45:20.374384+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CNB Financial CEO Joseph Bower Jr. retiring; Michael Peduzzi to succeed

## Summary
- CEO Joseph Bower Jr. retires as President/CEO of Corp. effective Dec 31, 2022; as CEO of Bank effective July 1, 2022.
- Michael Peduzzi appointed President/CEO of Corp. (Dec 31, 2022) and CEO of Bank (July 1, 2022); continues as Bank Pres./COO.
- Peduzzi, 56, has 34+ years banking experience, most recently CFO of Mid Penn Bancorp (2016–Aug 2021).
- Bower led asset growth from $1.2B to $5.3B (342%) over 12 years as CEO, with $940M via acquisitions.

## SEC filing metadata
- accession: 0001193125-22-031867
- form_type: 8-K
- ticker: CCNE
- cik: 0000736772
- company_name: CNB FINANCIAL CORP/PA
- filed_at: 2022-02-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/736772/000119312522031867/0001193125-22-031867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/736772/000119312522031867/d481580d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-031867
- JSON: https://secwatch.observer/filing/0001193125-22-031867.json
- Plain text: https://secwatch.observer/filing/0001193125-22-031867.txt

## Key facts
- Executive change
  Joseph B. Bower, Jr. departed as Chief Executive Officer of the Bank at CNB FINANCIAL CORP/PA.
  - Action: retire
  - Role: Chief Executive Officer of the Bank
  source text: Joseph B. Bower, Jr., President and Chief Executive Officer of the Corporation and Chief Executive Officer of the Bank, will retire from such positions effective December 31, 2022 and July 1, 2022, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312522031867/0001193125-22-031867-index.htm
- Executive change
  Michael Peduzzi was appointed as Chief Executive Officer of the Bank at CNB FINANCIAL CORP/PA.
  - Action: appointed
  - Role: Chief Executive Officer of the Bank
  source text: the Board of Directors of the Corporation appointed Michael Peduzzi, who currently serves as President and Chief Operating Officer of the Bank, to succeed Mr. Bower as President and Chief Executive Officer of the Corporation, effective December 31, 2022, and Chief Executive Officer of the Bank, effective July 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312522031867/0001193125-22-031867-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.