secwatch.observer — SEC 8-K summary
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Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001193125-22-031867
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000119312522031867/0001193125-22-031867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000119312522031867/d481580d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-031867

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer