CNB Financial completes ESSA Bancorp merger; ESSA shares converted at 0.8547-for-1

CNB FINANCIAL CORP/PA

ESSA shareholders received 0.8547 CNB shares per ESSA share; cash for fractional shares.
CNB Bank adds 20 ESSA branches, now totals 78 branches across 4 states.
Gary S. Olson, Robert C. Selig Jr., and Daniel J. Henning appointed to CNB and CNB Bank boards.
Olson will serve as Special Advisor to CNB CEO through Aug 7, 2025, with $601,874 base salary.
Olson receives ~$35,000 in restricted CNB stock under the 2025 Omnibus Incentive Plan.

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