secwatch.observer — SEC 8-K summary
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Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001193125-25-163861
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000119312525163861/0001193125-25-163861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000119312525163861/d947078d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-163861

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