ABOUT CNB FINANCIAL CORPORATION
CNB Financial Corporation (the Corporation) is a bank holding company and a financial holding company registered under the Bank
Holding Company Act of 1956, as amended. We were incorporated under the laws of the Commonwealth of Pennsylvania in 1983 for the purpose of engaging in the business of a financial holding company. On April 26, 1984, we acquired all of the
outstanding capital stock of County National Bank, a nationally-chartered banking institution. In December of 2006, County National Bank changed its name to CNB Bank and became a state bank chartered in Pennsylvania and subject to regulation by the
Pennsylvania Department of Banking and the Federal Deposit Insurance Corporation. In October 2013, we acquired FC Banc Corp. and its subsidiary, The Farmers Citizens Bank. In July 2016, we acquired Lake National Bank. We are subject to regulation,
supervision and examination by the Board of Governors of the Federal Reserve System.
In addition to CNB Bank, we have four other
subsidiaries. CNB Securities Corporation is incorporated in Delaware and currently maintains investments in debt and equity securities. CNB Insurance Agency, incorporated in Pennsylvania, provides for the sale of nonproprietary annuities and other
insurance products. CNB Risk Management, Inc. is a Delaware-based captive insurance company that insures against certain risks unique to the operations of the Corporation and its subsidiaries and for which insurance may not be currently available or
economically feasible in todays insurance marketplace. Holiday Financial Services Corporation, incorporated in Pennsylvania, offers small balance unsecured and secured loans, primarily collateralized by automobiles and equipment, to borrowers
with higher risk characteristics.
We do not currently engage in any operating business activities, other than the ownership and
management of CNB Bank, CNB Securities Corporation, CNB Insurance Agency, CNB Risk Management, Inc. and Holiday Financial Services Corporation.
CNB Bank was originally chartered as a national bank in 1934 and is now a Pennsylvania-chartered bank. ERIEBANK, a division of CNB Bank, began
operations in 2005. In July 2016, we acquired Lake National Bank, which operated two full-service branches in Mentor, Ohio, approximately 20 miles east of Cleveland, Ohio. CNB Bank continues to operate these two branch locations within its ERIEBANK
franchise. In October 2013, we acquired FC Banc Corp. and its subsidiary, The Farmers Citizens Bank, in the central Ohio market area, which we operate today as FCBank, a division of CNB Bank. In 2016, CNB Bank received regulatory approval to conduct
business in the state of New York as BankOnBuffalo, a division of CNB Bank. CNB Bank opened a loan production office in Buffalo, New York in May 2016, which we closed in February 2017 concurrently with the opening of a full-service location in
downtown Buffalo in February 2017.
CNB Bank has one loan production office and 39 full-service branch offices located in various
communities in its market area. CNB Banks primary market area includes the Pennsylvania counties of Blair, Cambria, Cameron, Centre, Clearfield, Crawford, Elk, Indiana, Jefferson, and McKean. ERIEBANK, a division of CNB Bank, operates in the
Pennsylvania counties of Crawford, Erie, and Warren and the Ohio counties of Ashtabula, Cuyahoga, and Lake. FCBank, a division of CNB Bank, operates in the Ohio counties of Crawford, Richland, Ashland, Wayne, Marion, Morrow, Knox, Delaware, and
Franklin. BankOnBuffalo, a division of CNB Bank, operates in Erie and Niagara counties, New York.
CNB Bank is a full-service bank
engaging in a broad range of banking activities and services for individual, business, governmental and institutional customers. These activities and services principally include checking, savings, and time deposit accounts; real estate, commercial,
industrial, residential and consumer loans; and a variety of other specialized financial services. CNB Banks Private Client Solutions division offers a full range of client services, including private banking and wealth and asset management.
Corporate Information
Our common stock is traded on the NASDAQ Global Select Market under the symbol CCNE. Our principal executive offices are located at
1 South Street, P.O. Box 42, Clearfield, PA 16830. Our telephone
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