CNB Financial Corporation Announces Acquisition of Bank of Akron - Seite 2

“CNB Financial Corporation is an outstanding partner for our bank,” said Anthony J. Delmonte, Jr., President and Chief Executive Officer of Bank of Akron. “CNB has a successful community banking model and has shown consistent growth, high returns and strong stock price performance. We are excited to bring together two strong community minded banks, serving the Erie and Niagara counties. At Bank of Akron we have always used a ‘person first approach’ to our customers and communities and in BankOnBuffalo we found a partner that will further such a philosophy. Leveraging CNB’s infrastructure and community banking products, and having access to the capital to continue to grow our business will serve our customers and communities well.”

Griffin Financial Group, LLC acted as financial advisor to CNB Financial Corporation, and Hogan Lovells US, LLP acted as legal counsel. Bank of Akron was advised by Sandler O’Neill + Partners, L.P. and its legal counsel was Hodgson Russ, LLP.

Conference Call

CNB Financial Corporation will host a conference call to discuss the transaction on December 19, 2019 at 10:00am ET. Participating callers may access the call by dialing 1-866-548-4713 and using passcode 2736456. A replay of the conference call will be available through January 2, 2020. You may access the replay by dialing 1-888-203-1112 and using the passcode 2736456. The related investor presentation may be accessed through the Investor Relations section of CNB’s website at www.CNBBank.bank.

About CNB Financial Corporation

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $3.5 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division and 42 full-service offices in Pennsylvania, Ohio, and New York. CNB Bank’s divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in northwest Pennsylvania and northeast Ohio; FCBank, based in Worthington, Ohio, with offices in central Ohio; and BankOnBuffalo, based in Buffalo, New York, with offices in northern New York. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.