CNB Financial Corporation (CCNE) and ESSA Bancorp Inc. have secured all necessary bank regulatory approvals to finalize their merger.
ESSA will merge with and into CNB Financial Corporation (CCNE).
ESSA Bank & Trust will also merge with and into CNB Bank.
The Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities have approved the merger of ESSA Bank into CNB Bank.
CNB Bank received a waiver from the Federal Reserve Bank of Philadelphia regarding any application for the merger.
The merger is expected to close on July 23, 2025.
Michael D. Peduzzi, President and CEO of CNB Financial Corporation (CCNE), expressed satisfaction with receiving the required approvals and waivers to proceed.
