2016 ANNUAL REPORT TABLE OF CONTENTS
Consolidated Financial Highlights
Message to the Shareholders
Executive Management and Board of Directors
Officers
Shareholder Information
4
5
8
9
12
2016 ANNUAL REPORT HIGHLIGHTS
3
FOR THE YEAR 2016 2015 % Change Interest and Dividend Income $94,315 $87,178 8.2% Interest Expense 13,028 12,471 4.5% Net Interest Income 81,287 74,707 8.8% Non-interest Income 17,691 17,094 3.5% Non-interest Expense 67,118 58,752 14.2% Net Income 20,540 22,197 (7.5%) Net Income Return on: Average Assets 0.85% 0.99% (14.1%) Average Equity 9.69% 11.23% (13.7%)AT YEAR END Assets $2,573,821 $2,285,136 12.6% Loans, net of unearned 1,870,870 1,577,789 18.6%Deposits 2,017,522 1,815,053 11.2% Shareholders’ Equity 211,784 201,913 4.9% PER SHARE DATA Net Income, diluted $1.42 $1.54 (7.8%)Dividends 0.66 0.66 0.0% Book Value 14.64 14.01 4.5% Market Value 26.74 18.03 48.3%CONSOLIDATED FINANCIAL HIGHLIGHTS (dollars in thousands, except per share data)HIGHLIGHTS4CNB FINANCIAL CORPORATION MESSAGE
TO OUR SHAREHOLDERS, CUSTOMERS, EMPLOYEES & FRIENDS:
CNB Financial Corporation entered 2016 having just completed a major renovation and expansion of its headquarters. Upon completion of this investment, several
other strategic initiatives began—including upgrades to the core processing system with enhanced electronic banking services; the construction of three new
facilities across the Bank’s divisions; and various staffing enhancements to better serve our growth and to provide better coverage of the continued increase in
regulatory burdens. It’s a pleasure to announce that the system upgrade is complete and already improving our ability to provide modern, state-of-the-art services
to our customers. Also, as you read this report, all three new offices, including the FCBank headquarters in Worthington, Ohio, the ERIEBANK office in Ashtabula,
Ohio, and the CNB Bank office in Blair County, Pennsylvania, are open and serving their respective communities. Finally, we have added an appropriate number of
new positions to our operations staff to fully support our growth in the near future. In short, our major infrastructure projects are complete.
Several other significant initiatives occurred over the past year. Some of these initiatives had a negative impact on 2016 earnings; however, each project better
positions CNB for future growth and stronger earnings. In the second quarter, CNB prepaid $40 million of Federal Home Loan Bank of Pittsburgh fixed-rate borrow-
ings. This will give CNB a positive reduction in cost of funds. Early in the third quarter, we completed the acquisition of Lake National Bank. The two new locations,
as well as their staff and customers (including a significant number of manufacturing companies in Lake County, Ohio), have been welcomed into our ERIEBANK
division. We are highly optimistic that this merger will provide CNB with a major growth area for many years to come, especially in the commercial and industrial
sector.
Also in the third quarter, CNB Financial Corporation announced a $50 million subordinated debenture offering. The proceeds of this issuance have been contributed
to CNB Bank to increase its capital ratios and provide further support of future growth. In addition to this debt issuance to improve capital, a common stock offering
was announced and completed in the first quarter of 2017 to raise $20 million. This capital will bolster the Corporation’s tangible common equity position. CNB
expects to see earnings improve from 2016 as the growth in earning assets and the updated infrastructure continue to be put to work. The internal growth of
capital through enhanced earnings should provide a continual source of capital for the future.
CNB’s most exciting news in 2016 was the announcement of its newest division, Bank on Buffalo, which will serve Erie County of New York along with the sur-
rounding counties of Western New York. The decision to move into this region with a de novo operation came after an extensive evaluation of the market and the
competition, as well as a search for the key executive from the area to spearhead the market’s development. Just prior to this announcement, two large regional
financial institutions (KeyBank and First Niagara Bank) announced their merger. This merger of two companies that hold significant market share in the area only
increases the excitement for our newest division. Bank on Buffalo, which has already opened its first full-service office and has two other sites under agreement to
open in the late second or early third quarter of 2017, will primarily focus on the large number of commercial and industrial businesses that operate in the market.
All of the previously noted events resulted from management’s implementation of the Board-approved strategic plan, which revolves around the philosophy,
“Look for a way to say yes to your customers, co-workers, and community, every time.” This very simple statement encompasses our company’s culture in a succinct
way. The plan further defines this philosophy with five pillars of success:
1. Leadership in Local Communities – a differentiating factor is CNB’s level of investment and leadership in local communities.
2. Exceptional Customer Experience – CNB staff must provide consistently exceptional customer service, which in turn will lead to positive customer
experiences (CX); an enterprise-wide CX plan has been implemented.
2016 ANNUAL REPORT HIGHLIGHTS
5
FINANCIALS
ASSET GROWTH (in thousands)
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2012
2013
2014
2015
2016
$1,773,079
$2,131,289
$2,189,213
$2,285,136
$2,573,821
LOANS, NET OF UNEARNED (in thousands)
0
125
250
375
500
625
750
875
1,000
1,125
1,250
1,375
1,500
1,625
1,750
1,875
$927,824
$1,295,363
$1,355,289
$1,577,798
$1,870,870
NET INTEREST INCOME (in thousands)
$ 0
$8
$16
$ 24
$ 32
$ 40
$ 48
$ 56
$ 64
$ 72
$ 80
2012
2013
2014
2015
2016
$53,209
$59,204
$74,595
$74,707
$81,287
EARNINGS PER SHARE (diluted)
$.00
.15
.30
.45
.60
.75
.90
1.05
1.20
1.35
1.50
1.65
$1.38
$1.29
$1.60
$1.54
$1.42
2012
2013
2014
2015
2016
2012
2013
2014
2015
2016
6
CNB FINANCIAL CORPORATION
Message to the Shareholders continued…
3. Employee Development – a critical component of workplace culture and employee satisfaction is the continued training and development of staff.
4. A Consistent Approach to Growth – CNB will proactively evaluate targets for de novo and/or acquisition potential. This includes both geographical areas
and financial institutions. CNB Bank will continue to operate as CNB Bank, ERIEBANK, FCBank, and Bank on Buffalo; each market has a unique marketing
and growth strategy with operational support from the bank, but is led by market Presidents.
5. A Solid Foundation of Technology – Deeply entwined in every aspect of our service model is the need for current technology.
As noted, employee development is critical to CNB’s success. Efforts to provide a comfortable and pleasant work environment include competitive compen-
sation, a wellness program, and up-to-date technology. Our team is also provided with a significant retirement plan opportunity so that each associate can
have peace of mind regarding retirement and better focus on today’s challenges. In addition to all of this, each employee has access to a comprehensive
benefits package that offers flexibility depending on his or her individual needs.
There is a school of thought that asks, “What if we train them and they leave?” To which we respond, “What if we don’t and they stay?” Training is
paramount and continuous for our entire team. From online courses to off-site training provided by experts in their field, everyone in the Corporation has
formal training each year. Today’s technology and ever-increasing regulations are just two of the many reasons we must continue to evolve our training
methods. Recently, CNB developed a two-year Leadership Institute that focuses on management techniques as well as individual characteristics and
demeanor. CNB will continue to evolve its training methods with the constant changes that occur in the banking industry.
Perhaps the most humbling and memorable event of the year occurred in November 2016. CNB Financial Corporation was invited to ring the closing bell
at NASDAQ National Markets on the day following Election Day. It was, without a doubt, a very historic day. The market reacted very positively and the day
closed with a total green board behind us. CNB’s stock was included in the rally and I, personally, felt very honored to represent the Corporation along
with eleven executives and directors.
Change, challenge, and opportunity are the focus for 2017. Many things in business can be controlled, but for everything that can, there is something that
can’t. Regulations, consumers, the economy, and politics are some examples. This year appears to be poised for unpredictability, which began with the
latest election, as many changes are being considered. Regulatory relief and tax reform appear to be on the horizon. In addition, oil and gas exploration
and development are beginning to ramp up. Whatever the changes are, we must be prepared for their impact on the bank and its customers. Our Corpora-
tion is in touch with both the state and federal associations that help to drive the policy for each body’s regulatory agenda. Through this involvement, our
voices are being heard and we are hopeful that changes will be made to benefit our customers. Regardless of the outcome, we will stay very close to the
discussions so that we can address any resulting challenges.
We truly appreciate your ownership and interest in CNB Financial Corporation.
Joseph B. Bower, Jr.
President and Chief Executive Officer
2016 ANNUAL REPORT HIGHLIGHTS
7
EXECUTIVE MANAGEMENT
& BOARD OF DIRECTORS
Corporate Officers, CNB Financial Corporation
Joseph B. Bower, Jr.
President & Chief Executive Officer
Richard L. Greslick, Jr.
Secretary
Brian W. Wingard
Treasurer & Principal Financial Officer
Executive Officers, CNB Bank
Joseph B. Bower, Jr.
President & Chief Executive Officer
Mark D. Breakey
Senior Executive Vice President &
Chief Credit Officer
Joseph E. Dell, Jr.
Senior Executive Vice President &
Chief Commercial Banking Officer
Board of Directors
CNB Financial Corporation and CNB Bank
Peter F. Smith
Chairman of the Board
Attorney at Law
Joseph B. Bower, Jr.
President and Chief Executive Officer,
CNB Financial Corporation; President &
Chief Executive Officer, CNB Bank
William F. Falger
Retired, Former President & Chief
Executive Officer, CNB Financial
Corporation, CNB Bank
Richard L. Greslick, Jr.
Secretary, CNB Financial Corporation;
Senior Executive Vice President &
Chief Operating Officer, CNB Bank
Richard L. Greslick, Jr.
Senior Executive Vice President,
Chief Operating Officer
Mary Ann Conaway
Executive Vice President,
Human Resources
Leanne D. Kassab
Executive Vice President,
Customer Experience
Steven R. Shilling
Executive Vice President,
Private Client Solutions
Brian W. Wingard
Executive Vice President &
Chief Financial Officer
Dennis L. Merrey
Retired, Formerly President, Clearfield
Powdered Metals, Inc. (Manufacturer)
Robert W. Montler
President & Chief Executive Officer,
Lee Industries and Keystone Process
Equipment (Manufacturer)
Joel E. Peterson
President, Clearfield Wholesale Paper
(Wholesaler)
Deborah Dick Pontzer
Economic Development & Workforce
Specialist, Office of Congressman
Glenn Thompson
Jeffrey S. Powell
President, J.J. Powell, Inc.
(Petroleum Distributor)
James B. Ryan
Retired, Formerly Vice President of
Sales, Marketing, Windfall Products, Inc.
(Manufacturer)
Nick Scott, Jr.
Vice President & Owner, Scott Enterprises
(Hospitality Industry)
Richard B. Seager
President and Chief Executive Officer,
Journey Health System (Health Services)
Frank Straub
Managing Officer and Director, St. Marys
Pharmacy, Inc. and Bennetts Valley
Pharmacy, Inc. (Pharmaceuticals)
Peter C. Varischetti
President, Varischetti Holdings, LLC
8
CNB FINANCIAL CORPORATION
OFFICERS
Administrative Services
Timothy A. Bracken
Vice President, Controller
Carolyn B. Smeal
Vice President, Operations
Susan M. Warrick
Vice President, Operations
Becky A. Coleman
Assistant Vice President, Operations
CNB Bank
Greg M. Dixon
CNB Market Executive
Jeffrey W. Alabran
Senior Vice President,
Commercial Banking, Indiana
Michael E. Haines
Vice President,
Commercial Banking, St. Marys
Karen R. Pfingstler
Vice President,
Commercial Banking, DuBois
Matthew Q. Raptosh
Regional Vice President,
Commercial Banking, Blair County
Joseph H. Yaros
Vice President,
Commercial Banking, Bradford
David W. Ogden
Vice President, Credit Administration
Eileen F. Ryan
Vice President, Mortgage Lending
Ruth Anne Ryan-Catalano
Vice President, Retail Banking
C. Brett Stewart
Vice President,
Commercial Banking, Indiana
Shannon L. Irwin
Assistant Vice President,
Human Resources
John H. Sette
Assistant Vice President,
Information Systems
Paul A. McDermott
Assistant Vice President, Facilities
B.J. Sterndale
Assistant Vice President, Training
Kylie Ogden
Assistant Vice President, Compliance
Erin L. Brimmeier
Operations Officer
Thomas B. Gilmore
Information Technology Manager
Amy B. Potter
Marketing Officer
Jessica A. Shaffner
Enterprise Support Officer
Brenda L. Terry
Banking Officer
Christopher L. Stott
Vice President,
Director of Private Banking
Mary A. Baker
Assistant Vice President, Market
Manager, Northern Cambria Office
Vickie L. Baker
Assistant Vice President,
Market Manager, Bradford Main Office
Katie M. Whysong
Assistant Vice President,
Commercial Banking
James C. Davidson
Assistant Vice President,
Private Banking
Denise J. Greene
Assistant Vice President,
Private Banking
Cory K. Johnston
Assistant Vice President,
Credit Administration
Katie A. Penoyer
Assistant Vice President,
Treasury Services
Heather D. Serafini
Assistant Vice President,
Private Banking
Judy L. Barry
Banking Officer, Portfolio Manager
Lori L. Curtis
Community Office Manager,
Philipsburg Plaza Office
Autumn F. Farley
Commercial Banking Officer
Beverly A. Greene
Banking Officer, Portfolio Manager
Caroline Henry
Community Office Manager,
Philipsburg Presqueisle Street Office
Tyler A. Kirkwood
Commercial Banking Officer
Heather Koptchak
Market Manager
Jacklyn M. Lantzy
Community Office Manager,
Blair County Office
Lisa A. Marchiori
Community Office Manager,
DuBois Office
James V. Masone
Assistant Commercial Banking Officer
Alesia N. McElwee
Community Office Manager,
Clearfield Main Office
Dustin A. Minarchick
Commercial/Retail Banking Officer
Andrew V. Nedzinski
Assistant Commercial Banking Officer
Nadine J. Rodgers
Banking Officer, Indiana
Douglas M. Shaffer
Community Office Manager,
Punxsutawney Office
Lori D. Shimel
Community Office Manager,
Houtzdale and Madera Offices
Sherry Wallace
Mortgage Banking Officer
Gregory R. Williams
Banking Officer, Clearfield
Joel M. Zupich
Credit Officer
Kevin C. Wain
Community Office Assistant Manager,
Clearfield Industrial Park Road Office
Wealth & Asset Management Services
Craig C. Ball
Vice President,
Wealth & Asset Management
Calvin R. Thomas, Jr.
Vice President,
Wealth & Asset Management
Eric A. Johnson
Vice President,
Wealth & Asset Management
Glenn R. Pentz
Vice President,
Wealth & Asset Management
Andrew D. Franson
Assistant Vice President,
Wealth & Asset Management
R. Michael Love
Assistant Vice President,
Wealth & Asset Management
Dorthy M. Turner
Wealth & Asset Management Officer
2016 ANNUAL REPORT HIGHLIGHTS
9
10CNB FINANCIAL CORPORATIONOFFICERS & AFFILIATESDavid J. Zimmer PresidentSteven M. Cappellino Senior Vice President, Regional Manager, Crawford CountyWilliam L. DeLuca, Jr. Senior Vice President, Commercial BankingAndrew L. Meinhold Senior Vice President, Regional Manager, Lake CountyDavid P. Bogardus Vice President, Commercial Banking, Ashtabula OfficeBetsy C. Bort Vice President, Commercial BankingScott O. Calhoun Vice President, Commercial BankingTimothy A. Flenner Vice President, Commercial Banking, Mentor Center OfficeChristine Hartog Vice President, Market Manager, Community Office Manager, Mentor Center OfficeEryn C. Medved Vice President, Commercial Banking & Treasury Services, Mentor Center OfficeJoshua P. Miller Vice President, ERIEBANK Investment AdvisorsLarry G. Morton, Jr. Vice President, ERIEBANK Investment Advisors Gregory A. Noon Vice President, Commercial Banking, Warren OfficeJohn M. Schulze Vice President, Commercial BankingWilliam J. Vitron, Jr. Vice President, ERIEBANK Investment AdvisorsThomas J. Walker Vice President, Commercial Banking, Warren OfficeJ. Allen Weaver Vice President, Commercial Banking Team Leader, Mentor Center OfficeKelly S. Buck Assistant Vice President, Private BankingChrystal M. Fairbanks Assistant Vice President, Community Office Manager/Private Banking, Ashtabula OfficeDenise E. Gelofsack Assistant Vice President, Portfolio Manager, Mentor Center OfficeCarla M. Higgins Assistant Vice President, Commercial BankingAllison M. Hodas Assistant Vice President, Treasury ServicesKatie J. Jones Assistant Vice President, Market ManagerBarbara A. Macks Assistant Vice President, ERIEBANK Investment AdvisorsJulie L. Martin Assistant Vice President, Commercial ServicesJames R. Miale Assistant Vice President, Commercial Banking, Meadville OfficeTimothy J. Roberts Assistant Vice President, Commercial BankingPaul D. Sallie Assistant Vice President, Private BankingRussell G. Daniels Commercial Banking OfficerErin L. Bednaro Community Office Manager, Interchange OfficeRobert P. Cannon Community Office Manager, Midland OfficeTracie A. Harmon Community Office Manager, Vernon OfficeJaclyn R. Italiani Community Office Manager, Downtown OfficeBrenda G. Shaffer Community Office Manager, Harborcreek OfficeHelicia E. Sonney Community Office Manager, Asbury OfficeTheresa L. Swanson Community Office Manager, Warren OfficeMary J. Taormina Community Office Manager, Meadville OfficeJohn R. VanTassel Treasury Services OfficerAbigail L. Williams Community Office Manager, West 12th Street OfficeDebra A. Masone Community Office Assistant Manager, Meadville OfficeERIEBANK, a Division of CNB BankERIEBANK Regional Board of AdvisorsDavid J. Zimmer Chairman of the Board, President, ERIEBANKJoseph B. Bower, Jr. President and Chief Executive Officer, CNB Financial Corporation, CNB BankMark D. Breakey Senior Executive Vice President & Chief Credit Officer, CNB BankGary L. Clark Chief Executive Officer, Reed Manufacturing CompanyJane M. Earll Esquire, (Senator, Retired)David K. Galey Retired, Former Treasurer and Chief Financial Officer, Greenleaf Corporation (Manufacturer)Richard L. Greslick, Jr. Secretary, CNB Financial Corporation; Senior Executive Vice President & Chief Operating Officer, CNB BankCharles “Boo” Hagerty President, Hamot Health Foundation (Health Services)Thomas M. Kennedy President, Professional Development Associates, Inc. (Business and Real Estate Development)Jerome T. Osborne, III President, JTO, Inc. (Real Estate Developer)Lance F. Osborne President, Osborne Capital Group (Real Estate Investment)Thomas W. Reams Vice President, C. H. Reams & Associates, Inc. (Insurance)Nick Scott, Jr. Vice President & Owner, Scott Enterprises (Hospitality Industry)James E. Spoden Esquire, MacDonald Illig Jones & Britton, LLP (Law Office)ERIEBANK Ohio Regional Board of AdvisorsDr. Lundon Albrecht Owner, Albrecht Family Dentistry Dental Consultant, Coltene Whaledent Jennifer Brown Economic Development Specialist, CT Consultants (Municipal Government, Public Entities) Richard T. Flenner, Jr. Retired, Former President, Lake National BankBryce A. Heinbaugh Managing Partner, IEN Risk Management Consultants (Insurance Brokers & Agencies) Richard J. Kessler President, Society of Rehabilitation (Serves Individuals with Disabilities)Shawn Neece Director, NMS Certified Public AccountantsJoseph T. Svete President, Svete & McGee Co., LPA (Law Office) 112016 ANNUAL REPORT HIGHLIGHTSJ. Andrew Dale PresidentNeal S. Clark Vice President, Senior Commercial BankingDonna M. Conley Vice President, Commercial Banking/Community Office Manager, Bucyrus NorthTerrance E. Hamm Vice President, Commercial BankingJohn G. Hock Vice President, Commercial BankingSteven W. Howard Vice President, FC Financial ServicesScot D. Lewis Vice President, Commercial BankingJack L. Trachtenberg Vice President, Private BankingDean J. Vande Water Vice President, Commercial BankingJeffrey P. Scholl Vice President, Market ManagerFrank Sudal Vice President, FC Financial ServicesBrian C. Bach Assistant Vice President, Agriculture LendingWilliam R. Diehl Assistant Vice President, Portfolio ManagerBernard J. McGuinness Assistant Vice President, Commercial BankingWendy L. Moreland Assistant Vice President, Treasury ServicesJillian V. Price Assistant Vice President, Market ManagerThomas J. Szabo Assistant Vice President, Commercial BankingJared Butler Network Administrator, Facilities OfficerAnnette D. Lester Community Office Manager, Cardington OfficeMichelle P. Muchow Executive Assistant, Banking OfficerJ. Ralph Parker Senior Credit OfficerTeri A. Slate Community Office Manager, Shiloh OfficeTravis M. Smith Banking Officer, Portfolio ManagerElaine M. Wilson Community Office Manager, Fredericktown OfficeChristopher A. Winegardner Community Office Manager, Worthington OfficeClara J. McClung Community Office Assistant Manager, Worthington OfficeFCBank, a Division of CNB BankFCBank Regional Board of AdvisorsJ. Andrew Dale Chairman of the Board, President, FCBankJoseph B. Bower, Jr. President and Chief Executive Officer, CNB Financial Corporation, CNB BankMark D. Breakey Senior Executive Vice President & Chief Credit Officer, CNB BankJennifer Carney Partner and Co-Founder, Carney Ranker Architects, Ltd.Patrick J. DrouhardRetired, Former Cardington-Lincoln School District SuperintendentRichard L. Greslick, Jr. Secretary, CNB Financial Corporation; Senior Executive Vice President & Chief Operating Officer, CNB Bank R. Duane Hord President, Hord Livestock, Inc. (Agriculture)Lawrence A. Morrison CPA and Partner, Kleshinski, Morrison & Morris, LLP (Accounting)David Royer Vice President of Finance & Development, Continental Real Estate Companies (Real Estate Developer)J. Randall Schoedinger CEO, Schoedinger Funeral and Cremation ServicesBank on Buffalo, a Division of CNB BankHoliday Financial Services Corporation, a Subsidiary of CNB Financial CorporationBOARD OF DIRECTORSJoseph B. Bower, Jr. ChairmanRichard L. Greslick, Jr. SecretaryBrian W. Wingard DirectorCORPORATE OFFICERSJoseph P. Strouse PresidentMartin T. Griffith PresidentGregory G. Emminger Vice President, Commercial BankingKathleen B. Kane Vice President, Regional Retail Market ManagerDavid G. Hawker Assistant Vice President, Portfolio ManagerCNB Securities Corporation, a Subsidiary of CNB Financial Corporation, Wilmington, DEBOARD OF DIRECTORSTimothy A. Bracken DirectorGlenn R. Pentz DirectorDonald R. McLamb, Jr. Wilmington Trust SP Services, Inc. CORPORATE OFFICERSBrian W. Wingard PresidentDonald R. McLamb, Jr. Treasurer, Wilmington Trust SP Services, Inc.Elizabeth F. Bothner Secretary, Wilmington Trust SP Services, Inc. 12CNB FINANCIAL CORPORATIONAnnual Meeting The Annual Meeting of the Shareholders of CNB Financial Corporation will be held Tuesday, April 18, 2017 at 2:00 p.m. at the Corporation’s headquarters in Clearfield, PA.Corporate AddressCNB Financial Corporation 31 S. Second Street P.O. Box 42 Clearfield, PA 16830 (814) 765-9621Stock Transfer Agent & Registrar American Stock Transfer & Trust Company, LLC 6201 15th Avenue Brooklyn, NY 11219 (800) 937-5449Form 10-K Shareholders may obtain a copy of the Annual Report to the Securities and Exchange Commission on Form 10-K by writing to: CNB Financial Corporation P.O. Box 42 Clearfield, PA 16830 ATTN: Shareholder RelationsQuarterly Share Data For information regarding the Corporation’s quarterly share data, please refer to Item 5 in the 2016 Form 10-K.Market Makers The following firm has chosen to make a market in the stock of the Corporation. Inquiries concerning their services should be directed to:Boenning & Scattergood, Inc. 1700 Market Street, Ste 1420 Philadelphia, PA 19103 (800) 842-8928SHAREHOLDER INFORMATION 132016 ANNUAL REPORT HIGHLIGHTSCorporate ProfileCNB Financial Corporation is a leader in providing integrated financial solutions, which create value for both consumers and businesses. These solutions encompass deposit accounts, private banking, real estate, commercial, industrial, residential and consumer loans and lines of credit, credit cards, treasury services, online banking, mobile banking, merchant credit card processing, remote deposit and accounts receivable han-dling. In addition, the Corporation provides wealth and asset management services, retirement plans and other employee benefit plans. CNB BankA subsidiary of CNB Financial Corporation, CNB is a regional independent community bank in North Central Pennsylvania with over 500 employees who make customer service more responsive and reliable. For over 150 years, the Bank has strived to be more customer-driven than its competitors and to build long-term customer relationships by being reliable and competitively priced. CNB continually seeks innovative ways to execute a personal, quality-driven customer service strategy and prides itself on being first-to-market for many of these innovations. To satisfy customers’ financial needs and expectations, it offers a variety of delivery channels, which include twenty-two full-service offices, nineteen ATMs, telephone banking (1-866-224-7314), Internet banking (www.CNBBank.bank), mobile banking, and a centralized customer service center (1-800-492-3221).ERIEBANKHeadquartered in Erie, Pennsylvania, ERIEBANK is a division of CNB Bank. Presently, there are eight full service offices in Pennsylvania, which house its commercial, retail and Private Banking divisions. Five offices are in Erie, two in Meadville, and one in Warren, Pennsylvania. ERIEBANK also has three full- service offices in Ohio, one in Ashtabula and two in Mentor. In addition, ERIEBANK Investment Advisors provides wealth and asset management services, retirement plans and other employee benefit plans. FCBANKFCBank, a division of CNB Bank, is headquartered in Worth-ington, Ohio with nine full service offices in the communities of Bucyrus, Shiloh, Mt. Hope, Cardington, Fredericktown, Worthington, Dublin, and Upper Arlington. FCBank also has one loan production office in Lancaster, Ohio. FCBank is driven by a strong focus on meeting the financial needs of businesses and individuals in a way only a community bank can deliver. FCBank offers commercial, retail, and Private Banking services, along with wealth and asset management services through FC Financial Services.Bank on BuffaloBank on Buffalo, a division of CNB Bank, was formed in 2016 and a loan production office was opened in the Electric Tower building in downtown Buffalo, New York. This loan production office was converted to a full-service office in February 2017, and two additional Bank on Buffalo full-service offices will be opened in 2017 in Williamsville and Orchard Park, New York.Holiday Financial ServicesHoliday Financial Services, a subsidiary of CNB Financial Corpo-ration, is a consumer loan company, and currently has ten con-venient office locations in State College, Bradford, Clearfield, Hollidaysburg, Erie, Ridgway, Johnstown, Ebensburg, Indiana, and Clarion, Pennsylvania. Backed by
the full faith
and credit
of the
United States
government
Each depositor insured to at least $250,000
FDIC
Federal Deposit Insurance Corporation •www.fdic.gov
The common stock of the Corporation trades on the
NASDAQ Global Select Market under the symbol CCNE.
14
CNB FINANCIAL CORPORATION
CNB Financial Corporation31 South Second Street, P.O. Box 42 Clearfield, PA 16830800-492-3221www.CNBBank.bank