CNB Financial Corporation announced the completion of its merger with ESSA Bancorp, Inc. on July 23, 2025. In this transaction, ESSA’s subsidiary bank, ESSA Bank & Trust, merged with and into CNB’s subsidiary bank, CNB Bank, with ESSA’s offices now operating as ESSA Bank, a division of CNB Bank.
This strategic merger significantly expanded CNB Bank’s branch network into the Northeastern Region of Pennsylvania, including the Lehigh Valley. The addition of ESSA’s 20 community offices brings CNB Bank’s total branch count to 78 across its four-state footprint.
Following the completion of the merger, CNB Financial Corporation's consolidated assets are now in excess of $8.0 billion. Consistent with the merger agreement, Gary S. Olson, Robert C. Selig Jr., and Daniel J. Henning from ESSA will join the CNB and CNB Bank boards, with Mr. Olson also serving as a strategic advisor to CNB’s CEO.
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