# CNB FINANCIAL CORP/PA (CCNEP) — capital_raise/atm_program [announced]
Source: SEC API (secapi.ai) · situation sit_e22fef984c271b630463 · retrieved 2026-08-11T15:52:44.557Z

## Overview
Banking offices of ESSA Bank operate under the trade name ESSA Bank, a division of CNB Bank.

CNB Financial Corporation completed a partial redemption of $50.0 million of its 3.25% Fixed-to-Floating Rate Subordinated Notes due June 15, 2031 on June 15, 2026. Upon completion of the redemption, $35.0 million in principal amount of the Subordinated Notes remained outstanding. The interest rate on the remaining Subordinated Notes reset to a floating rate and will reset quarterly thereafter at an annual rate equal to the then-current three-month average SOFR plus 2.58%.

## Terms
- Deal value: $50.0M · Consideration: cash

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 8-K (0000736772-26-000069): 8-K - CNB FINANCIAL CORP/PA — *Banking offices of ESSA Bank operate under the trade name ESSA Bank, a division of CNB Bank.* CNB Financial Corporation completed a partial redemption of $50.0 million of its 3.25% Fixed-to-Floating Rate Subordinated Notes due June 15, 2031 on June 15, 2026. Upon completion of the redemption, $35.0 million in principal amount of the Subordinated Notes remained outstanding. The interest rate on the remaining Subordinated Notes reset to a floating rate and will reset quarterly thereafter at an annual rate equal to the then-current three-month average SOFR plus 2.58%.
  https://www.sec.gov/Archives/edgar/data/736772/0000736772-26-000069.txt

## Citations
- 0000736772-26-000069 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000073677226000069