Michael Peduzzi Appointed to CNB Financial Corporation Board of Directors

About this update from Cnb Financial Corporation

CLEARFIELD, Pa. , Nov. 09, 2022 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“CNB”) (NASDAQ: CCNE), the parent company of CNB Bank , announced that Michael Peduzzi , currently the Vice President of CNB and the President and Chief Executive Officer of CNB Bank , was appointed to the Board of Directors of CNB effective January 1, 2023 . Mr. Peduzzi was previously appointed to the Board of Directors of CNB Bank and will continue to serve on the Board of Directors of CNB Bank . CNB previously announced that Mr. Peduzzi will succeed Joseph B. Bower , Jr. as President and Chief Executive Officer of CNB on December 31, 2022 . On November 8, 2022 , Mr. Bower informed CNB of his retirement from the Boards of Directors of CNB and CNB Bank , effective December 31, 2022 . Mr. Peduzzi , who is also a licensed certified public accountant, has over 34 years’ experience serving the banking and financial services industries. “We are pleased to welcome Mike Peduzzi as a board member,” said Peter Smith , Charmain of the Boards of Directors of both CNB and CNB Bank . “With Mike’s extensive financial and banking expertise, he will bring valuable perspective to our Boards of Directors.” About CNB Financial Corporation CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.3 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, three loan production offices, one drive-up office and 46 full-service offices in Pennsylvania , Ohio , New York and Virginia . 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 ; BankOnBuffalo, based in Buffalo, New York , with offices in Western New York ; and Ridge View Bank , with loan production offices in the Southwest Virginia region. 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. Contact: Tito L. Lima Treasurer (814) 765-9621 Source: CNB Financial

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