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CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

1. CNB Financial declared a quarterly cash dividend of $0.4453125. 2. Dividend payable on November 29, 2024, for record holders by November 15. 3. CNB Financial holds approximately $6.0 billion in consolidated assets. 4. CNB Bank operates multiple divisions across Pennsylvania, Ohio, New York, and Virginia. 5. The bank offers diverse financial services, enhancing its market position.

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FAQ

Why Bullish?

The dividend declaration signals financial stability, potentially boosting investor confidence.

How important is it?

Dividend announcements typically have a positive effect on stock valuations and investor interest.

Why Short Term?

The immediate expectation of dividend payment influences short-term trading behavior.

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CCNEP
CLEARFIELD, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP), resulting from the Corporation’s declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on November 29, 2024, to holders of record as of November 15, 2024. CNB Financial Corporation is a financial holding company with consolidated assets of approximately $6.0 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, two loan production offices, one drive-up office, one mobile office, and 54 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These 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; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

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