CNB Bank - M&A Summary and Business Overview

Financial ServicesCompany

CNB Bank M&A Summary

CNB Bank has acquired 1 company.

CNB Bank’s largest acquisition to date was in 2015, when it acquired Lake National Bank for $25M. CNB Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

CNB Bank Business Overview

Where is CNB Bank headquartered?

CNB Bank is headquartered in Clearfield, Pennsylvania.

What is CNB Bank’s revenue?

CNB Bank disclosed revenue of 220M USD for 2022 and 189M USD for 2021.

How many employees does CNB Bank have?

CNB Bank has 722 employees.

What sector is CNB Bank in?

CNB Bank is a financial services company.

When was CNB Bank founded?

CNB Bank was founded in 1865.

M&A Summary

M&A Total Activity1
- M&A Buy Activity1
Total Sectors Invested 1
Total Countries Invested 1
M&A Advisors 2

CNB Bank

CNB Financial Corp.

1 South Second Street, PO Box 42,
Clearfield, Pennsylvania 16830
United States,
(217) 854-2674
www.cnbbank.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 was incorporated in 1865 and is based in Clearfield, Pennsylvania.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	1	-	-	-	-	-	1
Buy (0.0/yr)	vol	$25M						$25M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								1

Most Recent M&A

Company	Date	Value	Type
Lake National Bank	2015-12-30	25M USD	Add-on Acquisition
Mentor, Ohio · www.lakenationalbank.com
View All >>

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Financial Services		1 (100%)	25M (100%)	-	-
Total		1	$25M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		1	25M	-	-
	Ohio	1	25M	-	-
Total		1	$25M	-	-

Top M&A Advisors

Financial	Deals
Griffin Financial Group	1

Legal	Deals
Hogan Lovells	1

Deal Values

buy	#	Total
< $100M	1	$25M
TOTAL		$25M
Largest	Lake National Bank $25M (2015-12-30)

Company Summary

SECTOR

Financial Services

Revenue

220 17%	2022
189 19%	2021
160 16%	2020
139 14%	2019
123 12%	2018
110 14%	2017
97	2016
(millions of USD)	Show More Show Less

Employees

722

Established

1865

Public

NASDAQ: CCNE

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CNB Bank - M&A Summary and Business Overview

Financial ServicesCompany