Exhibit 99

News Release

CCNE	Contact: Charles R. Guarino
NASDAQ	Treasurer
L I S T E D	(814) 765-9621
	FOR IMMEDIATE RELEASE

CNB FINANCIAL CORPORATION REPORTS SECOND QUARTER EARNINGS FOR 2007

Clearfield, Pennsylvania – July, 2007

CNB Financial Corporation, the parent company of CNB Bank, today announced reported earnings of $2.4 million or $0.27 diluted earnings per share for the quarter ended June 30, 2007, compared to $2.3 million or $0.26 diluted earnings per share for the same quarter of 2006.

William F. Falger, President and Chief Executive Officer, commented, “We are pleased with our second quarter performance which yielded earning asset growth of 5.0% and an increase of 4.4% in net interest income year to date. In addition, our net interest margin remains strong at 4.19% despite the continuing difficult interest rate environment. These positives have helped offset increased operating expenses associated with our ongoing expansion activities in our ERIEBANK and Holiday Financial Services businesses.”

Financial Highlights (in thousands)		(Unaudited)			(Unaudited)
Consolidated Balance Sheets		30-Jun-07	31-Dec-06		30-Jun-06
	Consolidated		Consolidated		Consolidated
Assets
Cash and due from banks	$	17,316	$ 18,530	$	16,341
Interest-bearing deposits		7,913	7,021		17,951
CASH & CASH EQUIVALENTS		25,229	25,551		34,292
Securities available for sale		166,484	156,696		161,304
Loans held for sale		2,767	2,420		2,603
NET LOANS		565,393	540,934		525,830
FHLB stock & other equity interests		5,195	5,321		5,206
Premises & equipment, net		16,870	16,237		14,565
Bank owned life insurance		14,823	14,484		14,135
Intangible, net		11,156	11,206		11,414
Accrued interest & other assets		8,699	8,001		7,608
TOTAL ASSETS	$	816,616	$ 780,850	$	776,957
Liabilities
Deposits
Non-interest bearing deposits	$	89,386	$ 82,574	$	79,382
Interest bearing deposits		558,571	548,748		543,677
TOTAL DEPOSITS		647,957	631,322		623,059
Short-term borrowings		11,145	2,000		854
Other borrowings		63,000	57,885		67,000
Subordinated debentures		20,620	10,310		10,310
Accrued expenses and other liab.		5,462	7,054		5,646
TOTAL LIABILITIES		748,184	708,571		706,869
Shareholders' Equity
Common stock		-	-		-
Additional paid-in		13,058	13,250		13,269
Retained earnings		64,601	62,957		60,689
Treasury stock, at cost (676,619 shares for June 2007,
369,546 shares for Dec 2006, and
275,725 shares for June 2006)		(9,944)	(5,271)		(3,987)
Accumulated other comprehensive income		717	1,343		117
TOTAL SHAREHOLDERS' EQUITY		68,432	72,279		70,088
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$	816,616	780,850	$	776,957
Nonperforming Assets	$	1,763	1,928	$	2,064
% of Total Assets		0.22%	0.25%		0.27%
Trust Assets	$	230,307	206,899	$	194,454

Consolidated Income Statement	For Quarter Ended				Year To Date
	30-Jun-07	30-Jun-06		30-Jun-07	30-Jun-06
Interest Income
Loans including fees	$ 11,024	$	10,110	$ 21,430	$	19,544
Deposits with banks	125		107	227		209
Federal funds sold	83		62	198		218
Securities	2,121		2,016	4,110		3,832
TOTAL INTEREST AND DIVIDENDS	13,353		12,295	25,965		23,803
Interest Expense
Deposits	4,648		4,177	9,317		7,960
Federal Home Loan Bank advances	761		729	1,434		1,432
Subordinated debentures	383		213	603		413
TOTAL INTEREST EXPENSE	5,792		5,119	11,354		9,805
NET INTEREST INCOME	7,561		7,176	14,611		13,998
Provision for loan losses	442		390	568		755
NET INTEREST AFTER PROVISION	7,119		6,786	14,043		13,243
Other Income
Trust income	277		249	538		504
Service charges on deposits	1,034		1,038	1,969		1,994
Other charges and fees	218		141	400		290
Net security gains (losses)	22		-	35		341
Mortgage banking income	33		43	38		97
BOLI earnings	208		170	339		338
Wealth management	155		159	307		273
Other	194		133	430		259
TOTAL OTHER INCOME	2,141		1,933	4,056		4,096
Non-Interest Expenses
Salaries & benefits	2,965		2,675	6,143		5,343
Occupancy, net	777		664	1,613		1,402
Data processing	570		541	1,122		1,037
Amortization of intangible	25		104	50		207
Director's fees	64		123	153		218
Total other expenses	1,619		1,408	3,198		2,750
Total non-interest expenses	6,020		5,515	12,279		10,957
NET INCOME BEFORE TAXES	3,240		3,204	5,820		6,382
Federal income tax	858		869	1,517		1,616
NET INCOME	$ 2,382	$	2,335	$ 4,303	$	4,766
Earnings Per Share, Fully diluted	$ 0.27	$	0.26	$ 0.49	$	0.53
Dividends Per Share	$ 0.15	$	0.14	$ 0.30	$	0.28
Return on Average Assets (ROA)	1.20%		1.22%	1.10%		1.26%
Return on Average Equity (ROE)	12.92%		13.17%	11.95%		13.66%

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic competitive conditions; and other risks and uncertainties.

CNB Bank’s websites can be found at www.bankcnb.com and www.eriebank.net. The Holiday Financial Services website is www.holidayfinancialservices.com.