-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CdIfuHca9h6/K25cXjdTklEku4sNBqPFkAEJiY8DXo8igF99rP44e8gfx3rqZ0xW Etpxn9Aids4zeU3GLvb5ew== 0001181431-08-068990.txt : 20081223 0001181431-08-068990.hdr.sgml : 20081223 20081223140530 ACCESSION NUMBER: 0001181431-08-068990 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081219 ITEM INFORMATION: Other Events FILED AS OF DATE: 20081223 DATE AS OF CHANGE: 20081223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNB FINANCIAL CORP/PA CENTRAL INDEX KEY: 0000736772 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 251450605 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13396 FILM NUMBER: 081266743 BUSINESS ADDRESS: STREET 1: 1 SOUTH SECOND STREET STREET 2: P.O. BOX 42 CITY: CLEARFIELD STATE: PA ZIP: 16830 BUSINESS PHONE: 8147659621 MAIL ADDRESS: STREET 1: 1 SOUTH SECOND STREET STREET 2: P.O. BOX 42 CITY: CLEARFIELD STATE: PA ZIP: 16830 8-K 1 rrd227555.htm Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  12/19/2008
 
CNB Financial Corporation
(Exact name of registrant as specified in its charter)
 
Commission File Number:  000-13396
 
Pennsylvania
  
25-1450605
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
1 South Second Street
PO Box 42
Clearfield, Pennsylvania 16830
(Address of principal executive offices, including zip code)
 
814-765-9621
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 8.01.    Other Events
 
CNB Financial Corporation [Nasdaq: CCNE] announced today that it received preliminary approval effective December 11, 2008 from the U.S. Department of Treasury to participate in its Capital Purchase Program (CPP).
Subject to final regulatory approval, and upon completion of the transaction, CNB Financial Corporation will receive $21.4 million from the Department of Treasury.
 

 

Signature(s)
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
      
 
CNB Financial Corporation
 
 
Date: December 23, 2008
     
By:
 
/s/    Charles R. Guarino
               
Charles R. Guarino
               
Treasurer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.
  
News Release announcing Capital Purchase Program
EX-99. 2 rrd227555_26910.htm NEWS RELEASE ANNOUNCING CAPITAL PURCHASE PROGRAM DC5860.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing

Exhibit 99

News Release

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

CNB FINANCIAL TO PARTICIPATE IN CAPITAL PURCHASE PROGRAM CLEARFIELD, PENNSYLVANIA – December 19, 2008

CNB Financial Corporation [Nasdaq: CCNE] announced today that it received preliminary approval effective December 11, 2008 from the U.S. Department of Treasury to participate in its Capital Purchase Program (CPP).

Subject to final regulatory approval, and upon completion of the transaction, CNB Financial will receive $21.4 million from the Department of the Treasury in exchange for the issuance of $21.4 million in shares of senior preferred stock and warrants to purchase 270,202 shares of common stock (based on a purchase price of $11.88 per share).

“CNB Financial has a long history of financial strength and has consistently maintained its status as a well-capitalized institution under regulatory guidelines. However, notwithstanding the current economic turmoil, we are experiencing significant growth in both loans and deposits and this additional capital will allow us to continue to grow by meeting the financial needs of the businesses and individuals we serve and help stimulate economic activity in our region,” said William F. Falger, President and CEO of CNB Financial Corporation.

CNB Financial Corporation is a $1 billion bank holding company conducting business primarily through CNB Bank, the Corporation's principal subsidiary. CNB Bank operations include two loan production offices, a private banking division, and twenty-four full-service offices in Pennsylvania, including ERIEBANK, a division of CNB Bank.

CNB Bank websites can be found at www.bankcnb.com and www.eriebank.net.

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.

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