8-K

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)

August 14, 2007

CNB FINANCIAL CORPORATION

(Exact name of Registrant as specified in its Charter)

Pennsylvania	000-13396	25-1450605
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification Number)

1 South Second Street

PO Box 42

Clearfield, Pennsylvania 16830

(Address of principal executive offices)

Registrant’s telephone number, including area code: (814) 765-9621

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 (see General Instruction A.2. below):

¨ 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

The Board of Directors of CNB Financial Corporation (Nasdaq:CCNE) has announced the declaration of a 16 cents per share quarterly dividend payable on September 14, 2007 to shareholders of record on August 31, 2007. This represents an increase of 6.7% over the second quarter.

SIGNATURE

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, thereunto duly authorized.

	CNB Financial Corporation
Date: August 15, 2007	By:	/s/ Charles R. Guarino
		Charles R. Guarino
		Treasurer

Exhibit Index

Number	Description
Exhibit 99	News Release announcing second quarter dividend

EX-99

Exhibit 99

News Release

	Contact:	Charles R. Guarino, Treasurer
		(814) 765-9621

CNB FINANCIAL ANNOUNCES DIVIDEND INCREASE

CLEARFIELD, PENNSYLVANIA – August 14, 2007

The Board of Directors of CNB Financial Corporation [Nasdaq: CCNE] has announced the declaration of 16 cents per share quarterly dividend payable on September 14, 2007 to shareholders of record on August 31, 2007. This represents an increase of 6.7% over the second quarter.

Mr. William F. Falger, President and CEO, noted, “Our second quarter earnings were very good, driven by growing net interest income. In light of the positive earnings, we are pleased to be able to increase our dividends for our shareholders.”

CNB Financial Corporation is an $820 million bank holding company conducting business primarily through CNB Bank, the Corporation’s principal subsidiary. CNB Bank operations include a loan production office, a private banking division, and twenty-two full-service offices in Pennsylvania, including ERIEBANK, a division of CNB Bank.

For further information regarding the stock of CNB Financial Corporation, please call (814) 765-9621, CNB Bank Stock Transfer Department or contact any brokerage firm. The identifying symbol for this security is CCNE.

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