Exhibit 99

Quarterly Shareholder Brochure of CNB Corporation

July 10, 2008

Dear Shareholder,

We are pleased to advise you that Vincent Hillesheim was reelected Chairman of the Board of CNB Corporation and Citizens National Bank at the organizational meeting held May 20, 2008.

The local and state economic conditions have had a negative effect on many of our customers but, as previously reported, we continue to take an aggressive approach to identify and work through problem credits. Financial performance for the second quarter ended June 30, 2008 resulted in net income of $929,000, and basic earnings per share were $0.77, both down from the same period last year; net income by 35.1% and basic earnings per share down from $1.15.

The decline in 2008 is due in part to the increased provision for loan losses to $731,000 for the six months ended June 30, 2008, compared to $138,000 for the same period in 2007. Loan losses for the six months ended June 30, 2008 were $774,000 compared to $43,000 for the same period in 2007. In response, our primary focus during the second quarter was loan losses and the ongoing expenses of working through credits with insufficient collateral or customers who are unable to meet their obligations. Efforts continue to identify and take appropriate action in resolving problems as promptly as possible.

In consideration of the net income decline, at its June meeting the board of directors declared a dividend of $.30 per share, payable July 10 to shareholders of record on June 26, 2008. This is a reduction from the $0.42 per share dividend paid in the previous quarter.

Deposits as of June 30, 2008 decreased 0.76% to $228.8 million, compared with $230.6 million for the same time last year. Assets at the end of the first six months were $257.9 million, compared with $261.2 million last year, a decrease of 1.26%. The loan portfolio declined from $174.3 million to $169.8 million and interest income from the loan portfolio decreased $346,000 over the same period last year; however, due to the declining rate environment interest paid on deposits also decreased by $430,000, helping to offset the interest income loss.

We are optimistic about the future of the economy and although income for 2008 will be down from past years, we believe once we are through these difficult times our profitability will return to a level consistent with our past performance.

Sincerely,

Susan A. Eno, President & CEO

CNB Corporation
Consolidated Balance Sheets
(UNAUDITED)

in thousands of dollars

	June 30,
	2008			2007
ASSETS
Cash and due from banks	$	7,632		$	6,548
Interest-bearing deposits with other financial institutions		5,078			1,246
Federal funds sold		8,799			7,328
Total cash and cash equivalents		21,509			15,122
Securities available for sale		41,557			51,813
Securities held to maturity (market value of $9,947 in 2008 and $5,472 in 2007)		9,792			5,431
Other securities		1,008			1,008
Total investment securities		52,357			58,252
Loans		169,838			174,250
Less allowance for loan losses		(1,642	)		(1,606	)
Loans, Net		168,196			172,644
Premises and equipment, net		6,198			6,483
Other assets		9,609			8,656
Total assets	$	257,869		$	261,157
LIABILITIES
Deposits
Noninterest-bearing demand	$	39,223		$	41,643
Interest-bearing deposits		189,585			188,907
Total deposits		228,808			230,550
Other liabilities		4,985			5,179
Total liabilities		233,793			235,729
SHAREHOLDERS’ EQUITY
Common Stock		3,034			3,099
Surplus		19,509			20,482
Retained Earnings and Accumulated other Comprehensive Income/(Loss)
		1,533			1,847
Total shareholders’ equity		24,076			25,428
Total liabilities and shareholders’ equity	$	257,869		$	261,157

Consolidated Statement of Income
(Unaudited)

in thousands of dollars
Six months ended June 30,

	2008		2007		2006
INTEREST INCOME
Interest and fees on loans	$	6,040	$	6,386	$	5,829
Interest on securities:
Taxable		927		932		909
Tax exempt		280		238		237
Other interest income		220		450		160
Total interest income		7,467		8,006		7,135
INTEREST EXPENSE ON DEPOSITS		2,556		2,986		2,126
NET INTEREST INCOME		4,911		5,020		5,009
Provision for loan losses		731		138		60
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		4,180		4,882		4,949
NONINTEREST INCOME
Service charges and fees		491		572		469
Net realized gains from sale of loans		83		63		82
Loan servicing fees, net of amortization		60		67		59
Gain on sale of premises and equipment		7		0		509
Gain on life Insurance		0		39		0
Other income		205		97		92
Total noninterest income		846		838		1,211
NONINTEREST EXPENSES
Salaries and benefits		2,198		2,129		2,163
Occupancy		551		586		537
Supplies		89		113		111
Other expenses		1,043		900		976
Total noninterest expenses		3,881		3,728		3,787
INCOME BEFORE INCOME TAXES		1,145		1,992		2,373
Income tax expense		216		561		683
NET INCOME	$	929	$	1,431	$	1,690
BASIC NET INCOME PER SHARE	$	0.77	$	1.15	$	1.37