CNB Financial, ESSA Bancorp receive bank regulatory approvals for merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2025
0mins
Merger Approval: CNB Financial and ESSA Bancorp have received regulatory approvals for their merger, allowing ESSA to merge with CNB and ESSA Bank & Trust to merge with CNB Bank.
Merger Timeline: The merger is set to close on July 23, following an agreement made on January 9, contingent upon customary closing conditions.
Analyst Views on CCNE
Wall Street analysts forecast CCNE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCNE is 29.00 USD with a low forecast of 29.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 27.000
Low
29.00
Averages
29.00
High
29.00
Current: 27.000
Low
29.00
Averages
29.00
High
29.00
About CCNE
CNB Financial Corporation is a financial holding company. The Company conducts business primarily through its principal subsidiary, CNB Bank (the Bank). The 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. The Bank’s operations include a private banking division, and 78 branches comprised of one loan production office, one drive-up office, one mobile office, and 75 full-service offices in Pennsylvania, Ohio, New York, and Virginia. Its divisions include ERIEBANK, based in Erie, Pennsylvania; FCBank, based in Worthington; BankOnBuffalo, based in Buffalo, New York; Ridge View Bank, based in Roanoke, Virginia; ESSA Bank, based in Stroudsburg, Pennsylvania, and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
