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CNB Financial Corporation Recognized for Quality Performance among Peers

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CNB Financial Corporation (Nasdaq: CCNE) announced today it has been added to the Sandler O’Neill Sm-All Stars Class of 2014, which identifies 35 top performing small-cap banks and thrifts in the nation. Sandler O’Neill + Partners published the list based on the results of the twelve month time period ending June 30, 2014.

443 publicly traded banks and thrifts with a market cap below $2.5 billion were included in the evaluation to identify the 35 small-cap depository institutions that stand out. This analysis focused on growth, profitability, credit quality and capital strength.

“We are pleased to once again be included in this group of high performing institutions. It is a reflection of our continued positive growth and earnings performance,” said Joseph B. Bower, Jr., President & CEO of CNB Financial Corporation.

Companies were evaluated based on absolute performance in each of eight variables. To incorporate fundamental momentum in the evaluation, trends in EPS, loans, deposits, nonperforming assets to loans plus OREO ratio and the net charge-off ratio were included. Also, reserve to nonperforming assets ratio and Tier 1 risk-based capital ratio were measured as an indication of capital levels. To earn Sm-All Star status, the banks and thrifts needed to be at or above the peer median for the first seven above-mentioned metrics plus be considered “well-capitalized” per the Tier 1 risk-based capital ratio.

Sandler O’Neill + Partners, L.P. is a full-service investment banking firm and broker-dealer focused on the financial services sector. The firm provides a full suite of investment banking services, including merger and acquisition advisory, capital markets, fixed income and equity trading and sales, equity research, balance sheet management, mortgage finance, and consulting services to financial institutions and their investors. Sandler O’Neill was founded in 1988 and is headquartered in New York, New York with additional offices in Atlanta, Georgia; San Francisco, California; Chicago, Illinois; Boston, Massachusetts; and Memphis, Tennessee.

CNB Financial Corporation is a $2.2 billion bank holding company conducting business primarily through CNB Bank, the Corporation’s principal subsidiary. CNB Bank operations include a private banking division, a loan production office in Hollidaysburg, Pennsylvania, and twenty-eight full-service offices in Pennsylvania, including ERIEBANK, a division of CNB Bank. FCBank, a division of CNB Bank, operates nine full-service offices in central Ohio.

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