CNB in Pennsylvania Files to Raise $75 Million

By Sarah Todd January 03, 2014, 1:30 p.m. EST 1 Min Read

M&A

Pennsylvania Bank Makes Case for Selective M&A

CNB is an infrequent buyer but agreed to acquire a smaller bank near Columbus, Ohio, as a way to enter a market without abandoning its preference for organic growth.

By Robert Barba

March 27
M&A

CNB in Pennsylvania to Buy FC Banc in Ohio for $40 Million

CNB Financial (CCNE) in Clearfield, Pa., has agreed to acquire FC Banc (FCBZ) in Bucyrus, Ohio, for about $40 million, or $30 a share in cash and stock.

By Paul Davis

March 27
Community banking

CNB Bank in Pennsylvania Appoints COO

The $1.8 billion-asset subsidiary of CNB Financial Corp. (CCNE) said Friday it has appointed Richard Greslick chief operating officer.

By Brian Browdie

December 28

CNB Financial (CCNE) in Clearfield, Pa., plans to sell up to $75 million in preferred and common stock.

The $1.8 billion-asset company said in a regulatory filing that it would use proceeds from the sale for general corporate purposes, including future acquisitions, repaying debt and increasing capital. The company has not determined the number of shares it will sell.

CNB bought FC Banc (FCBZ) in Bucyrus, Ohio, in October. It paid about $40 million in cash and stock for the $357 million-asset company.

Sarah Todd

Deputy Editor, BankThink

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