CNB Financial Corp. of Clearfield, Pa., said it plans to buy First National Bank of Spangler, Pa., for about $8.1 million of stock.

The deal is expected to close this year. First National shareholders are to get 237,500 CNB shares.

One-branch First National, with $32 million of assets, would be merged into CNB's subsidiary, County National Bank.

CNB's asset total would grow to $500 million, and the company would have 17 branches in six counties. The 16th, a former a First Western Bank office in Punxsutawney, opened last month.

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