CCNEP

CNB Financial Corp. [CCNEP] represents preferred stock issued by CNB Financial Corp., a Pennsylvania-based financial holding company and parent of CNB Bank. This class of preferred equity provides holders with priority claims on dividends and assets relative to common stockholders. Preferred shares issued by banks and financial institutions are often attractive to income-focused investors due to their typically higher dividend yields compared to common stock and their senior position in the capital structure. Unlike common stock, these preferred shares generally do not carry voting rights except in specific circumstances such as dividend non-payment. Bank-issued preferred stock often qualifies as Tier 1 capital for regulatory purposes, making it an important component of the institution's capital structure for meeting banking regulations. The preferred shares provide CNB Financial with a cost-effective capital source while offering investors a fixed-income-like security with equity characteristics, balancing yield with moderate risk in the community banking sector.