CNB Financial Corporation completed its acquisition of ESSA Bancorp on 23 July 2025, bringing to a close an all-stock transaction valued at about $202.6 million at closing (about $214 million when announced on 10 January 2025). ESSA Bancorp is the Stroudsburg-based holding company for ESSA Bank & Trust.
The deal took approximately six months to close from announcement to completion. Both boards had approved the terms at the time of the January announcement, with shareholder votes and the necessary regulatory clearances completed ahead of the July closing date.
The acquisition extends CNB Financial's presence into north-eastern Pennsylvania and the Lehigh Valley, in a market-extension deal with no branch overlap.
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