CNB FINANCIAL CORP/PA 8-K

What Happened

• CNB Financial Corporation announced on June 16, 2026 that it completed a partial redemption of $50,000,000 aggregate principal amount of its 3.25% Fixed-to-Floating Rate Subordinated Notes due June 15, 2031. The redemption occurred on June 15, 2026 at a price equal to 100% of principal plus accrued and unpaid interest up to, but excluding, June 15, 2026. After this redemption, $35,000,000 in principal remains outstanding and will continue to accrue interest under the notes’ terms.

Key Details

• Redeemed amount: $50,000,000 aggregate principal.
• Note terms: 3.25% fixed-to-floating rate, maturity June 15, 2031.
• Redemption date and price: June 15, 2026, at 100% of principal plus accrued interest (up to but excluding the redemption date).
• Remaining outstanding: $35,000,000 principal continues to accrue interest.

Why It Matters

• The company reduced its outstanding subordinated debt by $50M, lowering the principal amount subject to future interest payments.
• The filing confirms the partial redemption but does not provide additional details on uses of cash or effects on regulatory capital; investors should note the remaining $35M of subordinated notes remains on the balance sheet and will continue to carry interest.