 CLEARFIELD, Pa., June 03, 2021 GLOBE NEWSWIRE -- CNB Financial Corporation CNB or the Corporation NASDAQ: CCNE, the parent company of CNB Bank, announced today that it has completed a private placement of 85 million aggregate principal amount of its 3.25 fixed-to-floating rate subordinated notes due 2031 the Notes to certain qualified institutional investors, as defined in Rule 144A under the Securities Act of 1933, as amended the Securities Act, or institutional accredited investors, as defined in Rule 501 of Regulation D promulgated under the Securities Act. 