 CLEARFIELD, Pa., Oct. 18, 2021 GLOBE NEWSWIRE -- CNB Financial Corporation CNB NASDAQ: CCNE, the parent company of CNB Bank, announced today that, on October 15, 2021, the Corporation completed its redemption of 50,000,000 aggregate principal amount of its 5.75 Fixed-to-Floating Rate Subordinated Notes due October 15, 2026 CUSIP 126128 AA5 the Subordinated Notes, representing all of the outstanding Subordinated Notes. The Subordinated Notes were redeemed pursuant to their terms at a price equal to 100 of the principal amount, plus accrued and unpaid interest up to, but excluding, October 15, 2021. The total aggregate redemption price was 50,718,750, which amount included an accrued interest payment of 718,750. The Corporation financed the redemption with cash on hand, including the net proceeds from the issuance and sale of 85,000,000 aggregate principal amount of the Corporations 3.25 Fixed-to-Floating Rate Subordinated Notes due 2031. 