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CNB Financial Corporation Announces Proposed Public Offering Of $87M Of Common Stock

Author: Michael Horton | September 15, 2022 04:52pm

CNB Financial Corporation ("CNB") (NASDAQ:CCNE), the parent company of CNB Bank, announced today that it has commenced an underwritten public offering of $87 million of its common stock. In addition, CNB expects to grant the underwriters a 30-day option to purchase an aggregate of up to an additional 15% of the number of shares of common stock sold in the offering to cover over allotments. Any shares sold pursuant to such option would be purchased by the underwriters at the same price per share.

Posted In: CCNE


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