CNB Financial Corporation (Nasdaq: CCNE) (“CNB”), parent company of CNB Bank, and ESSA Bancorp, Inc. (Nasdaq: ESSA) (“ESSA”), parent company of ESSA Bank & Trust (“ESSA Bank”), jointly announced today that they have entered into a definitive agreement pursuant to which ESSA will merge with and into CNB, and ESSA Bank will merge with and into CNB Bank. The combined company is expected to have approximately $8 billion in total assets, $7 billion in total deposits, and $6 billion in total loans.

ESSA Bank & Trust is proud to support Slate Belt Rising, a program of Community Action Lehigh Valley. Slate Belt Rising (SBR) is a neighborhood revitalization initiative designed to integrate and capitalize on the substantial assets of the individual Slate Belt communities. By leveraging the unique history, architecture, and culture of each municipality into a regional approach, SBR will use a Neighborhood Partnership Plan to[...]

On May 1st, 2024, ESSA Bank & Trust held its fourth in-person event to gather with their community partners. ESSA representatives shared in their common goals and how they can achieve them together. Many conversations were held that allowed attendees to see the personal connections and ties to the community upon which the bank prides itself, including ESSA's unique loan programs. ESSA’s program for first[...]

The 'ESSA Super Bankers' bowling team partook in the Big Brothers Big Sisters Bowl for Kids’ Sake fundraiser on April 6th at Skylanes Bowling Alley in East Stroudsburg. This years theme was Be Their Hero, encouraging our community to support and defend a child's potential. Bowl for Kids’ Sake is Big Brothers Big Sisters’ signature fundraiser. Every year, half a million people across America come together[...]

ESSA Bank & Trust is pleased to announce that it has closed its 30th home mortgage loan utilizing its loan subsidy fund to help homeowners in majority Black and Hispanic census tracts within its covered lending area. The Bank launched the fund and its newly offered community first loan mortgage product in July 2023. The closings, with a total loan volume of $5,762,701 and subsidy[...]

On February 15th, 2024, ESSA Bank & Trust conducted an open house at their Allentown Business Center to introduce their unique mortgage products to the audience. Nearly 60 real estate professionals, community leaders and guests were in attendance, including State Senator Nick Miller and Allentown School Board Director Phoebe Harris. The ESSA team provided a detailed overview of their loan products, including their First Time[...]

ESSA Bank & Trust donated to the Pocono Mountains United Way ‘Be the Reason Campaign’. The focus of the campaign is to address community needs such as financial mobility, education, and health. Pocono Mountains United Way stresses that you can 'Be the Reason' that no family struggles to make ends meet, individuals work to improve financial stability, children are prepared to succeed in school and[...]

ESSA is honored to support local entrepreneurs! Supported by the West Philadelphia Collaborative Coalition and VestedIn Philadelphia, the 10-week workshop in November featured 10 talented and aspiring entrepreneurs at the "B-Smart Cohort 10 Pitch and Present," where they pitched their business ideas to community leaders as well as the general audience. ESSA's sponsorship supported Djuan D. Short, owner of Dahlia Rose Wellness Center. Djuan is[...]