05:10 PM EDT, 06/30/2025 (MT Newswires) -- CNB Financial ( CCNE ) and ESSA Bancorp ( ESSA ) said late Monday they have received all required regulatory approvals to complete their previously announced $214 million all-stock merger.

The Federal Deposit Insurance Corp. and the Pennsylvania Department of Banking and Securities approved the merger of ESSA Bank with and into CNB Bank, and CNB secured a waiver from the Federal Reserve Bank of Philadelphia for any application regarding the merger of ESSA with and into CNB, the companies said.

The deal is expected to close July 23, pending customary closing conditions, they added.