CNB FINANCIAL ANNOUNCES THIRD QUARTER DIVIDEND CLEARFIELD, PENNSYLVANIA – August 12, 2014

The Board of Directors of CNB Financial Corporation [Nasdaq: CCNE] has announced the declaration of 16.5 cents per share quarterly dividend payable on September 15, 2014 to shareholders of record on August 29, 2014.

CNB Financial Corporation is a $2.2 billion bank holding company conducting business primarily through CNB Bank, the Corporation's principal subsidiary. CNB Bank operations include a private banking division, a loan production office in Hollidaysburg, Pennsylvania and twenty-eight full-service offices in Pennsylvania, including ERIEBANK, a division of CNB Bank. FCBank, a division of CNB Bank, operates nine full-service offices in central Ohio.

For further information regarding the stock of CNB Financial Corporation, please call (814) 765-9621, CNB Bank Stock Transfer Department or contact any brokerage firm. The identifying symbol for this security is CCNE.

CNB Bank websites can be found at www.bankcnb.com, www.eriebank.net, and www.fcbankohio.com.