Clearfield, Pennsylvania – Jeffrey S. Powell, Chairperson of the Board of Directors for CNB Bank and CNB Financial Corporation, is pleased to announce the appointment of three new members to the CNB Bank and CNB Financial Corporation Board of Directors, following the CNB Financial Corporation’s acquisition of ESSA Bancorp, Inc. The new members of the CNB Bank and CNB Financial Corporation Board of Directors include:
• Daniel J. Henning is the Owner of A.C. Henning Enterprises, Inc., a builder and developer of multi-family and commercial projects in the Pocono area. He is also a partner in AMD/Henning Leasing, a family-owned real estate holding partnership. Mr. Henning has previously served on several public authorities in Monroe County. Mr. Henning served as a director of ESSA Bancorp, Inc. since its founding in April 2007, and as a director of ESSA Bank & Trust since 1995. He was ESSA’s Board Vice-Chair at the time of the merger with CNB. Mr. Henning’s extensive experience as a real estate developer and local business owner, combined with his extensive board experience, makes him an asset to CNB’s Board of Directors as the organization continues to grow and serve its markets.
• Gary S. Olson serves as a Strategic Advisor to CNB Bank, providing guidance and expertise in a consultative capacity. Prior to this role, Mr. Olson served as President and Chief Executive Officer of ESSA Bank & Trust from 2000 until the merger with CNB in July 2025, having begun his career at ESSA in 1977. He also served as a director of ESSA Bancorp, Inc. since the holding company was founded in April 2007 and as a director of ESSA Bank & Trust since 2000. Mr. Olson’s extensive banking experience and deep knowledge of local markets enhance the breadth of experience on the CNB Board of Directors. He is a graduate of East Stroudsburg University.
• Robert C. Selig, Jr. is the Retired President of Selig Construction Company, a role he held since 1972. The Company specializes in landscape and nursery services. Mr. Selig is a graduate of West Side Area Vocational/Technical School. He previously served as a director of ESSA Bancorp, Inc. since its founding in April 2007 and as a director of ESSA Bank & Trust since 1990. He was ESSA’s Board Chairperson at the time of the merger with CNB. Mr. Selig’s experience as a local businessman focusing on real estate matters is of great value to the Board of Directors.
Mr. Powell stated, “The collective expertise in business, banking, and community leadership of Gary, Bob, and Dan will provide valuable perspective to ensure CNB Bank remains a trusted financial partner for individuals and businesses across its markets, with additional insights on the significant banking profile CNB now has in the ESSA markets. The appointment of these three highly respected leaders reflects our continued commitment to having strong business professionals and community-focused voices guiding the direction of our Corporation and Bank. Their insight and proven leadership will provide tremendous value as we advance CNB’s mission.”
“We are thrilled to welcome Bob, Dan, and Gary to the CNB Bank Board of Directors,” said Michael Peduzzi, President and Chief Executive Officer of CNB Bank. “We have had such a favorable experience working with ESSA’s Board and Management leadership through the merger process. They reflect a wonderful collective alignment with our institutions’ strategic goals and Golden Rule based cultural approach to banking. Each of these leaders brings a unique set of skills and experiences that strengthen our governance and ensure that CNB Financial Corporation and CNB Bank remain well-positioned to serve and promote exceptional experiences for our clients, shareholders, and communities for years to come.”