2 unchanged sentences
Based upon that evaluation, management, including the Principal Executive Officer and Principal Financial Officer, have concluded that, as of the end of such period, the Corporation’s disclosure controls and procedures are effective to provide reasonable assurance that all material information required to be disclosed in reports the Corporation files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms.
−Removed: There was no significant change in the Corporation’s internal control over financial reporting that occurred during the quarter ended December 31, 2019 that has materially affected, or that is reasonably likely to materially affect, our internal control over financial reporting
+Added: Effective January 1, 2020, the Corporation adopted the CECL accounting standard.
+Added: The Corporation designed new controls and modified existing controls as part of its adoption.
+Added: These additional controls over financial reporting included controls over model creation and design, model governance, assumptions, and expanded controls over loan level data.
+Added: There were no other changes to the Corporation's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Management’s Report on Internal Control Over Financial Reporting
11 unchanged sentences
The effectiveness of our internal control over financial reporting as of December 31, 2020 has been audited by Crowe LLP, an independent registered public accounting firm that audited the Corporation’s financial statements, as stated in their report which is located in Item 8 of this Annual Report on Form 10-K.
−Removed: President and Chief Executive Officer
−Removed: Treasurer and Principal Financial Officer
−Removed: March 5, 2020
+Added: President and Chief Executive Officer Treasurer and Principal Financial Officer
+Added: March 4, 2021 Date:
March 4, 2021
22 unchanged sentences
(a)(2) Financial statement schedules are not applicable or are included in the consolidated financial statements or related notes.
−Removed: (a)(3) The following exhibits (asterisk denotes management contract or compensatory plan) are filed as a part of this report:
+Added: (a)(3) The following exhibits are filed as a part of this report:
Agreement and Plan of Merger, dates as of December 18, 2019, by and among CNB Financial Corporation, CNB Bank and Bank of Akron (incorporated by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed on December 18, 2019)
1 unchanged sentence
Second Amended and Restated Bylaws of CNB Financial Corporation (incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K filed on April 18, 2019)
+Added: Statement with Respect to Shares of 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, effective as of August 25, 2020 (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on August 25, 2020)
Description of Registrant's Securities
+Added: Form of Certificate representing the 7.125% Series A Fixed-Rated Non-Cumulative Perpetual Preferred Stock (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on August 25, 2020)
+Added: Deposit Agreement, dated August 25, 2020, among CNB Financial Corporation, American Stock Transfer & Trust Company, LLC, and the holders from time to time of the depositary receipts described therein (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K filed on August 25, 2020)
+Added: Form of Depositary Receipt representing the Depositary Shares (included as Exhibit A to Exhibit 4.3 of the Registration Statement on Form 8-A filed on August 25, 2020)
CNB Financial Corporation 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on April 18, 2019)
1 unchanged sentence
(incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on October 25, 2019)
−Removed: Executive Employment Contract, dated February 16, 2011 by and between CNB Bank and Mark D.
−Removed: Breakey (incorporated by reference to Exhibit 10.4 to the Registrant's Current Report on From 8-K filed on March 9, 2012)
Executive Employment Contract, dated February 8, 2012, by and between CNB Bank and Richard l.
3 unchanged sentences
(incorporated by reference to Exhibit 10.7 to the Registrant's Current Report on Form 10-K filed on March 7, 2014)
+Added: Executive Employment Agreement, dated March 23, 2020, by and between CNB Financial Corporation, CNB Bank and Tito L.
+Added: Lima (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on March 24, 2020)
+Added: Executive Employment Agreement, dated February 3, 2021, by and between CNB Financial Corporation, CNB Bank and Martin T.
+Added: Griffith (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on February 5, 2021)
List of subsidiaries of CNB Financial Corporation, filed herewith
6 unchanged sentences
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Additional information mailed to stockholders with the Registrant's Definitive Proxy Statement for the 2020 Annual Meeting of Stockholders and Annual Report on Form 10-K for the year ended December 31, 2019
−Removed: XBRL Instance Document
−Removed: XBRL Taxonomy Extension Schema Document
−Removed: XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: XBRL Taxonomy Extension Definitions Linkbase Document
−Removed: XBRL Taxonomy Extension Presentation Label Linkbase Document
−Removed: XBRL Taxonomy Extension Presentation Linkbase Document
+Added: 101.INS XBRL Instance Document
+Added: 101.SCH XBRL Taxonomy Extension Schema Document
+Added: 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
+Added: 101.DEF XBRL Taxonomy Extension Definitions Linkbase Document
+Added: 101.LAB XBRL Taxonomy Extension Presentation Label Linkbase Document
+Added: 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
2 unchanged sentences
CNB FINANCIAL CORPORATION
−Removed: March 5, 2020
+Added: March 4, 2021 By:
/s/ Joseph B.
11 unchanged sentences
Secretary and Director
−Removed: /s/ Francis X.
+Added: Lima /s/ Francis X.
+Added: LIMA FRANCIS X.
STRAUB, III, Director
1 unchanged sentence
/s/ Robert W.
−Removed: MONTLER, Director
+Added: Montler /s/ Peter C.
+Added: MONTLER, Director PETER C.
VARISCHETTI, Director
−Removed: PETERSON, Director
+Added: Peterson /s/ Julie M.
+Added: PETERSON, Director JULIE M.
YOUNG, Director
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.