CNB Financial Corp. Increases Dividend Payout.

CANAJOHARIE, N.Y.--(BUSINESS WIRE)--Nov. 13 1998--CNB Financial Corp. announced its fourth quarter dividends. Directors of Central National Bank's parent company declared a regular fourth quarter dividend of $0.075 per share, and an additional special dividend of $0.04 per share.

Shareholders of record on November 30, 1998 will receive total cash dividends of $0.115 per share payable on December 10. This will bring the annual dividend rate to $0.33 per share, an 11.9 percent increase over 1997. All per share amounts have been adjusted for the 2-for-1 stock split distributed on June 30, 1998.

CNB Financial Corp. is the holding company for Central National Bank, Canajoharie, and Central Asset Management, Inc. The company has assets of $723 million and 7.5 million outstanding shares.