Central National Bank Opens Branch in Halfmoon.

Business Editors

CANAJOHARIE, N.Y.--(BUSINESS WIRE)--Feb. 28, 2000

Central National Bank, headquartered in Canajoharie, New York opened its second full-service branch in the Southern Saratoga County Town of Halfmoon on February 28, 2000. The opening of the Halfmoon Branch is consistent with the company's strategic plan of expanding into markets that complement the existing franchise. The Halfmoon Branch is the ninth branch opened in the last year.

The Halfmoon Branch is located at the intersection of Route 9 and Guideboard Road. The new full-service location provides comprehensive banking services for personal and business customers as well as investment management (Central Asset Management, a subsidiary of CNB Financial Corp.,) insurance and fiduciary activities.

Donald L. Brass, President and CEO of Central National Bank noted: "as a community bank we chose the Halfmoon market to complement our existing Clifton Park Branch and serve our ever expanding customer base. Given the very favorable demographic and economic trends, in this market area, we look forward to becoming a business partner with the Halfmoon Community. From commercial and industrial development to residential growth, this area provides our Bank with a core foundation to expand our consumer and business banking presence. Our approach to providing quality financial services is aimed at building long-term relationships between our client base and our team of business banking professionals who have local decision making authority and control. We look forward with great anticipation to our continued growth in the Saratoga County market."

Central National Bank is a wholly owned subsidiary of CNB Financial Corp. which is headquartered in Canajoharie, NY. Central National Bank provides a broad range of deposit and loan products to area consumers, businesses and government entities. The Bank operates 31 banking offices throughout nine counties in the Mohawk, Leatherstocking and Central Regions of New York. CNB Financial Corp. is traded on the NASDAQ Stock Exchange under the symbol CNBF. www.canajocnb.co.