<SEC-DOCUMENT>0001193125-13-312137.txt : 20131001
<SEC-HEADER>0001193125-13-312137.hdr.sgml : 20131001
<ACCEPTANCE-DATETIME>20130731132713
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-13-312137
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20130731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CNB FINANCIAL CORP/PA
		CENTRAL INDEX KEY:			0000736772
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				251450605
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1 SOUTH SECOND STREET
		STREET 2:		P.O. BOX 42
		CITY:			CLEARFIELD
		STATE:			PA
		ZIP:			16830
		BUSINESS PHONE:		8147659621

	MAIL ADDRESS:	
		STREET 1:		1 SOUTH SECOND STREET
		STREET 2:		P.O. BOX 42
		CITY:			CLEARFIELD
		STATE:			PA
		ZIP:			16830
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>Correspondence</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em">


<IMG SRC="g548363corresp_logo.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Hogan Lovells US LLP</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Columbia Square</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">555 Thirteenth Street,
NW</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Washington, DC 20004</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">T +1 202 637
5600</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">F +1 202 637 5910</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">www.hoganlovells.com</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><I>VIA EDGAR AND COURIER </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Kathryn McHale, Esq. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Staff Attorney </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">United States Securities
and Exchange Commission </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Division of Corporation Finance </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">100 F Street, N.E. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Washington, D.C. 20549-7010 </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Re:</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CNB Financial Corporation </B></FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Amendment No.&nbsp;1 to Registration Statement on Form S-4 </B></FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Filed July&nbsp;17, 2013 </B></FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>File No.&nbsp;333-189177 </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dear
Ms.&nbsp;McHale: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">On behalf of CNB Financial Corporation (&#147;CNB&#148; or the &#147;Company&#148;), this letter responds to
the Staff&#146;s comment letter dated July&nbsp;26, 2013 (the &#147;Comment Letter&#148;), with respect to the above-referenced filings. For ease of reference, each of the Staff&#146;s comments is set forth in italic type immediately before the
corresponding response submitted on behalf of the Company, and the numbering below corresponds to the numbering in the Comment Letter. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Registration Statement on Form S-4 </U></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>General </U></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>1.</I></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>We note your response to comment 1 in our letter dated July&nbsp;3, 2013. Please confirm that FC projections were not provided to the financial advisors or agents of
CNB. </I></FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Response </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Company respectfully acknowledges the Staff&#146;s comment and, while FC did provide a pre-existing budget for the year ended December&nbsp;31, 2013 to CNB as part of the customary merger due
diligence process, the Company hereby confirms that the financial projections in respect of FC&#146;s results of operations for the year ended December&nbsp;31, 2013 included in the board book prepared for CNB by Griffin Financial Group, LLC were
not developed based on the information or projections included in such budget and were instead derived solely from publicly-available information about FC. </FONT></P>
<P STYLE="font-size:48px;margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Hogan Lovells US LLP is a limited liability partnership registered in the District of Columbia. &#147;Hogan Lovells&#148; is an international legal practice that includes Hogan Lovells US LLP and Hogan
Lovells International LLP, with offices in: Abu Dhabi Alicante Amsterdam Baltimore Beijing Berlin Brussels Caracas Colorado Springs Denver Dubai Dusseldorf Frankfurt Hamburg Hanoi Ho Chi Minh City Hong Kong Houston London Los Angeles Madrid Miami
Milan Moscow Munich New York Northern Virginia Paris Philadelphia Prague Rome San Francisco Shanghai Silicon Valley Singapore Tokyo Ulaanbaatar Warsaw Washington DC Associated offices: Budapest Jakarta Jeddah Riyadh Zagreb. For more information see
www.hoganlovells.com </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Securities and Exchange Commission</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"> -
 2
 -</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD></TR></TABLE> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>The Merger </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>Interests of FC&#146;s Directors and Executive Officers in the Merger, page 68 </U></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>2.</I></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Please revise your disclosure to include the appointment of Mr.&nbsp;Hord to the Board of CNB in this section. </I></FONT></TD></TR></TABLE>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Response </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company respectfully
acknowledges the Staff&#146;s comment and has revised the disclosure as follows to address the comment: </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Interests of FC&#146;s Directors
and Executive Officers in the Merger </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Certain directors and executive officers of FC have interests in the merger as
individuals in addition to, or different from, their interests as shareholders of FC, including, but not limited to, (i)&nbsp;in the case of certain officers and directors of FC, agreements with FC Bank that provide for payments and benefits in
addition to the merger consideration, (ii)&nbsp;the continuation of indemnification and insurance coverage (for officers and directors) provided by CNB for a limited time after the merger <U>and (iii)&nbsp;in the case of Mr.&nbsp;Hord,
Mr.&nbsp;Hord&#146;s appointment, immediately following the effective time of the merger, to the CNB and CNB Bank boards of directors</U>. The FC board of directors was aware of these interests and considered them, among other matters, when it
approved the merger agreement. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Board Appointments for FC&#146;s Existing Directors, page 70 </U></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>3.</I></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>We note that your revised disclosure does not appear to include the information required by Item&nbsp;402(k) of Regulation S-K, as required by Item&nbsp;18(a)(7) of
Form S-4. Please revise this section to include such compensation data. </I></FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Response </U></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company respectfully acknowledges the Staff&#146;s comment and has revised the section as follows: </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Compensation of Mr.&nbsp;Hord as Chairman of FC and FC Bank </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Members of the FC board of directors are paid an annual fee of $875 and members of the FC Bank board of directors are paid an annual fee
of $17,000, except that the Chairman of the FC Bank board of directors is paid an annual fee of $34,000. Members of the FC board of directors are eligible to receive a cash bonus for their board service at the sole discretion of the directors.
Members of the FC Bank board of directors are also eligible to receive grants of restricted shares of FC common stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In
addition to the foregoing benefits, FC Bank pays premiums with respect to health insurance coverage for the Chairman of the FC and FC Bank boards of directors, Robert D. Hord. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:20pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Name</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fees&nbsp;Earned<BR>or Paid
in<BR>Cash</B></FONT><br><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>($)(1)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Stock<BR>Awards<BR>($)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Change in Pension<BR>Value and Nonqualified<BR>Deferred&nbsp;Compensation<BR>Earnings</B></FONT><br><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>($)(2)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>All Other<BR>Compensation<BR>($)(3)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Total<BR>($)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Robert D. Hord</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">34,875</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">10,315</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">5,543</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">50,733</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Securities and Exchange Commission</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"> -
 3
 -</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 31, 2013</FONT></TD></TR></TABLE> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">FC paid Mr.&nbsp;Hord $34,000 and $875 for his service on the FC Bank board of directors and FC board of directors, respectively, during the year ended
December&nbsp;31, 2012. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Represents an increase in actuarial value under the director retirement agreement to which Mr.&nbsp;Hord is a party. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Hord received a cash bonus for his service on the FC board of directors during the year ended December&nbsp;31, 2012 of $3,000. The remainder of $2,543
represents premiums paid by FC Bank with respect to health insurance coverage during 2012. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;* </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In connection with responding to the Staff&#146;s comments, the Company hereby acknowledges that: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">should the Commission or the Staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from
taking any action with respect to the filing; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the action of the Commission or the Staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from
its full responsibility for the adequacy and accuracy of the disclosure in the filing; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Company may not assert Staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person
under the federal securities laws of the United States. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If the Staff should have any questions, or would
like further information, concerning any of the responses above, please do not hesitate to contact the undersigned at (202)&nbsp;637-5524 or Richard A. Schaberg at (202)&nbsp;637-5671. We thank you in advance for your attention to the above.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:54%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sincerely, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:54%; text-indent:-2%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">/s/ Gregory F. Parisi </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:54%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Gregory F. Parisi </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">cc:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joseph B. Bower, Jr., CNB Financial Corporation </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richard A Schaberg, Hogan Lovells US LLP </FONT></TD></TR></TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g548363corresp_logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g548363corresp_logo.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`7P!?`P$1``(1`0,1`?_$`,,``0`!!`(#````````
M```````'!08("0(*`0,$`0$``00#`0$`````````````!00&!P@!`@,)"A``
M``8"`0$#!PH%`@<``````@,$!08'`0@`$1(3"2$QTQ2V-U<BE-0U=1=WE[<8
M05$R%19A0I%2(S,E.'@1``$#`@,$`@H1`00+`0````$"`P0`!1$&!R$Q$@A!
M$U%A<2)3DW055AB1T3*RXB,SL],4M#4VEK9W.('PH4)2L<'A<L)C)%46-PEV
M_]H`#`,!``(1`Q$`/P#M';`7/:T;N.=,;#/9"TM#<XH2D+<C4E`3)2S&5L4#
M`4#)(LX"(XX0L^7/E%GGYZ><#F;U]R/S(YIRKE+-=W@9=ARV$LQVG>%MM*H<
M=PA(PV`K6I7=)K(-GMD!^VM.NM(4X0<21M/?&H=_<'=OQ-E7SPGZ/S6OUQN:
M#TVOOC_@U)>9[9X!OV*?N#NWXFRKYX3]'X]<;F@]-K[X_P"#3S/;/`-^Q3]P
M=V_$V5?/"?H_'KC<T'IM??'_``:>9[9X!OV*?N#NWXFRKYX3]'X]<;F@]-K[
MX_X-/,]L\`W[%/W!W;\395\\)^C\>N-S0>FU]\?\&GF>V>`;]BG[@[M^)LJ^
M>$_1^/7&YH/3:^^/^#3S/;/`-^Q3]P=V_$V5?/"?H_'KC<T'IM??'_!IYGMG
M@&_8I^X.[?B;*OGA/T?CUQN:#TVOOC_@T\SVSP#?L4_<'=OQ-E7SPGZ/QZXW
M-!Z;7WQ_P:>9[9X!OV*?N#NWXFRKYX3]'X]<;F@]-K[X_P"#3S/;/`-^Q4D5
M?=UN.[Q)2'.P9&M)25I9KJF+/5%""2Y-,*>%[:L!C!&.AZ):0`TO/\!AQS-N
MA'--S#9CS#?(U\S=>9,>-DG,LMM*W00B1$LDV1&='>[%LO-H=0>A:0>U5%.M
M=O;;04,H!+S0W=!6D$?U&RK,V<]_%C?:C=[/M',8\]?\L<Y>6Q_L,6JFQ?=+
M/</OC4$<U*J6IQ2G%*<4IQ2G%*<4IQ2G%*<4J6*>^OI;^$EO?I^^\V&Y;OQ1
MF/\`;W-OZ>N%1]Q^2;\H9^<35?V<]_%C?:C=[/M'+OYZ_P"6.<O+8_V&+7C8
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MDM[]/WWFPW+=^*,Q_M[FW]/7"H^X_)-^4,_.)JO[.>_BQOM1N]GVCEW\]?\`
M+'.7EL?[#%KQL7W2SW#[XUH5\0S;W9S5.Y]28=6;Q3+A$-L+H;:@3)9E6,F=
MGZO,B4PQM72(QY:[,94<KR>IDYAQ27U-!@H!02\F#ZY'C(?*QHEHEK+I[FJ\
MYQA7Q.8,HVI<YU<>>VVS,24R'$-(:5&46"E+(05%;G$258#8*I+M/GPGVTL*
M1U3JN$`IQ*=P[.W'&LK]M9_>]!ZCV5<$5E]9.EETE7<JL&4J7VLGPZ'S\$6:
M5RT;.S1Q'8R5SA.7$\)7108XNO<A`/'=C[>,APQH=EK274S76%DB\6R[M9/O
MTYN-$0W.0)$-3B@`X\\8W#)"0%=ZEMK$D''O3C7SW9D2`J0A:"ZVDE7>[#VA
MMV=W;5L>')>5T;2:MUOL9<#E7HE=N,Y[RQQ&O82\Q@B)!:Y+(8ZM2+W5WFDK
M-DPW'+44<4,)*'N.H@9"9UP+%9S9:>Z;Z1ZL3-,-/8MS;\T*2F1(ERD2/K!>
M9:>;+:$,M=2&PM258E?'L/>X;>EHD2I<429)2>/<$I(PPV;=IQ_NK/`1)H<"
M$(L>`@'W8\Y#GH`?_(//^T?^F?+S612%HP*TJ2#NQ!&/<QWU*UQ"6,01#"'.
M0`Z=L6,?)!VL]`]H7F#VL^;KY^<)2I:N!`*E=@`D_P!U.C'H%<AD'%_]PHP'
M7.,8[8!!ZYSYL8ZXQUSGG&.&./1OH=F^O.2#@]YU*,QDKIDW&0YQDK&?-DS'
M3J#&>O\`'ISL4+2D*4E02=Q((![AIVND5Y"E4B!DT)!PBL8SG)@2QB+Q@/\`
M5G(\8R''9_CY?)SC`X8[<*;QC7$1!P`B$(H80A[/:R(.<=GM>4':Z_T]O'FZ
M^?\`ASDH6`%$$).XD$`]P[C_`$I7JYUI4L4]]?2W\)+>_3]]YL-RW?BC,?[>
MYM_3UPJ/N/R3?E#/SB:K^SGOXL;[4;O9]HY=_/7_`"QSEY;'^PQ:\;%]TL]P
M^^-=8'QORGPZZO":)C"QI;I(;N!@MA<'Y`K=61$\#>:I"VJG=K0+VM<XMI"O
M(!'D$J4YII>,A"8#.<"QL;_\[U6Y&1-6UWA#SEI&5TEY+2DH=4T&IO6);6H*
M2E93B$J*5`'`D&HK,?%UT7A]UUAP]E-9/>()']T$^D>WQ\PMC6)UBQ-"6<.1
MMT;HZSF5_7LX6-5E>E979RNMY0-;D>3UP2>>D4EEBSU$6/'DYC/EBN?+J]S`
M90:RS9LVL7Y5ZC]0Y(N4-UE"\3@76T0D+6@=*4K23V159=47(6YXNK9+7`<0
M$J!P[1*JU.F[&693O@T>&#4E4RIZ@#YMA:.*7DM@1E0:WRF,5^ILV28DY<5=
MR<=ZS/CWEW3D85%9P>6FP=@L01"[0=Q&-+LK9TYX-4L^9NB1[C"RA9VIT>*^
M`MEV9]2;+*GFSL<;:#:E!)[WK"@J!`PJ',EQFR16&BI)>64DC?P\6W#M[16:
MGB9L,7\,6)ZU[/ZHH'2N':*[`Q2JK0C2.42QV8KSJ^2,SVI>6JS6M]?')+*)
M-@4<[U,\'`RXD*%(S`F=>SV<$<J69;MS;7C-NDNLQC7.W2[$_/@NF.PV[:Y;
M;J$(5"6VVA3+0ZU(+(4&RE`!!!5C(75M%H#,N%BE06$JVGOQAMXMNTGLU)MO
MJ&NVO&`AU%[*+`F:T(].5EET36TMD*J.UO8=HKY$B1R]^>TY;FSM\NED89<K
M"R$RDP[U$E+@XLL(NH\V[D.)<LA\D=PSUI"RI6J2\Y"%<YK$=+\V-$:QZEIK
M%#BVF'%]65J0D<9<4E1PW=I"DR+XB/,.$7J>)*2<$DG:2=HVX;L>Q6/>AAAJ
M6D/%6F1NP\\@E-0NT;IIG6C8BP;9L220.M*Q0I7-&E=X2F=7]Q9UR&"O1K?A
M`YMQ)KBH-,PF*.,%G!?,F<R($C4C2&Q-Y:MUQSS.A0+G>;1$@0VI,R5B@E,E
M:6D+1UZ`[UK3RDLI2GK%H`&-4UMQ$68YUJDLI*DH65**0-N&&WH[(VU`FW$Y
MJVDJWT4V!TOKK9"MGD&Q]21DW9.;-TWBS+L;!I,TKL2$B8CG<R4RNQ4L_-;O
M7RCW)E+*,3&'"),``0`YREH_E_.&?+UJ)D37:Z95NL(V"6ZFQ1%17W;,^VOX
MHM?5F`U&,=)#6#3RE!Q*>,<0)JDEN,QT1WH*'4'C3BL@CK!TXDG;B>R,,*R8
M\:J/R.-[!^'D[TS.9C4=CW1LZBKN236,2V4%%*&MN65^W1L:V*&O!L.7AC>'
M,TTLL:#L*!YZ']X$6<<POR#7Z#.TNU&M&>(4*[Y2R]85RF8ST9@JQ6F6X^GK
M@V'_`(XH`)ZS%(]QPX"JZ_M<,N,Y'44/.+`)!.S=@<-VS'L5[-S*\C^D6[7A
M@3'7ISG49>+IOIUIN\%3Q8<VEIEU19T7PA"I7V27)GQT2/DB%_DJPW"K!17=
MG&`$6`'<DX!SH/G2Y<QNA>JE@U0CVV3;K-8Q.MB68<:/YN<;;D+0B(66D%MI
M/4M@#$J("@5'C5BG,)MLV*Y$*@5KX58DGB!(VG;OVFNP>/'9$(/\A9Q_PSG'
M/E,D\20H[R*NP[#A4K4]]?2W\)+>_3]]YL/RW?BC,?[>YM_3UPJ.N/R3?E#/
MSB:K^SGOXL;[4;O9]HY=_/7_`"QSEY;'^PQ:\;%]TL]P^^-:&O$$TXV<VPN;
M56:5V91+'$-4;B;+@9!3.:3M)))\J+40YQ7QYV;V:OW9LC2<M9%QE$J252P8
MRCL&"+#D.09OSE>UVT4T7T_S18\U+S$]F'-MK7"?$:+&6Q%3POMH<:6N2A;I
M*7N)06A`"@4C$8&J6Z6^?.D-J9#?5-*XABHXG=B".'9NV;:RPVXK6][]U-L.
MF8BTU(TV)=-=O\`G!\BF<M*AD)!*F)6C<'6*NC;"5KU+!-C@8#!)2M$VX/)R
M(8A%BQ@&<,:&9OTITRUNAY\O4B]NY5L<Y,F%U45@R9);6.%$EM3X;9"D<7$6
MW'"%8`8@DBON#$R7!5';"`ZX,%;3@!VMFW^ZM>S'X6=H3'0*G]/K;E-8P^QM
M6I2S6'KG=M=.DIF*8,];9')9":IG,3?XS$C$L?5%/):,U.C4J3#,`"HQD(R@
MECV<NW.+D"P<Q=UUGR1&O%PRQFR"N%>[=+:9C*3&ZIEI!AO-NO!3H*%+Q<2D
M`$M[E%0C$6>0[;DPWRA+S2L4*22=N).T$#94^WEJ1L1O$^4$P;;YI""4S2MA
MM5Q3*+4S)9M-GV\;#CZ,Y&QMQRB71.(H:]KTL:M0:I3?^67G`4Y)":#L!-YC
MC(FN.CO+U;LRW31$9@N6>[_"7`BO7)F/&9M<1U7$M7Q+KRI4D$)"5?%-XH2H
MI.*@:E^!.N*FTS^K2PA0)"<25D=T``>W6-5VT;N1.]H-K)AK4QZ`;0P=\L*$
ML<OB^V\1D+E.*$F$4JZ)9)K2/JC$`D((<>U.Y3RFPB-RG,-<S19QWW?9SF/(
M&J.B65M&LEV?5I[4#*U]9MTMZ,_8GT-Q;JP_-?XICH0O%3_&@LJ#J.L2&QAW
MA15"_&FO37U1/J[J"H`A8VHX0,$]K^AJUI1#]J=RJQV!\*/::LJ)UIL8RCX)
M>])SS70U>LI1PB\>M-"WD,;Q%0*%"MD39E+;@@S"?!0\EB-,PF$(L`C:ZWW?
M1S1/,N7N<W2F[W_-&53>Y-IN<6[$&XMNOPUJZQE]8'&I#2N+!94G:E(<'$H)
MX6F;,;<L\M#;+W`%I*/<D`[B!V3_`*]E7#LKH%O]M;0NL]:SZ>ZM0ESUDF]7
M/S7%H2X66KB]B@KR."8!2J62EVBPG-D=1I$I)*!G0-PTA&%2LXY48+U<HN/T
MQYF^5W2;4#-F:<OPLW3!F^)+2])D-Q`Y$,IXN_5F([;H2X@*6I:WW'.,E#:`
M@)XE'M(MEUF1VFG"R"R1@!CMP&&))&_M`85,^[NI&X>W%BZ>V`WMVM<-SJY;
M#;=*MK5V793B&6R'"R-+W**)U1=5%9;V8DR-A+(7Y`(\P)V1"3@R#LBL;076
M[EUT9RSG3+;DG-DQ&;8#D'C^HQ$EA@I>0A[#ZWWSA#Q*D'!(*<`HXXBHG0;I
M-<9<X64EE7%AQ$XG9LW;ME?=NYJ/MIM/;^FUF1Q)KM&4NJ5F-%R'M3U8=BFJ
M)E)CO\0<9!$RS458GEM;"B=(V,A&X?\`44*$YH33$Y0\9*S1\O>MV@&C.3\Y
M99N$C-,MS-D%Z!QHA1`(\?!]MEX8RQQ.J;=XG&S@E*QPI41MKM<(5QFNLN)2
MT.I/%AB=IV$C=N!W5MA9S7I0SM1\D1M;?(3V]*:^H61<J<V9&[C)#EP2M+DN
M0MBUP;B%.1!)..3D&&EXP(18,Y[.-%+JW:6KG(:L3C[MF2\H,+>0EMU;0/>*
M<0E2TH64X<24K4`=@4:G4E92"X`%].&['IJ::>^OI;^$EO?I^^\SMRW?BC,?
M[>YM_3UPJ@N/R3?E#/SB:K^SGOXL;[4;O9]HY=_/7_+'.7EL?[#%KQL7W2SW
M#[XUU_/$?VFVIU?NW3Z*U)9->)H=MA=S;3ZAGE--(I(Y5XGRJA+8MD+<_P")
M@VF254K428X\*=0G3EE=@)>!"QU%S(W*CH[HOJ_I[G"[YTM%R7?\HVA4[K6+
MDIEN8>&2ZEI3/U=?4!*64H*DK658E6`W527>;,AOM!E8ZMU6&!3CAAANV[=]
M;>&)$]MC(U-LE?2)/(D"$A(]R1*R$QM,^N1`.[5NA$?3+7%.RE+#,=K"8!YP
M2L?)P,7GYHM>)-KF71^59(JX5H<<*F6%.E]32#M"%/%*"Z4_YRA/%_E%3Z`X
ME(#BN)8WG=C_`$Z*J8A`**,/-,+(()#VCE!Y@"2"0Y_W&G&""66'/\\YQCE&
MQ'D2WA'B-K=D*W(0DJ4>XE()-<DI&\X5S"'M@+-!D(RC08&4:`01E&@%GI@9
M1@19`:`6<>3(<YQGA4>0V\J,MMP2$^Z04J"AAV4D8C#MBF*<,<1PGN?V-8IR
M73.I'>TY==<8>[@IRT;$"TAL:3TM;4H@I=@F,2$#8S*YE&,FN\->')L;B@D$
MJQ-X502L=GO,XZ]<\V#F%U`LN3X6G]Y@V.^Y4MW&(,>ZVUJ48@<45N)C/8-O
MH2M9*E(ZQ22<-E4+MNCN/*D(4MIU7NBA1&.'9&)%7Y4FN=>TZ]2R6,!DTEUA
MSM*T(9G:%H39\L:PWYECOK1C#'SI$^G#"U19D,6GG)VUO(1H"SCC#<E9,%D?
M+8U#U<SIJ+#A6&[-0K?EF"XM<6W6^(W"AMNN\*7'4LM#%UYSA2E3KJG'"`$A
M0&RO2/#CQ5*<05*=5@"I1*E$#HQ[`[%2\X%K')F<,,#ND0+EB)<E:'\"5._H
M6UT&284E7C085$)74+>J$$P:81Q>#<!R`0@]KKC';+(M5S9-]B/*CH<0IQA7
M$PXXWB"I(6I!4WQI!`<"5<..(!PPJH)ZQ!ZM0Q[.PX'MUJ5UEV7VGN=1XC]<
M2.SJ^0S#3ZW!PBO;&;*70!2O3*PL4K>W44D@ILQ$@.6/W]@+*"86N#ZE@8A!
MP9Y,<WGU8T?T4R&UI=FNVV:YN6/.UMZZ9"7<U<32WE1T-]3)^K\0#)>)(+?Q
MO"`2G?4%$ESI)DLK6@.,+P"@CL8]&/3A4V^%7M!:&YNE-=W];Q<;Q/Y1)K':
M7,$/91L+'ZG%)<X,C9E,UC6N`B3<(4H<FB[W.!CZBZ8YBSG)T?RCH;KK,T[R
M*)7_`(^S`AO($AWKG>.0UQ+''PIQ!5[D88C=B:J[--=G01(D%/6<2AL&`PQV
M5L*),)4EY.2GD*B0F"*$<E.*4DA.!_62(T@9@`FASYPYSVL=/+S6&7"FP%AJ
M>R\PZI((2XA2"0=Q`4`2.V-E2B5!?N2#W#C4MT]]?2W\)+>_3]]YGSEN_%&8
M_P!O<V_IZX507'Y)ORAGYQ-5_9SW\6-]J-WL^T<N_GK_`)8YR\MC_88M>-B^
MZ6>X??&NLMXT7_L)X07_`-IH?:*I>;`<@7_K/6+_`/(GYB=47F+Y>*?^:?\`
M2FM[DPDT?A3%)IC+7=''XM%6UT?Y&^N(Q%H&=E:RC5;BY+!@`8,*9&F+$,?9
M"(73'DQG//F]8;'=<R7:+8+&PN3>9CR&66D#%;CBS@E"<<!B3V2`.FKH=<2T
MDK7L0-I/8%:/S),EW*\9&U]<;>2"EFO.HVO;-,8?43J:IS`9A9\T*KQ0?8LQ
MCI1I"*9'-[9.C"&\EQ`H2I0D`&`O`\C$+Z,MP7^7[D8M&I>12F%J?F_,"H\J
MXH2DRXT5A<Q(BQW5!18!5%!<+?"I16O%1&&%M8BXWM4:1WT5E&(3_A)V=\1T
M[^FK.CD/@<;\5.[O#=6QO+IJ#>NM[5?K-4QKF['1^G+51-AB5RD=7D^OX.A!
M+F5ZZH]52&%)2EAI!A98>[#CEQ7#-.9+OR?Y?YI6WVV]9\OYB7;'I_5,AVY0
M"[\A-[SADG8VGB6"LI2OON^-=`PTW>'+7@?J2V^(#$]ZK#>.QW-U13X>LYC.
MI=0>)CJ-?<2;YK:FL$C<3A%/.5:M]V1KBP%!C%2[$O&>J$J>L/,P?F]&F[O(
M>Z321.5U^3CI>O,?E6\:SYYTHUFTVEN0LEYB91QEI+:6K1(C)Z^X/`I20WPQ
MVGNL*@1UD51_Q5X6]UN&Q*AR4XO-GIQQ6#L2D_U/1AOJE;0Q*0:N2KPRO#T@
MT16OY>QDB*GNW+/#IKB`N^QDDBJY*>NK5=.'ET(3LT&.?G!R3^J^L)TYC84E
M3"^0#`<S&C5ZM.K\'5#F.S!-9C,9;0]"R^Z_%3*:LS"VC_UR8[;?QL@H#3A<
M*%K"RXL8$UTF(7#^JVQI)/68%P`X%9Q]R3CL`Q(V&LT*SU^VOKS?>M;=HS6Q
MIUBU0E,..ANT%1$W-7+]%'MT3X>\QZS(G7\-<CVMID[1WC<4,Y&04>JP2,)G
M4)IF18#SYJ9HAFGEMNV3,_YP_P#,=8HDDR;+<#;94>2CB+?%#<D.MA2V5`.G
MA<64IX@1[E.%?'C3FKDAZ.QU$,@!Q(4"#OV@`_V_K5I:!^^OQTO]-C)=["V5
MR1YC_P#UYR^8_P#98WSL&N+9\O</]\_\58):J1?8B4^`/4(=<8J^6*]1O8N0
MR^SJFC+JXLK_`&_2L<N!]7SRMT3@S&D/>4DB[*4*].B'A4J0`.++";G/=#V"
MU7O.F=F_^BUR5J;*C6V-*R@Q'@3Y"$+9@7%Z($QY2DN@M!;>*^J6X.!+G"5%
M/NA'142%Y>3]7!4H/$E(WJ2#M'MX=%9T>'_L/I1L/L^UN]`0Z1Z;WG#*LL"*
M75I](XPN@Q<[2JUD86L,G(:VY2CASZ\U<J;U>?63&],^91N6<FE`+!D6,!\S
M>GVN^G.C,RWZE3(V>\B3KM#?MF8FG6GG(/"'`XTLE!>0W-"D)`0\J,%H[U1*
M@*K[8]!D34KB)+#X0H+;PP!W8'?T8=W;78LI[Z^EOX26]^G[[S4[EN_%&8_V
M]S;^GKA4Q<?DF_*&?G$U7]G/?Q8WVHW>S[1R[^>O^6.<O+8_V&+7C8ONEGN'
MWQK1QO=I#?>W-O:RSN*V%24(C&J]LMUNPQNDK)8CK(Y>\$GQ->N9I:>T*26I
MO:A+8OV"3$.,G8).ZC^7CRW'RV\Q&E^B&1LRY>O5MS!/O6:[<J%+6RN&AAAO
M!]"%Q@Y\8I?`]BL.][Q)P&RO"YVV7/>;6E3:6VE8C''$[CM]C9A7T[A:V^()
MMK5+S2Y-Z:O4I")D:E)L$Z#PNW'Z3RM@(7IUYT7`]2%V`4S,KB-.'"L*<C!Z
MDO'="."4(P`^FA^KG*]HIF]K/3>7\W7S,<1*_JAER+>VS'<4@HZWJF1\8XD$
M\"E$A&)(258$=IT&YS62P5LH:5[KA"B2.P2:ONQ--IHR;9Q[=S6V20)EMM75
M1-*W1`+02R(->V]"4)39ED=B'Z)`5/\`#IO'5#*DP4I]37)E2=*4686#.!"'
M!96Y@<K7?1N;H)J[#N+^3?.ZKC;)D%3)F6Y];BU+0II_!M]A8<<Q3QH6DN+(
M)Q&'H];W434SXA2'BCA6%`X*``&.S<=@JIZ_:>R:+;.W!NQ?THA\PV%M.*LE
M:1UFKML>45<4[4[`6BP3%(NNDIG^229Z?3VXDYR<U927`A!$`DD`3!]8S537
MNQ7C2.R:`Z70IT'36U25S'W9JVUS;C.<*B7GDLXM,MM\:NK;05;QQ*/"FNT6
M`X):[C,4%25C`!.Y*>Q5L6_X=<.M;?\`HC=\;X4U%UO$3V>R8(6%<$%I2&)+
M"W6EW=RP0+#:J2PEZ$!6>!5@63#6INR#&<E9R&8R%S7WS)/+5F#0-+#CLJY2
M<8,OB3_T,>0.&X-IQ/6)4\C%+75X!(>>XM^!Z2+2A^YMS\<$@=\/\Q'N?]O<
MJX-Z](5>UJBC;2K:P$52[*ZP3XJPJ5L)W93I%&33A*VY:[PV;LR50G<%<7?%
M#0G&(Q,/OR!@%T",!I@<Q'+9S%QM%VK_`)/S=;G;QI9FJ`J+<8C3@:?3WBT(
M?C+5W@=2EQ:2%#!6(.(*0:];E;E35MR&5!$II6*3AB-^.!'2*D*+0/;26RI@
MGUWS6G(V?7;7(5<%J>CS[)S7\KL-X8U;&DE]Q2B49;Y*^1EB)6&^H1U$E"F(
M./RJ..4'DI\%PUYS;H18;#,RKIO;;W);N[S29ERN@AF9&@MN)<5&MC#?&TT^
MX4CK9;B^-24]6D)0I>)MF>XXEV2M`ZO'A2CBX2H[,5$X8CM=%8HTAICMY2$N
MW,ES7/\`5A_5[GSYRG\H1.++<Z1+!%SHS2)F-;8X:E5"-=41)4A$,(U?9,R(
MH.,^3.>9FS_S"Z#9_LF1[%-MN<(\?(L1$>,I#EM4J4EM3*@I_$]X261L;V=\
M<-U4,>VW".X^X%-%3Y./NMF..[L[ZM#7#P]=LM9=6J;H2!7[2A4GUWO`Z[(#
M*<Q6QO[%8Q3^*;E36M+::/[HG-2Q=U;YEV$BIM[X\@].$T1>1A`(,WJ7S3:&
M:J:I7G/>9<MW]=JS)E]-JF,EZ%UL0,EI4>9`7@<7TK;Q<0Z4I*>]!()%<1[3
M/BQD,-.-A;3A6#@K;L((5VMO161[#J78D_W/KK=>^BZ8BLQI^L9;7,*BE)_Y
M8]*I.JFA9Z)QD]F3Z7M4;6O"=B:%BA.T-A3>+"?U@0S%`NF`9Q3>]=,GY>T"
MN6@.FRK_`#[3>+FS+D2;J6&TQT,*2XEB%&86X&RXXA"GW5.`*X<$H&.-5;,%
MYV>F?*ZM*D((`1CB2>DGM8[*VR4]]?2W\)+>_3]]Y9O+=^*,Q_M[FW]/7"O>
MX_)-^4,_.)J=+^J9?(+AG+P5.:G:BUS@A,"WO]BL3,\)L%LK81V%S8J,PH2&
M"R5V@A%CKD`@B\V<<VOYO.7NY9PYCLT9D9S7I_;VI4ME0CS\PP(<MOAB1T8/
MQGEAQI1X>)(4`2@I4-BA43:+@EFW--EJ0K`':EM1!VG<0,#4/_<<Y_$FC_S8
MC7I>:W>JM=_3C2[\U6OZ2I+SJGP$KQ2O:I]QSG\2:/\`S8C7I>/56N_IQI=^
M:K7])3SJGP$KQ2O:I]QSG\2:/_-B->EX]5:[^G&EWYJM?TE/.J?`2O%*]JGW
M'.?Q)H_\V(UZ7CU5KOZ<:7?FJU_24\ZI\!*\4KVJ?<<Y_$FC_P`V(UZ7CU5K
MOZ<:7?FJU_24\ZI\!*\4KVJ?<<Y_$FC_`,V(UZ7CU5KOZ<:7?FJU_24\ZI\!
M*\4KVJ?<<Y_$FC_S8C7I>/56N_IQI=^:K7])3SJGP$KQ2O:I]QSG\2:/_-B-
M>EX]5:[^G&EWYJM?TE/.J?`2O%*]JGW'.?Q)H_\`-B->EX]5:[^G&EWYJM?T
ME/.J?`2O%*]JGW'.?Q)H_P#-B->EX]5:[^G&EWYJM?TE/.J?`2O%*]JI&K&H
M'!K>)(<.?5`MPIK:S&S!;99<?7G$C<X6\(@+%)1!F1$-J,1V#%)XOD$$!$,7
MD#GF:]"^7&Z6',%[D.9NT[E!_)69(W#&S);WUH,FR36`\XEM9*([)6')+ZL$
A,,)6ZLA*#5%.N*7&T#J9`P>;.UM0W+2<-V\[@.D[*__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
