Farmers National Bank

Farmers National Banc Corp. Announces Board Additions

Retrieved on: 
Wednesday, August 23, 2023
Banking, Asset Management, Professional Services, Finance, American Red Cross, Shareholder, Senior, Youngstown, Ohio, Culture, Corporate governance, Youngstown State University, Boardman, Annual general meeting, Farmers National Bank, Committee, Management, Farmer

Farmers National Banc Corp. (NASDAQ: FMNB) (“Farmers”) is welcoming two new members to its Board of Directors, Mr. Carl D. Culp and Ms. Gina A. Richardson, effective September 1, 2023.

Key Points: 
  • Farmers National Banc Corp. (NASDAQ: FMNB) (“Farmers”) is welcoming two new members to its Board of Directors, Mr. Carl D. Culp and Ms. Gina A. Richardson, effective September 1, 2023.
  • Both additions will bring a wealth of business experience to Farmers.
  • He spent 32 years at Farmers National Bank and retired in 2021 as the Senior Executive Vice President and Chief Financial Officer.
  • We are confident their contributions will continue to support our strategic corporate strategies and enhance shareholder value,” said Farmers National Bank President & CEO Kevin J. Helmick.

Farmers National Banc Corp. Announces Earnings for First Quarter of 2023

Retrieved on: 
Wednesday, April 26, 2023
Banking, Asset Management, Professional Services, Finance, Insurance, Pressure, Treasury, FHLB, Share repurchase, Policy, NPL, FDIC, EMCF, Time from NPL (MSF), Sale, PPP, Trust, Acquisition, Federal Reserve, Farmers National Bank, Growth, Farmer, Cryptocurrency, Bank, Video game, Pharmaceutical industry

Diluted earnings per share were $0.19 for the first quarter of 2023 compared to $0.47 for the first quarter of 2022.

Key Points: 
  • Diluted earnings per share were $0.19 for the first quarter of 2023 compared to $0.47 for the first quarter of 2022.
  • Net interest income totaled $36.6 million in the first quarter of 2023 compared to $31.2 million for the first quarter of 2022.
  • Excluding these two items in 2022, noninterest expense increased $8.3 million in the first quarter of 2023 compared to the first quarter of 2022.
  • Merger related costs were $4.3 million in the first quarter of 2023 compared to $1.9 million in the first quarter of 2022.

Farmers National Banc Corp. Reports Results for Fourth Quarter 2022

Retrieved on: 
Wednesday, January 25, 2023
Banking, Asset Management, Professional Services, Finance, Insurance, Federal Reserve, PPP, FDIC, EMCF, NPL, Acquisition, Sale, Death, Growth, Bank, FHLB, Farmer, Farmers National Bank, Cryptocurrency, Video game

The net interest margin was 2.99% for the fourth quarter of 2022 compared to 3.21% for the third quarter of 2022 and 3.33% for the fourth quarter of 2021.

Key Points: 
  • The net interest margin was 2.99% for the fourth quarter of 2022 compared to 3.21% for the third quarter of 2022 and 3.33% for the fourth quarter of 2021.
  • Bank owned life insurance increased $176,000 in the fourth quarter of 2022 compared to the fourth quarter of 2021.
  • Insurance commissions increased to $1.1 million in the fourth quarter of 2022 compared to $706,000 in the fourth quarter of 2021.
  • Total noninterest expense decreased to $21.1 million in the fourth quarter of 2022 compared to $27.7 million for the fourth quarter of 2021.

Farmers National Banc Corp. Completes Merger with Emclaire Financial Corp, Adds New Board Member

Retrieved on: 
Tuesday, January 3, 2023
Banking, Professional Services, Insurance, Finance, Magnet, Committee, University, ICA, Pittsburgh Symphony Orchestra, Financial compensation, LP, Business administration, Multimedia, Acquisition, Pittsburgh Steelers, Greater Pittsburgh Region, University of Pittsburgh Graduate School of Public and International Affairs, Pennsylvania Intergovernmental Cooperation Authority, Mergers and acquisitions, Farmers National Bank, Corporate governance, Partner, Graduate school, Senior, Farmers National Bank (Plain City, Ohio), Trustee, Management, Farmer

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Emclaire Financial Corp. (“Emclaire”) (formerly NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”) with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”).

Key Points: 
  • Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Emclaire Financial Corp. (“Emclaire”) (formerly NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”) with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”).
  • Following the Merger, Emlenton Bank was merged with and into Farmers National Bank.
  • On behalf of everyone at the Company, we are pleased to welcome the customers, employees, and shareholders of Emclaire to Farmers National Banc Corp.,” said Kevin J. Helmick, President & CEO of Farmers.
  • In connection with the Merger, Farmers also welcomes a member from Emclaire’s Board of Directors to its Board of Directors, Mr. Nicholas D. Varischetti.

Farmers National Banc Corp. and Emclaire Financial Corp. Announce Regulatory Approvals for Merger

Retrieved on: 
Monday, December 5, 2022
Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Stark, Annual report, Farmers National Bank (Plain City, Ohio), Security (finance), Blake Paulson, Comptroller, Butler, Clarion, Main Street, Tripura Merger Agreement, Agreement, Structure of the Federal Reserve System, Currency, Mergers and acquisitions, Risk, FDIC, Attention, Plan, Farmers National Bank, COVID-19, Mechanics and Farmers Bank, Federal Reserve, Bank, Cuyahoga, Farmer

CANFIELD, Ohio and EMLENTON, Penn., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the “Merger Agreement”), and the related merger of Emlenton Bank with and into Farmers National Bank.

Key Points: 
  • CANFIELD, Ohio and EMLENTON, Penn., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the “Merger Agreement”), and the related merger of Emlenton Bank with and into Farmers National Bank.
  • ABOUT FARMERS NATIONAL BANC CORP.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets.
  • Forward-looking statements speak only as of the date made, and neither Farmers nor Emclaire assumes any duty and does not undertake to update forward-looking statements.

Farmers National Banc Corp. and Emclaire Financial Corp. Announce Regulatory Approvals for Merger

Retrieved on: 
Monday, December 5, 2022
Banking, Professional Services, Finance, Security (finance), Currency, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Attention, Mergers and acquisitions, Risk, Farmers National Bank (Plain City, Ohio), Butler, Stark, Federal Reserve, Annual report, Blake Paulson, FDIC, Main Street, Structure of the Federal Reserve System, Farmers National Bank, Tripura Merger Agreement, COVID-19, Agreement, Mechanics and Farmers Bank, Clarion, Plan, Comptroller, Bank, Farmer, Cuyahoga

Farmers National Banc Corp. (Farmers or the Company) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (Farmers National Bank), and Emclaire Financial Corp. (Emclaire) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (Emlenton Bank), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the Merger) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the Merger Agreement), and the related merger of Emlenton Bank with and into Farmers National Bank.

Key Points: 
  • Farmers National Banc Corp. (Farmers or the Company) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (Farmers National Bank), and Emclaire Financial Corp. (Emclaire) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (Emlenton Bank), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the Merger) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the Merger Agreement), and the related merger of Emlenton Bank with and into Farmers National Bank.
  • ABOUT FARMERS NATIONAL BANC CORP.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets.
  • Forward-looking statements speak only as of the date made, and neither Farmers nor Emclaire assumes any duty and does not undertake to update forward-looking statements.

Farmers National Bank Announces Appointment of Chief Operating Officer

Retrieved on: 
Wednesday, December 7, 2022
Finance, Banking, Professional Services, Other Professional Services, Insurance, Cloud, Wellmark Blue Cross Blue Shield, ITIL, CISO, Stark, David Matuszak, Family, Sigma, Farmers National Bank, Bowling Green State University, Multimedia, Insurance, Management, Farmer, Cuyahoga

Farmers National Banc Corp (NASDAQ: FMNB) announced today the hiring of Michael Matuszak as Executive Vice President, Chief Operating Officer.

Key Points: 
  • Farmers National Banc Corp (NASDAQ: FMNB) announced today the hiring of Michael Matuszak as Executive Vice President, Chief Operating Officer.
  • ABOUT FARMERS NATIONAL BANC CORP.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets.
  • Farmers National Banc Corp.s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 46 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC.

Farmers National Banc Corp. Announces Board Addition

Retrieved on: 
Monday, November 28, 2022
Finance, Banking, Professional Services, Other Professional Services, Insurance, Roberto Clemente Award, Multimedia, Farmers National Bank, Stark, Cleveland Indians, Corporate governance, Season, Committee, Akron metropolitan area, Entrepreneurship, Baseball, Management, Cuyahoga, Farmer

Farmers National Banc Corp. (NASDAQ: FMNB) (Farmers) welcomes a new member to its Board of Directors, Mr. Andr Thornton, who will bring a wealth of business experience to Farmers.

Key Points: 
  • Farmers National Banc Corp. (NASDAQ: FMNB) (Farmers) welcomes a new member to its Board of Directors, Mr. Andr Thornton, who will bring a wealth of business experience to Farmers.
  • Kevin J. Helmick, Farmers National Bank President & CEO stated, With an extensive background in business and entrepreneurship, we welcome Andr to Farmers and believe his experience will continue to solidify our Board of Directors.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets.
  • Farmers National Banc Corp.s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 46 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC.

Emclaire Financial Corp Announces Quarterly Dividend

Retrieved on: 
Wednesday, November 16, 2022
Clarion, Growth, Corporation, Farmers National Bank, Farmer, Bank, FDIC, Butler

EMLENTON, Pa., Nov. 16, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Emclaire Financial Corp (NASDAQ: EMCF), the parent holding company of the Farmers National Bank of Emlenton, declared a quarterly cash dividend on November 16, 2022 of $0.31 per common share payable on December 16, 2022, to shareholders of record on December 1, 2022.

Key Points: 
  • EMLENTON, Pa., Nov. 16, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Emclaire Financial Corp (NASDAQ: EMCF), the parent holding company of the Farmers National Bank of Emlenton, declared a quarterly cash dividend on November 16, 2022 of $0.31 per common share payable on December 16, 2022, to shareholders of record on December 1, 2022.
  • This quarterly dividend reflects an annualized dividend yield of 3.7% based on the stocks closing price of $33.87 per share on November 15, 2022.
  • William C. Marsh, Chairman, President and Chief Executive Officer of the Corporation and the Bank, noted that the dividend reflects the Corporations continued growth and strong financial performance in recent quarters.
  • Emclaire Financial Corp is the parent company of the Farmers National Bank of Emlenton, an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania, operating 19 full service offices in Venango, Allegheny, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson and Mercer Counties, Pennsylvania.

Farmers National Banc Corp. Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, November 22, 2022
Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Banking, Stark, Farmers National Bank, Growth, Farmers Insurance Group, Holding company, Bank, Cuyahoga, Farmer

On November 22, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share, representing a 21% increase over the same period last year.

Key Points: 
  • On November 22, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share, representing a 21% increase over the same period last year.
  • On behalf of Farmers Board of Directors and Leadership Team, I am proud of the significant growth in our quarterly cash dividend payment, said Kevin J. Helmick, President and CEO of Farmers.
  • The 21% year-over-year increase in our quarterly cash dividend follows a 27% increase last year and marks the seventh consecutive year we have increased our annual dividend payment.
  • Farmers National Banc Corp.s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 46 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC.