Press release
Farmers National Banc Corp. Announces Completion of Mergers with Maple Leaf Financial, Inc., and Its Subsidiary, Geauga Savings Bank
CANFIELD, Ohio--(BUSINESS WIRE)-- Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank
About this update from Farmers National Banc Corp.
[{"type":"text","content":" CANFIELD, Ohio--(BUSINESS WIRE)--\nFarmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced on January 7, 2020 that it completed the merger of Maple Leaf Financial, Inc. (“Maple Leaf”), the holding company for Geauga Savings Bank (“Geauga”) into FMNB Merger Subsidiary III, LLC, a newly-formed, wholly-owned subsidiary of Farmers, and the merger of Geauga Savings Bank into Farmers National Bank.\n\n\n“We are excited to complete this transaction, our fourth bank acquisition since 2015. In addition, we look forward to bring our successful community banking model to the attractive Geauga market and expand our profile in Cuyahoga County,” said Kevin J. Helmick, President & CEO of Farmers.\n\n\nFarmers, headquartered in Canfield, Ohio, now has $2.7 billion in banking assets, over $1.3 billion in trust assets, and operates 41 branches in Northeast Ohio and Western Pennsylvania.\n\n\nABOUT FARMERS NATIONAL BANC CORP.\n\n\nFounded in 1887, Farmers is a diversified financial services company headquartered in Canfield, Ohio, with $2.7 billion in banking assets and over $1.3 billion in trust assets. Farmers’ wholly-owned subsidiaries are comprised of Farmers National Bank, a full-service national bank engaged in commercial and retail banking with 41 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania, Farmers Trust Company, which operates two trust offices and offers services in the same geographic markets and National Associates, Inc. Farmers National Insurance, LLC, a wholly-owned subsidiary of Farmers National Bank, offers a variety of insurance products.\n\n\nFORWARD LOOKING STATEMENTS\n\n\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts, but rather statements based on the Company’s current expectations regarding its business strategies and its intended results and future performance. Forward-looking statements are preceded by terms such as “expects,” “believes,” “anticipates,” “intends” and similar expressions, as well as any statements related to future expectations of performance or conditional ver...