Press release
Farmers National Banc Corp. Completes Merger with Cortland Bancorp, Adds Two New Board Members
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 today that it completed the merger of Cortland Bancorp (“Cortland”) (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company (“Cortland Bank”), with and into FMNB Merger Subsidiary IV, LLC, a newly-formed, wholly-owned subsidiary of Farmers (the “Merger”). Following the Merger, Cortland Bank was merged with and into Farmers National Bank. As a result of the Merger, shares of Cortland are no longer traded on The NASDAQ Capital Market.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211101005707/en/Mr. Richard Thompson, newest member of FMNB's Board of Directors (Photo: Business Wire)\n“I am excited to close our sixth acquisition in the last six years. Cortland expands our presence within compelling Northeast Ohio markets including Summit and Portage counties, while increasing our bank assets to over $4.1 billion and our wealth assets to over $3.0 billion making us one of the largest community banks in the state of Ohio. In addition, we look forward to offering our modern and comprehensive financial services to Cortland’s customers and growing our local relationships across Cortland’s footprint. On behalf of everyone at the Company, we are pleased to welcome the customers, employees, and shareholders of Cortland to Farmers National Banc Corp.,” said Kevin J. Helmick, President & CEO of Farmers.\n\nFarmers, headquartered in Canfield, Ohio, now has over $4.1 billion in banking assets, over $3.0 billion in wealth management assets under care, and operates 48 branches in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga counties in Ohio and Beaver County in Pennsylvania.\n\nIn connection with the Merger, Farmers also welcomes two members from Cortland’s board of directors to its Board of Directors, Mr. Richard Thompson and Mr. Neil Kaback, CPA, CGMA.\n\nMr. Thompson has had an extensive background in the private and public sectors for more than 40 years. A graduate of Youngstown State University, he started his career as an Electrical Engineer for The Packard Electric Company before helping found Therm-O-Li...