YOUNGSTOWN, Ohio – 2023 marked a record year of growth for Farmers Trust Co. as it expanded into Pennsylvania for the first time and broadened its footprint in northeastern Ohio.
“2024 brings the potential and promise for hope for an even brighter and more prosperous year ahead,” says David Dastoli, president.
Farmers Trust provides estate planning, investment management, trust administration and retirement services. It expanded into western Pennsylvania following the merger of Farmers National Bank of Canfield and Farmers National Bank of Emlenton. The company also expanded into the Cleveland market in 2023, Dastoli notes, with an office between Cleveland and Akron.
As a result of these expansions, the company now has six offices: Boardman, Howland, Canton, Hudson, Wooster and Aspinwall, Pa.
Farmers Trust is an independent financial advisory firm with no internal proprietary products or conflicts of interest. It maintains locally operated investment, retirement plan services, operations, trust administration and tax departments.
“Our model of local delivery of highly sophisticated administrative and investment services continued to result in strong organic growth and another record year,” Dastoli says.
The company and Farmers Charitable Foundation support nonprofit organizations in the Mahoning Valley by distributing nearly $7 million annually and administering donor-advised funds. This allows clients to establish separately identified accounts under the umbrella of the foundation and have their charitable assets professionally managed and distributed in alignment with their philanthropic intents.