Farmers Completes Merger with Maple Leaf Financial
CANFIELD, Ohio — Farmers National Banc Corp., the holding company for The Farmers National Bank of Canfield, announced Tuesday that it has completed the merger of Maple Leaf Financial Inc., the holding company for Geauga Savings Bank, into FMNB Merger Subsidiary II, LLC, a newly-formed, wholly-owned subsidiary of Farmers, and the merger of Geauga Savings Bank into Farmers National Bank.
“We are excited to complete this transaction, our fourth bank acquisition since 2015,” said Kevin J. Helmick, president and CEO of Farmers. “In addition, we look forward to bring our successful community banking model to the attractive Geauga market and expand our profile in Cuyahoga County,”
Farmers reports $2.7 billion in banking assets, more than $1.3 billion in trust assets, and operates 41 branches in northeast Ohio and western Pennsylvania.
Founded in 1887, Farmers is a diversified financial services company. Wholly-owned subsidiaries are comprised of Farmers National Bank, Farmers Trust Co. and National Associates Inc. Farmers National Insurance LLC.
Published by The Business Journal, Youngstown, Ohio.