Banking & Finance

Farmers Banc Corp. Increases Dividend 50%

CANFIELD, Ohio – Farmers National Banc Corp.’s board of directors on Tuesday declared a quarterly cash dividend of six cents a share payable Dec. 29 to shareholders of record Dec 8.

The dividend is a 50% increase from the 2016 fourth-quarter payment of four cents a share.

Farmers National Banc Corp., founded in 1887, is the holding company for Farmers National Bank, which operates 42 banking offices in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, Holmes and Cuyahoga counties in Ohio and Beaver County in Pennsylvania. Other wholly-owned subsidiaries are Farmers Trust Co. and Farmers National Insurance LLC.

The company reports more than $2 billion in banking assets and over $1 billion in trust assets.

Published by The Business Journal, Youngstown, Ohio.