Farmers Completes Tri-State 1st Banc Acquisition
CANFIELD, Ohio – Farmers National Banc Corp., parent of Farmers National Bank, has completed its acquisition of Tri-State 1st Banc Inc., holding company of 1st National Community Bank in East Liverpool, Kevin J. Helmick, president and CEO of Farmers, announced this morning.
The four offices of 1st National Community Bank will adopt the Farmers name and signage. The Farmers signs will go up in February, said Amber Wallace, senior vice president of marketing.
“We had a very aggressive timeline and I am pleased we were able to accomplish our goal of closing two mergers within a four-month period,” Helmick said in a prepared statement. “This merger is exciting for Farmers because it allows us to gain a source of low-cost funding, enter into the Pennsylvania market and achieve the second-largest market share in Columbiana County.”
Farmers completed its acquisition of National Bancshares Corp., holding company of First National Bank of Orrville, June 19.
With 1st National Community Bank, which has three offices in southern Columbiana County and another in Midland, Pa., the assets of Farmers Bank rise to some $1.8 billion and its 38 offices extend from Beaver County, Pa., through Columbiana County into Mahoning, Trumbull, Stark, Medina and Cuyahoga counties.
Copyright 2024 The Business Journal, Youngstown, Ohio.