Farmers Completes Merger of First National Bank
CANFIELD, Ohio — Farmers National Banc Corp., holding company for Farmers National Bank of Canfield, today announced that it has completed the merger of National Bancshares Corp., holding company for First National Bank of Orrville.
As a result of the merger, First National Bank of Orrville branches are now offices of Farmers National Bank. The combined company has $1.6 billion in banking assets, $1 billion in trust assets and operates 33 branches in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina and Cuyahoga counties in Ohio.
Shareholders of both holding companies approved the merger June 12.
“I am very pleased we were able to accomplish our goal of closing this deal by the end of the second quarter,” said Kevin J. Helmick, president and CEO of Farmers, in a prepared statement. “We committed to our investors and shareholders that we would do so and I am excited that we were able to deliver on our promise.”
Added Mark Witmer, formerly CEO of First National Bank and now senior executive vice president, chief community banking officer of Farmers: “We found an excellent partner for growth in Farmers. Our employees, customers and shareholders will benefit from the creation of the new combined company. I am especially pleased that this merger introduces a robust wealth management platform to our loyal customers in Wayne, Medina and Stark counties.”
Copyright 2023 The Business Journal, Youngstown, Ohio.