Banking & Finance

Farmers Earns Raymond James Bankers Cup

CANFIELD, Ohio — Farmers National Banc Corp., the parent of Farmers National Bank, has received the 2017 Raymond James Community Bankers Cup.

The Bankers Cup is a competitive award, Farmers noted in announcing the award. In making its determination, Raymond James, a financial services company with 7,500 advisers in more than 3,000 offices, scrutinized every exchange-traded bank in America with assets between $500 million and $10 billion. Of the 272 banks nationwide that qualified, only 28 demonstrated the financial performance and stability to be win the award.

The awards program is in its sixth year.

“The Bankers Cup is the perfect finishing touch on Farmers’ best year ever,” said Kevin J. Helmick, president and CEO of Farmers. “In 2017, our bank broke several long-standing company records, including those for annual income, profitability and growth. Our Farmers team continues to redefine what excellence in community banking is all about.”

In announcing the winners of its award, Raymond James noted that 2017 was a particularly challenging year for community banks, with most performing worse than 2016. Yet Farmers and the 27 other honorees out-performed NASDAQ’s Bank Index.

Founded in 1887, Farmers has more than over $2 billion in banking assets and over $1 billion in trust assets. Its wholly-owned subsidiaries are comprised of Farmers National Bank with 41 offices, Farmers Trust Co., which operates four offices, National Associates Inc.m Farmers National Insurance LLC and Bowers Insurance Agency Inc.

 

Published by The Business Journal, Youngstown, Ohio.