Farmers, Emclaire Receive Regulatory Approvals for Merger
CANFIELD, Ohio – Farmers National Banc Corp., the holding company for Farmers National Bank of Canfield, and Emclaire Financial Corp., the holding company for The Farmers National Bank of Emlenton, Pa., announced today that they have received regulatory approvals for their proposed merger.
The approvals, including from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, were necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V LLC, a newly formed, wholly owned subsidiary of Farmers.
Emclaire’s shareholders voted in July to approve the merger, which is expected to be completed in January. Emlenton Bank will be merged into Farmers Bank, and all Emlenton branches will become Farmers branches.
Published by The Business Journal, Youngstown, Ohio.