Banking & Finance

Farmers National Banc Corp. Raises Dividend

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers National Bank and Farmers Trust Co., has declared a quarterly cash dividend of seven cents a share payable March 30 to shareholders of record March 9.

The dividend is two cents higher than the five cents from 2017’s first quarter payment.

In a prepared statement, the president and CEO of the holding company and the bank, Kevin J. Helmick, said: “It is my pleasure to announce the board of directors has approved a 40% year-over-year increase to the company’s first quarter dividend. This is the third increase to Farmers’ dividend in two years reflecting the company’s strong financial and performance results, and the board’s commitment to create value for our shareholders.”

Farmers has more than $2 billion in banking assets and over $1 billion in trust assets.

Farmers’ wholly-owned subsidiaries are comprised of Farmers National Bank with 41 locations in nine counties in Ohio and Beaver County, Pa.; Farmers Trust Co., National Associates Inc., Farmers National Insurance, LLC and Bowers Insurance Agency Inc.

Published by The Business Journal, Youngstown, Ohio.