Report|6 Dec 2024

Farmers National Banc Corp. Surveillance Report

Company Profile

  • Farmers National Banc Corp. (NASDAQ: FMNB) (“Farmers” or “the company”) is the bank holding company for Ohio based The Farmers National Bank of Canfield (“Farmers National Bank” or “the bank”) which was founded in 1887.
  • FMNB is a commercially oriented community bank that serves nine rural counties of northeastern Ohio and ten counties of western PA through 62 banking locations, three LPOs, and five trust offices. Through wholly owned subsidiaries, the bank offers a wide array of diversified financial services to its communities that include trust services through Farmers Trust Company, retirement planning and consultancy services through National Associates, Inc., and insurance services through Farmers National Insurance, LLC and Bowers Insurance Agency, LLC.
  • FMNB has historically been an active acquirer, completing seven bank acquisitions since 2015, with total assets increasing from slightly under $2 billion in 2015 to $5.2 billion in 2024.…
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