Farmers National Banc Corp. Completes Merger with Monitor Bancorp

8/15/17

CANFIELD, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield announced that on August 15, 2017 it completed the merger of Monitor Bancorp, Inc, the holding company for The Monitor Bank, with and into FMNB Merger Subsidiary II, LLC, a newly-formed, wholly-owned subsidiary of Farmers.

“We are excited to complete this transaction, our third bank acquisition since 2015, and to bring our successful community banking model to the attractive Holmes County market,” said Kevin J. Helmick, President & CEO of Farmers.

Farmers, headquartered in Canfield, Ohio, now has over $2.0 billion in banking assets, over $1 billion in trust assets, and operates 39 branches in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina, Holmes and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania.

ABOUT FARMERS NATIONAL BANC CORP.

Founded in 1887, Farmers is a diversified financial services company headquartered in Canfield, Ohio, with over $2 billion in banking assets and over $1 billion in trust assets. Farmers’ wholly-owned subsidiaries are comprised of Farmers National Bank, a full-service national bank engaged in commercial and retail banking with 39 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, Holmes and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania, Farmers Trust Company, which operates two trust offices and offers services in the same geographic markets and National Associates, Inc. Farmers National Insurance, LLC, a wholly-owned subsidiary of Farmers National Bank, offers a variety of insurance products.

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