Farmers completes merger with National Bank
CANFIELD — Farmers National Banc Corp., the holding company for The Farmers National Bank of Canfield, announced today that it completed the merger of National Bancshares Corp., the holding company for First National Bank of Orrville.
Following the merger, First National Bank was merged with and into Farmers National Bank. Based in Canfield, Farmers now has about $1.6 billion in banking assets, $1 billion in trust assets and operates 33 branches in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina, and Cuyahoga Counties in Ohio.
“I am very pleased we were able to accomplish our goal of closing this deal by the end of the second quarter,” Kevin J. Helmick, president and CEO of Farmers, said in a statement. “We committed to our investors and shareholders that we would do so and I am excited that we were able to deliver on our promise.”
Mark Witmer, CEO of First National Bank has become a senior executive vice president and chief community banking officer of Farmers.
“We found an excellent partner for growth in Farmers. Our employees, customers and shareholders will benefit from the creation of the new combined company,” he said in a statement. “I am especially pleased that this merger introduces a robust wealth management platform to our loyal customers in Wayne, Medina and Stark counties.”
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