FMNB - Mergers and acquisitions

Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today announced that National Associates, Inc., a subsidiary of Farmers, has completed the acquisition of Crest Retirement Advisors LLC ("Crest"). The transaction closed on December 16, 2024, and is expected to be accretive to earnings immediately. Crest will continue to operate under its name and from its current location in Dublin, Ohio but is expected to merge with National Associates Inc. Crest was founded in 2014 and provides customized retirement plans and ongoing administrative services to small businesses. Crest leverages its knowledge of the industry rules and regulations in a manner that provides a retirement

Earnings per diluted share of $0.18 ($0.50 excluding one-time items, non-GAAP) for 4th quarter of 2021 Completed the acquisition of Cortland Bancorp Issued $75.0 million of subordinated debt at a rate of 3.125% 156 consecutive quarters of profitability Efficiency ratio, (excluding one-time items, non-GAAP), of 47.4% for the fourth quarter of 2021 Allowance for credit losses ratio of 1.26% at December 31, 2021 Return on average assets, (excluding one-time items, non-GAAP), was 1.65% for the fourth quarter of 2021 ROAE and ROATE, (excluding one-time items, non-GAAP), 14.8% and 18.5%, respectively, for fourth quarter of 2021 Farmers National Banc Corp. ("Farmers" or the "Compa

CANFIELD, Ohio and CORTLAND, Ohio, June 23, 2021 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. ("Farmers") (NASDAQ:FMNB), the holding company for The Farmers National Bank of Canfield ("Farmers National Bank"), and Cortland Bancorp Inc.  ("Cortland") (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company, jointly announced today they have entered into an agreement and plan of merger (the "Agreement"). Pursuant to the Agreement, each shareholder of Cortland may elect to receive either $28.00 per share in cash or 1.75 shares of Farmers' common stock, subject to an overall limitation of 75% of the shares being exchanged for Farmers shares and 25% for cash. Based on