Farmers National Banc Corp prices $75M subordinated notes at 3.125% fixed rate

FARMERS NATIONAL BANC CORP /OH/

$75M aggregate principal of fixed-to-floating rate subordinated notes due 2031.
Fixed rate of 3.125% for first 5 years, then 3-month SOFR plus 220 bps quarterly.
Offering expected to close Nov 17, 2021; net proceeds for general corporate purposes.
Reference to Cortland Bancorp acquisition as part of capital strategy flexibility.
Raymond James & Associates acted as sole placement agent.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.