secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001193125-21-327540
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312521327540/0001193125-21-327540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312521327540/d234219d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-327540

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