Farmers National Bancorp issues $75M subordinated notes due 2031 at 3.125%

FARMERS NATIONAL BANC CORP /OH/

$75M aggregate principal of 3.125% fixed-to-floating rate subordinated notes due Dec 15, 2031 issued Nov 17, 2021.
Notes initially bear 3.125% interest; from Dec 15, 2026 floating at 3-month SOFR + 220 bps, reset quarterly.
Proceeds to be used for common stock repurchase and general corporate purposes.
Notes are subordinated, unsecured, qualify as Tier 2 capital; redeemable at par from Dec 15, 2026 subject to Fed approval.

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.