secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001193125-21-332498
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312521332498/0001193125-21-332498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312521332498/d233579d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-332498

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