M&A
confidence high
sentiment positive
materiality 0.80
Farmers National (FMNB) to acquire Emclaire (EMCF) for ~$105M cash/stock merger
FARMERS NATIONAL BANC CORP /OH/
- Consideration: $40 cash or 2.15 FMNB shares per EMCF share; 70% stock/30% cash mix cap.
- Expected close 2H 2022, subject to EMCF shareholder & regulatory approvals.
- William Marsh, EMCF CEO, to join Farmers as SVP and Market President, Pennsylvania.
- Pro forma combined assets ~$5.2B with 66 branches in OH and western PA.
- Emclaire had $1.1B assets, $72.4M tangible equity, $790.9M loans, $918.5M deposits as of Dec 31, 2021.