secwatch.observer — SEC 8-K summary
======================================

Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001193125-22-083348
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National (FMNB) to acquire Emclaire (EMCF) for ~$105M cash/stock merger
-------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312522083348/0001193125-22-083348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312522083348/d699237d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-083348

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer