Emclaire shareholders vote 98%+ to approve merger with Farmers National Banc Corp

FARMERS NATIONAL BANC CORP /OH/

Emclaire shareholders approved merger with Farmers (FMNB) at special meeting on July 20, 2022.
Over 98% of votes cast in favor of the Merger Agreement dated March 23, 2022.
Each Emclaire share to convert to either 2.15 FMNB shares or $40 cash; 70% stock / 30% cash mix.
Merger expected to close later in Q3 2022, pending remaining regulatory approvals.
Combined company to have ~$4.2B banking assets and $3.1B wealth under care (March 2022).

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