M&A
confidence high
sentiment positive
materiality 0.80
Farmers National Banc completes Middlefield merger; $7.4B assets, 83 branches
FARMERS NATIONAL BANC CORP /OH/
- Each Middlefield share converted into 2.6 Farmers common shares; no fractional shares issued.
- Farmers now holds over $7.4B in banking assets, $4.7B wealth management AUM, and 83 branches in Ohio and Pennsylvania.
- Former Middlefield directors Michael C. Voinovich and Kevin A. DiGeronimo join Farmers' board.
- Voinovich appointed to Enterprise Risk Mgmt and Audit committees; DiGeronimo to Compensation and Corporate Governance/Nominating.
- This is Farmers' seventh bank acquisition in a decade, expanding into Central and Western Ohio including Columbus.