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Farmers National Banc Corp. Completes Merger with Emclaire Financial Corp, Adds New Board Member

Retrieved on: 
Tuesday, January 3, 2023
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Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Emclaire Financial Corp. (“Emclaire”) (formerly NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”) with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”).

Key Points: 
  • Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Emclaire Financial Corp. (“Emclaire”) (formerly NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”) with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”).
  • Following the Merger, Emlenton Bank was merged with and into Farmers National Bank.
  • On behalf of everyone at the Company, we are pleased to welcome the customers, employees, and shareholders of Emclaire to Farmers National Banc Corp.,” said Kevin J. Helmick, President & CEO of Farmers.
  • In connection with the Merger, Farmers also welcomes a member from Emclaire’s Board of Directors to its Board of Directors, Mr. Nicholas D. Varischetti.