Farmers National Banc Corp. to Acquire Middlefield Banc Corp. in All-Stock Deal
Reuters
Oct 22
<a href="https://laohu8.com/S/FMNB">Farmers National Banc Corp</a>. to Acquire <a href="https://laohu8.com/S/MBCN">Middlefield Banc Corp</a>. in All-Stock Deal
Farmers National Banc Corp. and Middlefield Banc Corp. have entered into a definitive agreement in which Middlefield will merge with and into Farmers in an all-stock transaction. The boards of directors for both companies have unanimously approved the agreement. Upon completion of the transaction, Middlefield Bank will be merged into Farmers National Bank, and Middlefield Bank's branches will operate under the Farmers National Bank name. The combined organization is expected to have approximately $7.4 billion in assets and 83 branch locations across Ohio and western Pennsylvania. The merger aims to expand Farmers' presence in Northeast, Central, and Western Ohio, including the Columbus region, and enhance service offerings and digital capabilities for customers.
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