Farmers National Banc Corp. Announces Completion of Merger with Monitor Bancorp, Inc.
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of
Canfield (“Farmers National Bank”), announced that on August 15, 2017 it completed the merger of Monitor Bancorp, Inc. (“Monitor”),
the holding company for The Monitor Bank (“Monitor Bank”), with and into FMNB Merger Subsidiary II, LLC, a newly-formed,
wholly-owned subsidiary of Farmers (the “Merger”).
“We are excited to complete this transaction, our third bank acquisition since 2015, and to bring our successful community
banking model to the attractive Holmes County market,” said Kevin J. Helmick, President & CEO of Farmers.
Farmers, headquartered in Canfield, Ohio, now has over $2.0 billion in banking assets, over $1 billion in trust assets, and
operates 39 branches in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina, Holmes and Cuyahoga Counties in Ohio and Beaver
County in Pennsylvania.
ABOUT FARMERS NATIONAL BANC CORP.
Founded in 1887, Farmers is a diversified financial services company headquartered in Canfield, Ohio, with over $2 billion in
banking assets and over $1 billion in trust assets. Farmers’ wholly-owned subsidiaries are comprised of Farmers National Bank, a
full-service national bank engaged in commercial and retail banking with 39 banking locations in Mahoning, Trumbull, Columbiana,
Stark, Summit, Wayne, Medina, Holmes and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania, Farmers Trust Company, which
operates two trust offices and offers services in the same geographic markets and National Associates, Inc. Farmers National
Insurance, LLC, a wholly-owned subsidiary of Farmers National Bank, offers a variety of insurance products.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. These statements are not historical facts, but rather statements based on the Company’s current expectations regarding its
business strategies and its intended results and future performance. Forward-looking statements are preceded by terms such as
“expects,” “believes,” “anticipates,” “intends” and similar expressions, as well as any statements related to future expectations
of performance or conditional verbs, such as “will,” “would,” “should,” “could” or “may.”
Forward-looking statements are not guarantees of future performance. Numerous risks and uncertainties could cause or contribute
to the Company’s actual results, performance, and achievements to be materially different from those expressed or implied by the
forward-looking statements. Factors that could cause Farmers’ actual results to differ materially from those described in the
forward-looking statements can be found in Farmers’ Annual Report on Form 10-K for the year ended December 31, 2016, which has been
filed with the Securities and Exchange Commission (“SEC”) and is available on Farmers’ website (www.farmersbankgroup.com) and on the SEC’s website (www.sec.gov). Factors that may cause or contribute to these differences may also include, without limitation,
the Company’s failure to integrate Monitor and Monitor Bank in accordance with expectations; deviations from performance
expectations related to Monitor and Monitor Bank; general economic conditions, including changes in market interest rates and
changes in monetary and fiscal policies of the federal government; legislative and regulatory changes; competitive conditions in
the banking markets served by the Company’s subsidiaries; the adequacy of the allowance for losses on loans and the level of future
provisions for losses on loans; and other factors disclosed periodically in the Company’s filings with the SEC.
Because of the risks and uncertainties inherent in forward-looking statements, readers are cautioned not to place undue reliance
on them, whether included in this report or made elsewhere from time to time by the Company or on the Company’s behalf. The Company
assumes no obligation to update any forward-looking statements.
Farmers National Banc Corp.
Amber Wallace, 330-720-6441
Executive Vice President, Chief Retail and Marketing Officer
awallace@farmersbankgroup.com
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