Farmers National Banc Corp., the holding company for The Farmers National Bank of Canfield, announced that it has completed its merger with Middlefield Banc Corp., the parent company of The Middlefield Banking Company.
Following the transaction, Middlefield Bank has been merged into Farmers National Bank. The deal represents Farmers’ seventh bank acquisition over the past decade and significantly expands the company’s presence across Ohio.
Headquartered in Canfield, Ohio, Farmers now operates 83 branches across Ohio and Pennsylvania. The combined organization has more than $7.4 billion in banking assets and approximately $4.7 billion in wealth management assets under care.
The merger strengthens Farmers’ footprint in Northeast Ohio while expanding its reach across Central and Western Ohio, including the Columbus region. The company said the combined franchise will benefit from greater scale, deeper customer relationships, and broader geographic coverage.
As part of the transaction, two former Middlefield directors have joined the Farmers board of directors: Kevin A. DiGeronimo and Michael C. Voinovich.
DiGeronimo is a principal at DiGeronimo Companies, a development and construction firm that has led numerous large projects across Ohio. He is a graduate of The Ohio State University and brings experience in business management and development to the board.
Voinovich serves as executive vice president and chief investment officer of ECHO Health, Inc., a company focused on payment processing services for healthcare and insurance organizations. In his role, he oversees venture capital and corporate investment portfolios. Prior to ECHO Health, Voinovich worked as an investment banker advising financial institutions and their holding companies. He holds a business administration degree from John Carroll University.
Farmers National Banc Corp., founded in 1887, operates a diversified financial services platform through The Farmers National Bank of Canfield and Farmers Trust Company. The bank maintains dozens of banking locations across Ohio and Pennsylvania, while its trust and wealth management divisions provide services throughout the same markets.
KEY QUOTES
“We are excited to complete this transaction and welcome Middlefield’s customers, employees and shareholders to Farmers. This marks our seventh bank acquisition in the last decade and reflects our proven track record of successfully executing and integrating strategic combinations. The merger deepens our presence in Northeast Ohio, while meaningfully expanding our footprint across Central and Western Ohio, including the Columbus region, where we are making targeted investments in Ohio’s largest and fastest-growing market. This transaction creates a larger, more diversified franchise with enhanced scale, stronger customer relationships, and a solid foundation to drive sustainable growth and long-term shareholder value. Both Michael and Kevin have diverse backgrounds and business acumen that will be a great asset to our board and shareholders. We welcome them to our Board of Directors and look forward to working together.”
Kevin J. Helmick, President And CEO, Farmers National Banc Corp.
