Farmers National Bank - M&A Summary and Business Overview

Financial ServicesCompany

Farmers National Bank M&A Summary

Farmers National Bank has acquired 10 companies, including 3 in the last 5 years.

Farmers National Bank’s largest acquisition to date was in 2021, when it acquired Cortland Bancorp for $124M. Farmers National Bank has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include financial services (80%) and insurance (20%).

Farmers National Bank Business Overview

Where is Farmers National Bank headquartered?

Farmers National Bank is headquartered in Canfield, Ohio.

What is Farmers National Bank’s revenue?

Farmers National Bank disclosed revenue of 180M USD for 2023 and 159M USD for 2022.

How many employees does Farmers National Bank have?

Farmers National Bank has 666 employees.

What sector is Farmers National Bank in?

Farmers National Bank is a financial services company.

When was Farmers National Bank founded?

Farmers National Bank was founded in 1887.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity10
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1
  • M&A Advisors 8

Farmers National Bank

Farmers National Banc Corp.

20 South Broad Street,
Canfield, Ohio 44406
United States,
(330) 533-3341
www.farmersbankgroup.com

Farmers National Bank is a diversified financial services company engaged in commercial and retail banking. Farmers National Bank was incorporated in 1887 and is based in Canfield, Ohio


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 8 - 1 1 - - 10
vol $125M $124M $105M $354M
Sell (0.0/yr) # - - - - - - 0
  10

Most Recent M&A

Company Date Value Type
Emclaire Financial Corp. 2022-03-24 105M USD Merger
Emlenton, Pennsylvania · www.emclairefinancial.com
Cortland Bancorp, Inc. 2021-06-23 124M USD Merger
Cortland, Ohio · www.cortlandbank.com
Maple Leaf Financial, Inc. 2019-08-30 - Add-on Acquisition
Chester, United Kingdom · www.mapleleaffinancial.co.uk
Monitor Bancorp, Inc. 2017-03-13 8M USD Add-on Acquisition
Big Prairie, Ohio · www.monitorbank.com
Bowers Insurance Agency, Inc. 2016-06-01 - Add-on Acquisition
Lockport, New York · www.bowerinsurance.com
Tri-State First Banc, Inc. 2015-06-24 14M USD Add-on Acquisition
East Liverpool, Ohio · www.1stncb.com
National Bancshares Corp. 2015-01-27 71M USD Add-on Acquisition
Orrville, Ohio
National Associates, Inc. 2013-07-01 - Add-on Acquisition
Cleveland, Ohio · www.nationalassociates.biz
Butler Wick Trust Corp. 2009-01-08 - Divestiture
Youngstown, Ohio
Security Finance Corp. 2000-05-26 33M USD Add-on Acquisition
Spartanburg, South Carolina · www.security-finance.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 8 (80%) 354M (100%) - -
Insurance 2 (20%) - - -
Total 10 $354M - -

By Geo

State/Country Buy Value Sell Value
United States 9 354M - -
  Ohio 6 217M - -
  Pennsylvania 1 105M - -
  New York 1 - - -
  South Carolina 1 33M - -
United Kingdom 1 - - -
Domestic 9 (90%) 354M (100%) - -
Cross-border 1 (10%) - - -
Total 10 $354M - -

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
4
Sandler O'Neill + Partners LP
1
Sterne Agee LLC
1
Legal Deals
Vorys, Sater, Seymour and Pease
8
Niehaus & Associates
1
Bischoff Kenney & Niehaus
1

Deal Values

buy # Total
$100M to $1B 2 $229M
< $100M 4 $125M
TOTAL $354M
Largest Cortland Bancorp, Inc.
$124M (2021-06-23)

M&A Connections

Deals
Acquired from
Strategic(s)
10%
1 (10%)

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