1. Home >
  2. M&A >
  3. Merger >
  4. United States >
  5. Ohio >
  6. Farmers National Bank Acquires Cortland Bank

M&A Deal Summary

Farmers National Bank Acquires Cortland Bank

On June 23, 2021, Farmers National Bank acquired financial services company Cortland Bank for 124M USD

Acquisition Highlights
  • This is Farmers National Bank’s 7th transaction in the Financial Services sector.
  • This is Farmers National Bank’s 2nd largest (disclosed) transaction.
  • This is Farmers National Bank’s 8th transaction in the United States.
  • This is Farmers National Bank’s 6th transaction in Ohio.

M&A Deal Summary
Date 2021-06-23
Target Cortland Bank
Sector Financial Services
Buyer(s) Farmers National Bank
Deal Type Merger
Deal Value 124M USD
Advisor(s) Piper Sandler & Co. (Financial)
Grady & Associates (Legal)

Target

Cortland Bank

Cortland, Ohio, United States
Cortland Bancorp is a financial holding company headquartered in Cortland, Ohio. Founded in 1892, the bank subsidiary, The Cortland Savings and Banking Company conducts business through 13 full-service community banking offices located in the counties of Trumbull, Mahoning, Portage, Summit, and Cuyahoga in Northeastern Ohio and a financial service center in Fairlawn, Ohio.

Search 214,600 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Farmers National Bank

Canfield, Ohio, United States
Category Company
Founded 1887
Sector Financial Services
Employees682
Revenue 170M USD (2024)
DESCRIPTION

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.

DEAL STATS #
Overall 9 of 11
Sector: Financial Services M&A 7 of 9
Type: Merger M&A Deals 1 of 3
State: Ohio M&A 6 of 7
Country: United States M&A 8 of 10
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-30 Maple Leaf Financial

Chester, United Kingdom

Maple Leaf Financial, Inc. is the holding company for Geauga Savings Bank, headquartered in Newbury, Ohio, in affluent Geauga County. Geauga operates a second branch, in Beachwood, Ohio, in the heart of Cleveland’s east side financial district.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Emclaire

Emlenton, Pennsylvania, United States

Emclaire is a nationally chartered, FDIC-insured community commercial bank operating 19 full-service offices in Venango, Allegheny, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer Counties, Pennsylvania. Emclaire was founded in 1900 and is based in Emlenton, Pennsylvania.

Buy $105M
Mergr

Solution for

Product

Company

Legal