M&A Deal Summary

Farmers National Bank Acquires Emclaire

On March 24, 2022, Farmers National Bank acquired financial services company Emclaire for 105M USD

Acquisition Highlights
  • This is Farmers National Bank’s 8th transaction in the Financial Services sector.
  • This is Farmers National Bank’s 2nd largest (disclosed) transaction.
  • This is Farmers National Bank’s 9th transaction in the United States.
  • This is Farmers National Bank’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-03-24
Target Emclaire
Sector Financial Services
Buyer(s) Farmers National Bank
Deal Type Merger
Deal Value 105M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Silver Freedman Taff & Tiernan (Legal)

Target

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.

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Buyer(S) 1

Buyer

Farmers National Bank

Canfield, Ohio, United States
Category Company
Founded 1887
Sector Financial Services
Employees666
Revenue 180M USD (2023)
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 10 of 10
Sector (Financial Services) 8 of 8
Type (Merger) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 9 of 9
Year (2022) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 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.

Buy $124M
Mergr

Product

Company

Legal