10.22.25

Farmers National Bank Announces Merger With Middlefield Bank

by: Chelsea Simeon

Farmers National Banc Corp. and Middlefield Banc Corp. announced a merger that will create a regional banking franchise with over $7 billion in total assets. Under the all-stock deal, Middlefield shareholders will receive 2.6 shares of Farmers common stock for each Middlefield share, valuing the transaction at about $299 million. The merger, approved by both banks' boards, is expected to close by the end of the first quarter of 2026 pending regulatory and shareholder approvals. All 21 Middlefield Bank branches will convert to Farmers locations, expanding Farmers’ network to 83 branches across Ohio and western Pennsylvania. Two Middlefield directors will join Farmers’ board.

Read the full article on WKBN.com (OH)