Farmers National Banc and Middlefield Banc shareholders approve merger

Farmers National Banc Corp. (NASDAQ: FMNB) and Middlefield Banc Corp. (NASDAQ: MBCN) announced that shareholders of both companies have approved the proposed merger of Middlefield with and into Farmers.

The merger is expected to be completed during the first quarter of 2026, according to the companies' joint announcement.

Farmers National Banc Corp., founded in 1887 and headquartered in Canfield, Ohio, operates with $5.2 billion in banking assets as of December 31, 2025. The company operates The Farmers National Bank of Canfield, which has 62 banking locations across nine counties in Ohio and ten counties in Pennsylvania.

The bank's subsidiary Farmers Trust Company operates trust offices in the same geographic markets, managing $4.7 billion in total wealth management assets under care as of December 31, 2025. Farmers National Insurance, LLC, a wholly-owned subsidiary of The Farmers National Bank of Canfield, provides insurance products.

Middlefield Banc Corp. serves as the holding company for The Middlefield Banking Company.

The announcement follows the standard regulatory approval process for bank mergers, with shareholders of both institutions voting to approve the transaction.

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