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BUSINESS UPDATES | Farmers National announces 2021 Q1 financial results

Also among today's business updates: The Griffith Agency; Youngstown Business Incubator; and Freshmade 3D.

CANFIELD — Farmers National Banc Corp. on Wednesday reported financial results for the three months ended March 31.

Net income for the three months was $14.6 million, or $0.51 per diluted share, which compares with $8.6 million, or $0.30 per diluted share, for the three months ended March 31, 2020, and $11.4 million, or $0.40 per diluted share, for the linked quarter. 

Net income excluding acquisition costs for the quarter ended March 31 was $14.6 million, or $0.51 per share, compared with $9.7 million, or $0.34 per share, for the same quarter in 2020, and $12.8 million, or $0.45 per share, for the most recent prior quarter.

“Our record first quarter financial results reflect the power of our diversified business model, our culture of strong asset quality and our focus on providing our communities with local and individualized financial services,” Kevin J. Helmick, Farmers’ president and CEO, said in a news release. “Record quarterly earnings are especially encouraging as we operate in the continuing uncertainty surrounding the economic impacts of the COVID-19 pandemic.”

Griffith Agency adds Angel Ezzo to its team 

GIRARD — The Griffith Agency, 18 N. Market St., has expanded its team by hiring Angel Ezzo as its newest insurance agent.

Ezzo, a Girard native, returned to her hometown after living in Arizona. She earned her associate degree at Pima Community College in Tucson.  

"I've really enjoyed being part of the team, and working closely with clients has been my favorite part of the job,” Ezzo said in a news release. "I’m going to continue to guide our customers in the right direction when it comes to their insurance needs. Whether it’s through some advice or our products, I just want to help the agency continue to grow.” 

As an independent insurance adviser, Ezzo's goal is to help clients find the best home and auto policies based on their needs and budget, the release states. She has also been working on creating and maintaining relationships with customers.   

"Angel brings energy and a fresh perspective to our team," Meghan Griffith, vice president of The Griffith Agency, said. "Her passion for helping clients aligns perfectly with our mission. She's not only providing personalized, expert advice to our clients, but she’s also building strong connections with them."

YBI portfolio company Freshmade 3D's assets acquired

YOUNGSTOWN — ExOne, an industrial 3D-printing company based in the Pittsburgh area, is expanding its presence in Ohio with the acquisition of the assets of Freshmade 3D, a 5-year-old startup portfolio company of the Youngstown Business Incubator.

Freshmade 3D patented a method of creating durable AMClad tooling out of sand forms 3D printed on ExOne machines. The process reduces development time for the production of conventional tooling and offers customers up to 50 percent in cost savings, a news release states.

ExOne CEO John Hartner said in a release that the company will scale up Freshmade 3D’s patented process for a global aerospace customer, which plans to use it for the composite layup of parts — a way to “shorten supply chains and produce tooling and final products locally.”

Freshmade 3D has used its AMClad process to produce artwork or restoration pieces, including a replica of the Statue of Liberty’s Italian sister — the Liberty of Poetry — which was featured at Ellis Island and is now at Kent State University.

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