Farmers National Bank expands in Pennsylvania with acquisition of Emlenton Bank

Farmers National Banc Corp., the holding company for Farmers National Bank, is acquiring Emclaire Financial Corp., the holding company for The Farmers National Bank of Emlenton (Emlenton Bank), the two companies announced Thursday.

After the merger, Emlenton Bank branches will become Farmers National Bank branches.

Farmers currently has 47 locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga counties in Ohio, and Beaver County in Pennsylvania. Emclaire operates 19 offices in Venango, Allegheny, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson and Mercer counties in Pennsylvania.

Upon closing, Farmers estimates it will have approximately $5.2 billion in assets and 66 locations throughout Ohio and western Pennsylvania, a news release states.

Kevin J. Helmick, president and CEO of Farmers, said in the release that the transaction is the company’s “largest acquisition to date.”

Helmick also said the agreement “will mark a significant extension into the Pennsylvania markets, which has been a long-time strategy for Farmers,” and will “serve as Farmers’ entrance into the attractive Pittsburgh market.”

William C. Marsh, the current president, CEO and chairman of the board of Emclaire and Emlenton Bank, will join Farmers as senior vice president and market president, Pennsylvania, after the merger, according to the release.