Farmers National Banc completed the acquisition of Cortland Bancorp for $124m.

Farmers National Banc, a one-bank holding company, completed the acquisition of Cortland Bancorp, a bank holding company operating through Cortland Savings and Banking, for $124m. “We have known and competed with Cortland for a long time and this acquisition will further solidify our market share in Trumbull and Mahoning Counties as well as expand our presence in the greater Cleveland area furthering our strategy of building local scale throughout Northeast Ohio," Kevin Helmick, Farmers National Banc President and CEO.