Announced
Completed
Financials
Tags
United States
Friendly
Domestic
Merger
bank holding company
Majority
Banks
Acquisition
Single Bidder
Public
Completed
Synopsis
Farmers National Banc, a diversified financial services company, completed the merger with Emclaire Financial, a publicly traded Pennsylvania corporation and bank holding company, in a $105m deal. "As we continue to demonstrate Farmers successful track record for executing on M&A, I am pleased to announce our largest acquisition to date. This latest transaction will mark a significant extension into the Pennsylvania markets, which has been a long-time strategy for Farmers. The contiguous expansion will also serve as Farmers’ entrance into the attractive Pittsburgh market and allow us to deliver our robust wealth management and mortgage services to the Emlenton footprint. This latest acquisition will continue to integrate Farmers’ culture into new communities and drive value for our stakeholders," Kevin J. Helmick, Farmers President and CEO. On July 20, 2022, Emclaire Financial receives shareholder approval for merger with Farmers National.
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