Farmers National Banc to merge with Middlefield Banc in a $299m deal.

Farmers National Banc, a company specializing in diversified financial services, agreed to merge with Middlefield Banc, a company focused on community banking and financial services, in a $299m deal. “We are excited to announce the merger with Middlefield. This is our seventh bank acquisition in the last 10 years and reflects our proven track record of executing and integrating strategic M&A. The merger brings together two high-performing community banks with complementary markets, shared values, and a common vision for growth. We know Middlefield and its markets well, and this partnership not only deepens our presence in Northeast Ohio but meaningfully expands our footprint across Central and Western Ohio markets. This includes the Columbus region, where we are making strategic investments to expand in Ohio’s largest and fastest-growing market. Together, we will create a larger, more diversified institution with enhanced scale, deeper relationships, and a stronger foundation to drive long-term shareholder value,” Kevin J. Helmick, Farmers President and CEO.