Farmers National Banc Corp. completed the merger of Emclaire Financial Corp., the holding company for The Farmers National Bank of Emlenton.
Through this move, Emlenton Bank was merged with and into Farmers National Bank through a newly-formed wholly-owned subsidiary of Farmers.
“I am excited to close our seventh acquisition in the last seven years and expand into the Pennsylvania markets, which has been a long-time strategy for Farmers. Additionally, we are thrilled to deliver our robust wealth management and mortgage services to the Emlenton footprint. On behalf of everyone at the Company, we are pleased to welcome the customers, employees, and shareholders of Emclaire to Farmers National Banc Corp.,” Kevin Helmick, president and CEO of Farmers, said.
Farmers, headquartered in Canfield, Ohio, now has over $5 billion in banking assets and operates 65 branches throughout Ohio and Pennsylvania. It also has about $2.9 billion in wealth management assets under management.
William Marsh, president, CEO and chairman of Emclaire and Emlenton Bank, has joined Farmers as senior vice president, market president – Pennsylvania. Also, Farmers welcomes a member from Emclaire’s board to its board, Nicholas Varischetti. He will also serve on the corporate governance and nominating committee and the compensation committee. Varischetti is a partner with Burns White out of their Pittsburgh office.
“With his diverse background and experience working with multiple industries, we believe Nick will be a great asset to our shareholders,” Helmick said.